South32 announces share buy-back update

SYDNEY - South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), the globally diversified mining and metals company, has submitted an updated notification for its daily share buy-back program to the National Storage Mechanism, and it will soon be available for public inspection, the company announced on Tuesday.

In compliance with financial regulations, the Appendix 3C - Notification of buy-back document, which details the company’s latest buy-back activities, has been lodged with the Australian Securities Exchange. Additionally, it has been voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG).

This move is part of South32’s ongoing capital management strategy. The company, headquartered in Australia, operates with a focus on producing essential commodities like bauxite, alumina, aluminium, copper, and nickel, among others. South32 has emphasized its intent to reshape its portfolio to align with the global transition towards a low-carbon future.

The document, which will be available for inspection at the National Storage Mechanism’s website, is an update to the market on South32’s share buy-back program, a common practice among listed companies aiming to manage their capital structure and return value to shareholders.

South32 has not disclosed the specific number of shares bought back or the financial terms involved in the notification. Share buy-backs can have various impacts on a company’s share price and earnings per share, among other financial metrics, by reducing the number of shares outstanding.

The announcement is based on a press release statement by South32 and further details on the company can be found on their official website. The Standard Bank of South Africa Limited is listed as the JSE Sponsor for the announcement dated May 20, 2025.

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