Rio Tinto completes two thirds of buyback
Rio Tinto has completed a A$2.87bn (US$2.1bn, £1.6bn) off-market share buyback to cancel 2.41% of the group's issued shares.
FTSE 100
8,025.77
17:14 12/11/24
n/a
n/a
FTSE 350
4,434.53
17:09 12/11/24
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FTSE All-Share
4,393.14
16:34 12/11/24
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Mining
10,689.43
17:09 12/11/24
-3.03%
-333.51
Rio Tinto
4,745.00p
16:45 12/11/24
-2.16%
-105.00p
The FTSE 100 group announced in September that is would carry out a US$3.2bn share buyback to return the proceeds from the sale of its coal assets.
The off-market buyback of 41.2m shares was completed at a 14% discounted price of A$69.69 per share.
All shares purchased will be cancelled, the company said.