Thungela Resources Limited ( (GB:TGA) ) has shared an announcement.
Thungela Resources Limited announced transactions involving conditional shares for its executive directors, as part of the company’s 2021 Share Plan and Remuneration Policy. The shares, awarded to CEO July Ndlovu and CFO Gideon Frederick Smith, are subject to a two-year holding period, reflecting the company’s commitment to aligning executive incentives with long-term performance. This move is likely to impact the company’s governance practices and stakeholder confidence by reinforcing executive accountability and stability.
More about Thungela Resources Limited
Thungela Resources Limited is a company based in South Africa, primarily engaged in the coal mining industry. It is listed on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE), focusing on the extraction and sale of thermal coal.
YTD Price Performance: -12.95%
Average Trading Volume: 137,497
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £675.5M
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