Anglo American plc commences an Equity Buyback Plan for 204,331,400 shares, representing 14.99% of its issued share capital, under the authorization approved on May 5, 2021.
August 02, 2021 at 02:00 am EDT
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Anglo American plc (LSE:AAL) commences share repurchases on July 30, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2021. As per the mandate, the company is authorized to repurchase up to 204,331,400 shares, representing 14.99% of its issued share capital. The repurchase program will expire at the conclusion of the Annual General Meeting of the company to be held in 2022. As of May 4, 2021, the company had 1,363,118,080 issued shares excluding treasury shares.
On July 29, 2021, the company has announced the program to repurchase its own shares, the company will repurchase up to repurchase up to $1,000 million. The repurchase program commence immediately and will expire on February 14, 2022.
Anglo American plc is one of the world's leading mining groups. The activity is organized around 10 families of products:
- iron ore: 59.3 million tons produced in 2022;
- copper: 664,000 tons produced;
- palladium;
- diamond: 34.6 million carats produced;
- rhodium;
- thermal coal;
- metallurgical coal;
- platinum;
- manganese;
- nickel: 39,800 tons produced.
Net sales are distributed geographically as follows: the United Kingdom (4%), Europe (13.3%), China (24%), Japan (14.8%), India (7.5%), Asia (18.6%), South Africa (3.5%), Africa (5.5%), Brazil (2.6%), Chile (2.2%), South America (0.1%), North America (3.1%) and Australia (0.8%).
Anglo American plc commences an Equity Buyback Plan for 204,331,400 shares, representing 14.99% of its issued share capital, under the authorization approved on May 5, 2021.