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LONDON - Mining and metals company South32 (OTC:SOUHY) Limited (ASX/LSE/JSE:S32) submitted its daily share buy-back notice to multiple regulatory bodies on Wednesday, according to a press release statement.
The company filed the Appendix 3E buy-back notice with the Australian Securities Exchange and voluntarily disclosed it on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG). The document has also been submitted to the UK’s National Storage Mechanism.
South32, which produces commodities including bauxite, alumina, aluminum, copper, zinc, lead, silver, nickel and manganese, operates mining facilities across Australia, Southern Africa and South America.
The company describes itself as globally diversified with a portfolio that includes development projects focused on commodities needed for low-carbon technologies.
No details were provided regarding the specific number of shares repurchased or the financial terms of the buy-back program.
Share buy-back programs typically allow companies to repurchase their own stock from the open market, which can help support share prices and return value to shareholders.
The notice follows standard regulatory requirements for public companies engaged in share repurchase activities.
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