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SYDNEY - South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), a global mining and metals company, has announced an update to its share buy-back program. The notification, filed as Appendix 3C with the Australian Securities Exchange, was also voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG) and is now available for inspection.
The company, headquartered in Australia, is involved in the production of various commodities, including bauxite, alumina, aluminium, copper, zinc, lead, silver, nickel, and manganese. South32 operates across Australia, Southern Africa, and South America, and is focused on resources critical for a low-carbon future.
The buy-back program is part of South32’s ongoing strategy to manage its capital effectively. Share buy-backs are a common practice where a company repurchases its own shares from the marketplace, reducing the amount of outstanding stock and often aiming to return value to shareholders.
The details of the buy-back, including the number of shares repurchased and the price paid, will be disclosed in the full Appendix 3C document. This move follows the company’s stated purpose of making a difference by developing natural resources and improving lives while being trusted by owners and partners to realize the potential of their resources.
The company’s investor relations and media contacts provided in the press release are Ben Baker, Jamie Macdonald, and Miles Godfrey. The Standard Bank of South Africa Limited is listed as the JSE Sponsor for South32.
This update is based on a press release statement and is intended to inform shareholders and the market of the company’s latest corporate action. Investors interested in the specifics of the buy-back program can access the document through the provided link to the National Storage Mechanism.
As the information is drawn directly from the company’s official statement, it presents the facts without speculation on the potential impact on the company’s stock price or market position.
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