South32 reports share buy-back on multiple exchanges

PERTH - South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), the global mining and metals company, has announced an update to its share buy-back program, initially lodged on the Australian Securities Exchange on March 31. The updated notification, which details the daily buy-back transactions, was voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG) and submitted to the National Storage Mechanism.

The company, incorporated in Australia, is known for producing a variety of commodities, including bauxite, alumina, aluminum, and copper, as well as metals such as zinc, lead, silver, nickel, and manganese. South32 operates across Australia, Southern Africa, and South America, and is focused on reshaping its portfolio to support a low-carbon future.

The Appendix 3C - Notification of buy-back document is now available for public inspection, providing transparency on the company’s recent transactions as part of its share buy-back strategy. This move aligns with South32’s commitment to managing its capital effectively and providing value to its shareholders.

The buy-back initiative is a common practice among publicly traded companies, allowing them to repurchase their own shares from the marketplace. This can potentially increase the value of remaining shares by reducing the supply or providing support to the share price.

South32 has not disclosed the specific number of shares it intends to buy back or the financial terms of the buy-back. The details of daily buy-back transactions are typically released to provide shareholders and potential investors with up-to-date information about the company’s capital management activities.

The information regarding South32’s share buy-back program is based on a press release statement and is intended to keep investors informed about the company’s financial maneuvers.

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