JOHANNESBURG – Thungela Resources Limited (JSE:TGA, LSE:TGA) disclosed that five prescribed officers sold ordinary shares on April 28 to settle tax obligations arising from the vesting of conditional share awards, according to a press release statement.
Chief Operations Officer Johan van Schalkwyk sold 6,060 shares at a volume-weighted average price of R139.79, generating proceeds of R847,127. Executive Head of Technical Leslie Martin sold 5,263 shares at the same average price for R735,715.
Executive Head of Human Resources Lesego Mataboge and Executive Head of Corporate Affairs Mpumi Sithole each sold 3,739 shares at R139.79 per share, with transaction values of R522,675 each. Executive Head of Marketing Bernard Dalton sold 4,481 shares at the same average price for R626,399.
The transactions occurred on market with prices ranging from R136.19 to R141.38 per share. The share sales followed the vesting of conditional awards under the Company’s 2021 Share Plan as outlined in the Remuneration Policy.
Thungela obtained clearance for these transactions in accordance with the JSE Limited Listings Requirements. The company is incorporated in South Africa with registration number 2021/303811/06 and ISIN ZAE000296554.
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Source:
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