GSK shares fall after FDA panel votes against Blenrep combinations for myeloma
LONDON - South32 (OTC:SOUHY) Limited, the globally diversified mining and metals company, has announced an update to its stock buy-back program. The notification, referred to as Appendix 3C, was submitted today to the National Storage Mechanism and is now available for public inspection.
The buy-back program is part of the company’s ongoing strategy to manage its share capital effectively. South32 has operations in Australia, Southern Africa, and South America, producing a range of commodities crucial for various industries, including those driving a low-carbon future.
The Appendix 3C notification, which details the daily buy-back transactions, has been lodged with the Australian Securities Exchange and disclosed voluntarily on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG). This move is in line with the company’s commitment to transparency and governance in its capital management practices.
Share buy-backs are a common strategy used by companies to return value to shareholders, potentially increasing the earnings per share by reducing the number of shares outstanding. South32 has not disclosed the specific financial details or the volume of shares to be bought back under this daily notification.
This announcement follows South32’s stated purpose to make a difference by developing natural resources, improving people’s lives now and for future generations. The company is known for producing commodities such as bauxite, alumina, aluminium, copper, zinc, lead, silver, nickel, and manganese, alongside a portfolio of development projects and exploration prospects.
Investors and stakeholders interested in the specifics of the daily buy-back transactions can access the Appendix 3C - Notification of buy-back document on the National Storage Mechanism’s website.
The information disclosed in this article is based on a press release statement from South32 Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.