Glencore ( (GB:GLEN) ) has shared an announcement.
Glencore plc has announced the repurchase of 3 million of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is set to conclude by August 2025. This transaction, executed through Citigroup Global Markets Limited, is part of a strategic initiative to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Glencore
Glencore plc is a leading multinational commodity trading and mining company. It is involved in the production and marketing of various natural resources, including metals, minerals, energy products, and agricultural commodities. The company operates globally, focusing on the extraction and trading of raw materials essential for various industries.
YTD Price Performance: -17.22%
Average Trading Volume: 43,187,240
Technical Sentiment Signal: Buy
Current Market Cap: £35.29B
See more data about GLEN stock on TipRanks’ Stock Analysis page.