Thungela Resources Limited Declares Interim Cash Dividend and Announces Share Repurchase Programme

Strategic Insights -

Thungela Resources Limited, a Johannesburg-based mining company, has announced the declaration of an interim gross ordinary cash dividend of 200 cents per share, payable in South African rand to shareholders registered on the South African register. The dividend will be paid on 22 September 2025, with a record date of 19 September 2025. The company's share capital at the time of declaration was 140,492,585 ordinary shares.

The dividend will be subject to 20% withholding tax for non-exempt shareholders, resulting in a net dividend amount of 160 cents per share. Shareholders on the UK register will be paid in Pound sterling, with a net dividend amount of 6.72 pence per share. The company will also implement a share repurchase programme, subject to favourable market conditions, in the period commencing 19 August 2025 and ending prior to the next annual general meeting.

Key Takeaways:

  • Thungela Resources Limited has declared an interim gross ordinary cash dividend of 200 cents per share, payable in South African rand.
  • The dividend will be subject to 20% withholding tax for non-exempt shareholders, resulting in a net dividend amount of 160 cents per share.
  • Shareholders on the UK register will be paid in Pound sterling, with a net dividend amount of 6.72 pence per share.
  • The company will implement a share repurchase programme, subject to favourable market conditions, in the period commencing 19 August 2025 and ending prior to the next annual general meeting.
  • The aggregate purchase price of all shares repurchased will be no greater than R140 million.
  • The repurchases will be made by Thungela Operations Proprietary Limited, a subsidiary of the company.
  • Shareholders on the UK register are advised to arrange for the required documentation to be submitted to Computershare UK by 19 September 2025 to benefit from reduced withholding tax rates.

Statistics:

  • Interim gross ordinary cash dividend: 200 cents per share (South African rand)
  • Net dividend amount (after 20% withholding tax): 160 cents per share (South African rand)
  • Net dividend amount (after 20% withholding tax for UK shareholders): 6.72 pence per share (Pound sterling)
  • Aggregate purchase price for share repurchase: R140 million (approximate)
  • Number of shares to be repurchased: up to 14 million (approximately 10% of issued share capital)
  • Period of share repurchase: from 19 August 2025 to prior to next annual general meeting
  • Ex-dividend date: 17 September 2025
  • Record date: 19 September 2025
  • Payment date: 22 September 2025

Sources:

  • Johannesburg Stock Exchange (JSE)
  • Thungela Resources Limited (JSE Share Code: TGA)
  • Thungela Resources Limited (LSE Share Code: TGA)
  • Computershare UK (transfer secretaries)
  • Computershare Investor Services Proprietary Limited (transfer secretaries, South Africa)
  • Thungela Resources Limited (investor relations and media)