Tronox Announces Completion of Stock Buyback Program
STAMFORD, Conn., Sept. 27, 2012 /PRNewswire/ -- Tronox Limited (NYSE: TROX) today announced the successful completion of its previously announced program to repurchase ten percent of its total Class A and Class B common shares.
The company has repurchased 12.6 million Class A shares. As a result of this buyback, Exxaro Resources Ltd., the company's largest shareholder, now holds 43.7 percent of Tronox common shares outstanding. Under the terms of a transaction completed in June 2012, in which Tronox acquired Exxaro's Mineral Sands business, Exxaro ownership may not exceed 45 percent of Tronox's common shares outstanding for a three-year period that commenced with the date of the transaction.
Tronox is a global leader in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment. Through the integration of its pigment and mineral sands business, the company provides its customers a dependable supply of brightening solutions for a variety of end uses. For more information, visit http://www.tronox.com.
Media Contact: Bud Grebey
Investor Contact: Brennen Arndt
SOURCE Tronox Limited
More by this Source
Statement by Tronox Limited Regarding Tronox vs. Anadarko Ruling
Dec 12, 2013, 23:25 ET
Tronox Reports Third Quarter 2013 Financial Results
Nov 06, 2013, 16:45 ET
Tronox Announces Dates for Third Quarter Earnings Release and Webcast Conference Call
Oct 10, 2013, 15:22 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.