THUNGELA RESOURCES
LIMITED
(Incorporated in the Republic of
South Africa)
(Registration number:
2021/303811/06)
JSE Share code: TGA
LSE Share code: TGA
ISIN: ZAE000296554
('Thungela' or the 'Company' and,
together with its affiliates, the 'Group')
VOLUNTARY ANNOUNCEMENT: FULFILMENT OF ALL THE CONDITIONS
PRECEDENT RELATING TO THE ACQUISITION OF THE
REMAINING 15% INTEREST IN THE ENSHAM
BUSINESS
Shareholders are referred to the
announcement published on the Stock Exchange News Service of the
JSE Limited and the Regulatory News Service of the London Stock
Exchange on Monday, 23 December 2024 which set out details of,
subject to the receipt of regulatory approvals and to the
fulfilment or waiver (where capable of waiver) of the conditions
precedent, a share sale and purchase agreement with Bowen
Investment (Australia) Proprietary Limited ("Bowen") in terms of
which, inter alia, Thungela, through its wholly-owned subsidiary
Thungela Resources Australia Proprietary Limited ("Thungela
Australia"), will acquire Bowen's 15% interest in the Ensham Joint
Venture, Ensham Coal Sales Proprietary Limited, the Nogoa Pastoral
Joint Venture and Nogoa Pastoral Proprietary Limited (collectively,
the "Ensham Business") for a total purchase consideration of AUD48
million ("the Transaction").
Thungela is pleased to advise that
all the conditions precedent to the Transaction have been
fulfilled, including Thungela Australia obtaining approvals from
the Foreign Investment Review Board and the relevant Minister under
the Mineral and Energy Resources Act. The effective date of the
Transaction is 28 February 2025.
The Transaction is not a
categorisable transaction for purposes of Section 9 of the JSE
Limited Listings Requirements and, as such, this announcement is
published voluntarily, for information purposes.
Johannesburg
28 February 2025
Disclaimer
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement via the
regulatory information service, this inside information is now
considered to be in the public domain.
Investor Relations
Hugo Nunes
Email: hugo.nunes@thungela.com
Shreshini Singh
Email: shreshini.singh@thungela.com
Media
Hulisani Rasivhaga
Email: hulisani.rasivhaga@thungela.com
South African Attorneys
Webber Wentzel
Australian Legal Advisers
Allens
UK
Financial Adviser and Corporate Broker
Panmure Liberum Limited
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank
Limited)
