Company to hold investor call to further discuss legacy
Cristal business performance
STAMFORD, Conn., June 3, 2019 /PRNewswire/ -- Tronox Holdings
plc (NYSE:TROX) ("Tronox" or the "Company"), the world's
largest vertically integrated producer of titanium dioxide pigment,
today announced its Board of Directors has authorized the
repurchase of up to $100 million of
the company's stock.
"This authorization to repurchase shares is consistent with our
long-term capital allocation priorities of deleveraging, investing
in high-return organic projects to lower our costs and
opportunistically returning capital to shareholders," said
Jeffry N. Quinn, chairman and chief
executive officer of Tronox. "We believe our shares are drastically
undervalued and repurchasing shares at the current price is a
high-return use of a portion of our discretionary capital that will
not impact our ability to achieve our deleveraging commitments or
our timeline to deliver the substantial synergies resulting from
the Cristal acquisition."
Webcast Conference Call to Discuss Legacy Cristal Business
Performance
Tronox will conduct a webcast
conference call on Tuesday, June 4, 2019, at 8:30 a.m.
ET (New York) to discuss and
provide additional information regarding legacy Cristal's
historical business performance and its expected future
contribution to Tronox's business performance through
2020.
The live call will be open to the public via internet broadcast
and telephone. Webcast details will be shared post-market close on
June 3, 2019.
Media Contact: Melissa Zona
+1 636.751.4057
Investor Contact: Brennen Arndt
+1 646.960.6598
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals; and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals. With nearly 7,000
employees across six continents, our rich diversity, unmatched
vertical integration model, and unparalleled operational and
technical expertise across the value chain,
position Tronox as the preeminent titanium dioxide
producer in the world. For more information about how our products
add brightness and durability to paints, plastics, paper and other
everyday products, visit Tronox.com.
Forward Looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future financial performance based on our growth strategies and
anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements. These and other risk factors are discussed in the
company's filings with the Securities and Exchange
Commission (SEC), including those under the heading entitled
"Risk Factors" in our Annual Report on Form 10-K/A for the year
ended December 31, 2018.
Moreover, we operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible for our management to predict all risks and
uncertainties, nor can management assess the impact of all factors
on our business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from
those contained in any forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance or achievements. Neither we nor any
other person assumes responsibility for the accuracy or
completeness of any of these forward-looking statements. You should
not rely upon forward-looking statements as predictions of future
events. Unless otherwise required by applicable laws, we undertake
no obligation to update or revise any forward-looking statements,
whether because of new information or future developments.
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SOURCE Tronox Holdings plc