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TGA

3.44%
NEUTRAL

Thungela Resources Discloses Change in Significant Shareholding

Why we think this is neutral

This RNS announcement is a disclosure of a change in significant shareholding in Thungela Resources, which is a routine regulatory filing and does not contain any information about the company's trading performance, financial results, or other key business updates.

Key Points

  • JP Morgan Chase & Co has increased its holding in Thungela Resources to 6.63% of the issued ordinary shares
  • The company has filed the required notice with the Takeover Regulation Panel

Summary

The thermal coal producer has disclosed that JP Morgan Chase & Co has increased its holding in the company to 6.63% of the issued ordinary shares.

Thungela Resources Limited, a thermal coal producer, has announced that JP Morgan Chase & Co has notified the company that accounts under its management have increased their holding in the company, such that JP Morgan Chase & Co now holds 6.63% of the issued ordinary shares in the company. As required, the company has filed the necessary notice with the Takeover Regulation Panel.

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