Red Rock Resources takes home £0.36m after Jupiter share buyback

Red Rock Resources updated the market on the equal access share buyback implemented by Australian unlisted public company Jupiter Mines on Monday.

The AIM-traded firm initially noted the buyback, worth AUD 51m (£28m) on 22 January.

It said acceptances were received by Jupiter in respect of 96.86% of shares subject to the offer, with Jupiter now having 1,948,340,503 shares in issue.

“Red Rock has received $0.5m, equivalent to approximately £0.36m at current exchange rates,” the Red Rock board said in its statement.

“This distribution follows distributions by Jupiter to Red Rock of £0.54m on 13 March 2017 and approximately £0.23m on 16 November.”