Friday, South32 (OTC:SOUHY) Limited (ASX:LSE:JSE:S32; ADR:SOUHY), a globally diversified mining and metals company, announced an update to its daily share buy-back program. The update, submitted as Appendix 3C - Notification of buy-back, was lodged with the Australian Securities Exchange and disclosed voluntarily on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG).
The notification indicates that South32 is actively repurchasing its shares, a move often interpreted as a sign of confidence by a company in its own financial health and future prospects. The details of the buy-back will be available for inspection on the National Storage Mechanism's website.
South32, incorporated in Australia, is involved in the production of commodities such as bauxite, alumina, aluminium, copper, zinc, lead, silver, nickel, and manganese. The company operates across Australia, Southern Africa, and South America and is focused on resources critical for a low-carbon future.
The company's purpose, as stated on its website, is to make a difference by responsibly developing natural resources while improving lives now and for future generations. South32's strategy includes reshaping its portfolio to align with the global transition towards sustainable energy.
For investor relations inquiries, South32 has provided contact details for Ben Baker, who can be reached via phone or email. Media relations contacts include Jamie Macdonald and Miles Godfrey, also available through provided phone numbers and email addresses.
The Standard Bank of South Africa Limited is listed as the JSE sponsor for South32 as of the date of the notification. The information regarding the share buy-back program was distributed by RNS, the news service of the London Stock Exchange, and is officially sanctioned by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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