Thungela Resources Limited has recently made strategic moves in its securities acquisition. This article delves into the details of these acquisitions and their implications.
Understanding Thungela’s Share Plan
Thungela operates under a Deferred Bonus Share (DBS) plan as part of its broader share plan for 2021. This plan involves the acquisition of ordinary shares in the company, which are then held in Treasury until utilized for the settlement of rights.
Transaction Overview
Here’s a breakdown of Thungela’s recent on-market acquisitions of securities:
| Date | Nature of Transaction | Class of Securities | Number of Securities | Volume Weighted Average Purchase Price | Highest Purchase Price | Lowest Purchase Price | Transaction Value | Nature of Interest |
|---|---|---|---|---|---|---|---|---|
| 2 April 2024 | On-market acquisition | Ordinary shares | 99,330 | R125.95 | R128.38 | R121.05 | R12,510,613.50 | Direct beneficial |
| 3 April 2024 | On-market acquisition | Ordinary shares | 99,330 | R128.68 | R130.86 | R126.50 | R12,781,784.40 | Direct beneficial |
| 4 April 2024 | On-market acquisition | Ordinary shares | 99,330 | R132.36 | R134.00 | R130.00 | R13,147,318.80 | Direct beneficial |
| 5 April 2024 | On-market acquisition | Ordinary shares | 99,330 | R130.27 | R133.34 | R127.04 | R12,939,719.10 | Direct beneficial |
| 8 April 2024 | On-market acquisition | Ordinary shares | 76,940 | R130.78 | R132.86 | R127.04 | R10,062,213.20 | Direct beneficial |
| 9 April 2024 | On-market acquisition | Ordinary shares | 106,028 | R134.72 | R136.53 | R130.55 | R14,284,092.16 | Direct beneficial |
| 10 April 2024 | On-market acquisition | Ordinary shares | 115,022 | R139.77 | R143.61 | R134.00 | R21,667,424.90 | Direct beneficial |
| 11 April 2024 | On-market acquisition | Ordinary shares | 99,330 | R141.82 | R145.00 | R137.17 | R14,086,980.60 | Direct beneficial |
| 12 April 2024 | On-market acquisition | Ordinary shares | 99,333 | R147.93 | R149.61 | R144.53 | R14,694,330.70 | Direct beneficial |
Analysis of Transactions
Thungela’s acquisition strategy showcases a varied purchase price range, reflecting market dynamics and strategic timing in acquiring securities. The company’s direct beneficial interest is evident throughout these transactions.
