The latest update is out from Glencore ( (GB:GLEN) ).
Glencore PLC announced the purchase of 3 million of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were bought at prices ranging from 298.40p to 307.45p, with an average price of 301.61p per share. This transaction is part of a larger buy-back initiative set to conclude by August 2025, which aims to enhance shareholder value and optimize the company’s capital structure. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder notifications under regulatory guidelines.
More about Glencore
Glencore PLC is a multinational commodity trading and mining company, primarily involved in the production and marketing of metals, minerals, energy products, and agricultural commodities. The company operates globally, focusing on the extraction and trading of resources such as copper, zinc, nickel, coal, and oil.
YTD Price Performance: -15.34%
Average Trading Volume: 41,782,789
Technical Sentiment Signal: Buy
Current Market Cap: £36.21B
See more insights into GLEN stock on TipRanks’ Stock Analysis page.