TSX runs higher on rate cut expectations
LONDON/SYDNEY - South32 (OTC:SOUHY) Limited (ASX/LSE/JSE:S32) has submitted its daily buy-back notification to market regulators, according to a press release issued Wednesday.
The mining and metals company has lodged an updated Appendix 3C notification with the Australian Securities Exchange (ASX) and voluntarily disclosed the same information on the Johannesburg Stock Exchange (JSE) and London Stock Exchange (LON:LSEG) (LSE).
The notification has been submitted to the National Storage Mechanism and will be available for inspection at the UK Financial Conduct Authority’s data repository.
South32 is a globally diversified mining and metals company with operations across Australia, Southern Africa, and South America. The company produces various commodities including bauxite, alumina, aluminum, copper, zinc, lead, silver, nickel, and manganese.
The company’s share buy-back program represents part of its ongoing capital management strategy. Share buy-backs typically allow companies to return value to shareholders by reducing the number of outstanding shares, which can potentially increase earnings per share and share value.
No specific details regarding the volume or value of shares repurchased were provided in the press release statement.
South32 shares are traded on multiple exchanges under the ticker S32, with American Depositary Receipts trading under SOUHY.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.