South32 announces stock buy-back update

LONDON - South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), a global mining and metals company, has submitted an updated notification of its stock buy-back to the National Storage Mechanism, and the document is now available for public inspection. The announcement, which was made today, pertains to the company’s daily share repurchase activities.

The Appendix 3C - Notification of buy-back, which details South32’s latest transactions involving its own shares, was lodged with the Australian Securities Exchange and disclosed voluntarily on both the Johannesburg Stock Exchange and the London Stock Exchange (LON:LSEG). This move is part of the company’s ongoing efforts to manage its capital effectively.

South32, headquartered in Australia, operates across several continents, with a focus on extracting and processing minerals essential for the global economy. The company’s portfolio includes the production of commodities such as bauxite, alumina, aluminium, copper, zinc, lead, silver, nickel, and manganese. Additionally, South32 holds development projects and exploration prospects aligned with its strategy of shifting towards resources crucial for a low-carbon future.

The buy-back program reflects the company’s commitment to delivering value to its shareholders and is a common practice among publicly traded companies seeking to reduce the number of shares in circulation, potentially leading to an increase in the value of remaining shares.

Investors and interested parties can access the buy-back notification document through the provided link to the National Storage Mechanism, which serves as an official repository for regulatory filings in the United Kingdom (TADAWUL:4280). This information is disseminated by RNS, the news service of the London Stock Exchange, which is authorized by the Financial Conduct Authority as a Primary Information Provider.

This press release statement provides the latest factual information on South32’s buy-back activities, allowing shareholders and the market to stay informed about the company’s financial maneuvers.

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