The Lemon Fool

Rio Tinto has successfully completed its off-market buy-back, achieving its share purchase target of approximately 41.2 million Rio Tinto Limited shares, for a total consideration of A$2,871 million (US$2,081 million1). The Buy-Back Price was A$69.69 per Share which represented a discount of 14 per cent to the Market Price2.

The Buy-Back was announced on 20 September 2018 as part of a US$3.2 billion share buy-back programme (the "Programme"), returning the post-tax proceeds from the sale of coal assets in 2018 to Rio Tinto shareholders.