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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.34 | 1.03% | 130.85 | 143.93 | 119.87 | 131.175 | 128.98 | 130.37 | 1,324,563 | 07:00:21 |
From Apr 2019 to Apr 2024
By Dimitrios Kontos
Rio Tinto Ltd. (RIO.AU) said Thursday it plans to start an additional share buyback program worth $2.5 billion, returning to its shareholders the proceeds from the sale of Coal & Allied.
The U.K.-Australian mining company said it will allocate $1.9 billion for on-market purchases of existing Rio Tinto ordinary shares of 10 pence each, and initiate an off-market tender of approximately $560 million of shares.
The company had previously executed share buyback programs in February and August, with today's announcement bringing the total for 2017 to $4 billion.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
September 21, 2017 12:48 ET (16:48 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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