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Fortescue extends buy-back programme

11th October 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has extended its on-market share buy-back programme by a further 12 months, until October 2020.

The company has also re-established the total amount of the buy-back programme at A$500-million.

The miner told shareholders that the buy-back programme remained an important part of the execution of Fortescue’s capital management strategy.

The extension of the buy-back programme would not require shareholder approval.

Edited by Creamer Media Reporter

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