South32 announces daily share buy-back program

SYDNEY - South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), a diversified mining and metals company, has submitted its daily share buy-back notice to the National Storage Mechanism, making it available for inspection. This notice follows the company’s strategy to adjust its portfolio in favor of commodities that are essential for a low-carbon future.

The buy-back notice, known as Appendix 3E, was lodged with the Australian Securities Exchange and voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG). The document details the company’s latest share repurchase activity, a common practice among publicly traded companies looking to return value to shareholders and potentially improve financial ratios.

South32, incorporated in Australia, operates with a purpose to make a difference by developing natural resources while aiming to improve people’s lives now and for generations to come. The company’s operations span across Australia, Southern Africa, and South America, focusing on producing a range of commodities that include bauxite, alumina, aluminum, and copper, among others.

The company’s approach to reshaping its portfolio aligns with the growing global emphasis on sustainability and the transition to a low-carbon economy. As part of its commitment to this transition, South32 is involved in the production of materials crucial for renewable energy technologies and infrastructure.

The information provided about the share buy-back is based on a press release statement from South32 Limited. The company’s investor and media relations contacts were listed in the press release for further inquiries, although their details are not included in this news report.

Investors and stakeholders can access the daily share buy-back notice on the National Storage Mechanism’s website. The notice’s availability on multiple stock exchanges underscores South32’s transparency and adherence to regulatory requirements across the different markets where its shares are traded.

The announcement comes amidst a broader industry trend of companies repurchasing their own shares, a move that often reflects confidence in the company’s financial health and future prospects. South32’s buy-back program is part of its ongoing efforts to manage its capital structure and deliver shareholder value.

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