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MELBOURNE - South32 Limited (ASX:S32) announced Wednesday it has filed its daily share buy-back notice with regulatory authorities, according to a company press release.
The diversified mining and metals company submitted an Appendix 3E daily share buy-back notice to the Australian Securities Exchange. The notice was also voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange.
South32 confirmed the notice has been submitted to the National Storage Mechanism and will soon be available for public inspection through the UK Financial Conduct Authority’s data portal.
The company, which produces commodities including bauxite, alumina, aluminum, copper, zinc, lead, silver, nickel and manganese, operates mines across Australia, Southern Africa and South America.
South32 did not disclose specific details about the number of shares repurchased or the price paid in its announcement.
Share buyback programs typically allow companies to return capital to shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share prices.
The company trades on multiple exchanges under the ticker S32, with its American Depositary Receipts trading under SOUHY.
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