BHP successfully completes $7.3 billion off-market buy-back

Company News

by Anna Napoli

BHP (ASX:BHP) says it has successfully completed its $7.3 billion off market buy-back.

The mining giant bought back around 265.8 million BHP Group shares, which represents 8.3 per cent of the issued share capital of BHP Group.

The final price for the off-market buy-back has been set at $27.64 per shares, a discount of 14 per cent to the market price on Friday the 14th of December 2018.

Additionally, BHP has announced it will pay a special dividend of US$1.02 a share which will be paid to all eligible shareholders on 11 January 2019.

Shares in BHP (ASX:BHP) are trading 1.3 per cent higher at $32.81.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.