Glencore Advances Share Buy-Back Program with New Purchase

Glencore ( (GB:GLEN) ) has issued an announcement.

Glencore PLC announced the purchase of 3 million of its ordinary shares on the London Stock Exchange, as part of its ongoing share buy-back program. The shares, bought at a volume-weighted average price of 313.43p, will be held in treasury, affecting the total number of voting rights for shareholders. This move is part of a strategic effort to manage the company’s capital structure and enhance shareholder value, with the buy-back program expected to complete by August 2025.

More about Glencore

Glencore PLC is a leading multinational commodity trading and mining company, primarily engaged in the production and marketing of metals, minerals, energy products, and agricultural commodities. The company operates globally, focusing on the extraction, processing, and trading of resources essential to various industries.

YTD Price Performance: -11.57%

Average Trading Volume: 41,623,375

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £38.03B

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