Bluescope Steel Reduces Issued Capital with Buy-Back

Bluescope Steel Limited (AU:BSL) has released an update.

Bluescope Steel Limited has announced the cessation of 160,000 fully paid ordinary securities due to an on-market buy-back, effective from October 11, 2024. This move is part of the company’s strategy to reduce its issued capital and potentially enhance shareholder value. Such actions often indicate a company’s confidence in its current market valuation.

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