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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rio Tinto Plc | LSE:RIO | London | Ordinary Share | GB0007188757 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -51.00 | -0.94% | 5,399.00 | 5,400.00 | 5,402.00 | 5,517.00 | 5,360.00 | 5,509.00 | 518,171 | 09:23:53 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 54.86B | 10.06B | 6.1815 | 8.77 | 88.19B |
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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