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The latest announcement is out from Thungela Resources Limited ( (GB:TGA) ).
Thungela Resources Limited announced the acceptance of conditional share awards by its CEO designate, Moses Thembinkosi Madondo, as part of the company’s 2021 Share Plan and Remuneration Policy. The award consists of 196,054 ordinary shares valued at approximately R18.48 million, with a vesting date set for April 2028, contingent on specific performance and employment conditions. This move signifies a strategic step in aligning the leadership’s interests with the company’s long-term goals, potentially impacting its market positioning and stakeholder confidence.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in the Republic of South Africa, primarily involved in the mining industry. The company focuses on the extraction and production of coal, operating within the South African market and listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).
Average Trading Volume: 291,711
Technical Sentiment Signal: Sell
Current Market Cap: £515.3M
For detailed information about TGA stock, go to TipRanks’ Stock Analysis page.