Thungela Resources Limited (JSE/LSE: TGA), the South Africa-based thermal coal producer, has published a confirmation of treasury shares held as at 31 October 2026, in compliance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6. The Group reports a total of 13,245,911 shares in treasury, split between subsidiary holdings and employee share plan accounts. The disclosure establishes the voting share denominator that shareholders and other notifiable parties must use when calculating whether they are required to report interests in the Company.

Key Points

  • Thungela Resources Limited (JSE/LSE: TGA), incorporated in the Republic of South Africa
  • Total treasury shares held at 31 October 2026 confirmed at 13,245,911
  • Voting share capital stands at 129,050,178 ordinary shares; 11,442,407 subsidiary-held treasury shares carry no voting rights
  • Investors and notifiable parties should use 129,050,178 as the denominator for FCA disclosure threshold calculations

Breakdown of Thungela's 13.2 Million Treasury Shares Across Subsidiaries and Employee Accounts

The announcement states that of the 13,245,911 total treasury shares, 11,442,407 are held directly by subsidiaries of the Group, while the remaining 1,803,504 are held in separate broker accounts for employees. The employee-held shares relate to awards made under the Thungela share plan that have not yet vested, as well as sign-on awards granted to new employees that remain subject to forfeiture conditions. The company confirms that, for accounting purposes, all shares in employee broker accounts are treated as treasury shares until the relevant vesting or forfeiture conditions have been met or satisfied.

Voting Rights Position: 11.4 Million Subsidiary-Held Shares Carry No Vote

Thungela's disclosure confirms that the 11,442,407 treasury shares held directly by subsidiaries do not carry voting rights. This distinction is significant for investors monitoring the effective voting share base of the Company. The 1,803,504 shares held in employee broker accounts are accounted for as treasury shares but their voting treatment is governed by the vesting and forfeiture conditions attached to the relevant share awards. Taken together, these arrangements reduce the actively voting proportion of Thungela's total issued share capital, a detail relevant to any shareholder seeking to assess governance influence.

FCA Rule 5.6 Denominator: 129,050,178 Voting Shares for Shareholder Notification Purposes

The primary regulatory purpose of this announcement is to establish the denominator figure required under FCA Disclosure Guidance and Transparency Rule 5.6. Thungela confirms that the total number of ordinary shares in issue carrying voting rights amounts to 129,050,178. Shareholders, and others with notification obligations under UK transparency rules, must use this figure when determining whether a change in their holding triggers a mandatory disclosure to the Company and the FCA. The Company's UK financial adviser and corporate broker is Panmure Liberum Limited, with Rand Merchant Bank acting as sponsor.