South32 announces stock buy-back update

SYDNEY - South32 (OTC:SOUHY) Limited, the multinational mining and metals company, has announced an update to its stock buy-back program. The Appendix 3C - Notification of buy-back, which details the daily transactions of this initiative, has been submitted to the National Storage Mechanism and is now publicly available for inspection.

The buy-back program is part of South32’s strategy to manage its capital effectively. It reflects the company’s ongoing efforts to return value to shareholders while maintaining a strong balance sheet. The update, lodged on the Australian Securities Exchange and voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG), indicates the company’s commitment to transparency in its financial dealings.

As a globally diversified entity, South32 produces essential commodities such as bauxite, alumina, aluminum, copper, zinc, lead, silver, nickel, and manganese. With operations spanning Australia, Southern Africa, and South America, the company emphasizes its role in developing natural resources responsibly and sustainably, with a view towards supporting a low-carbon future.

The buy-back announcement aligns with South32’s strategic priorities, which include reshaping its portfolio to focus on commodities critical for a low-carbon economy. This move may be of interest to investors as it could potentially impact the company’s stock liquidity and market capitalization.

This information is based on a press release statement and is essential for stakeholders tracking the company’s financial strategies and market activities. Investors and interested parties can access the buy-back notification details through the link provided in the announcement.

South32 has not disclosed the financial specifics of the buy-back transactions in the announcement. The company’s stock is traded under the ticker S32 on the Australian Securities Exchange (ASX), the London Stock Exchange (LSE), and the Johannesburg Stock Exchange (JSE), with an American Depositary Receipt (ADR) available under the symbol SOUHY.

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