Assore proposes share buyback and JSE delisting

By IM Staff
Published: Thursday, 12 March 2020

Assore is proposing to buy back its shares and delist from the Johannesburg Stock Exchange (JSE) after 70 years as a listed company, the South African mining group said on Monday March 9.

By Janie Davies

The company, which produces manganese, chrome and iron ore and manganese alloy, is offering to repurchase all ordinary shares in its listed share capital for 320 rand ($19) per share in a move that will cost 7.8 billion rand. 

The offer represents a premium of...

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