The latest announcement 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 share buy-back program. This transaction, executed by Citigroup Global Markets Limited, reflects Glencore’s strategic efforts to manage its capital structure and potentially enhance shareholder value. The repurchased shares will be held in treasury, and the buy-back program is expected to conclude by August 2025, impacting the company’s total voting rights and shareholder calculations.
More about Glencore
Glencore PLC is a leading company in the mining and commodities sector, focusing on the production and marketing of metals, minerals, energy products, and agricultural goods. It operates globally, providing essential resources to industries and consumers worldwide.
YTD Price Performance: -9.69%
Average Trading Volume: 40,973,181
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.76B
For an in-depth examination of GLEN stock, go to TipRanks’ Stock Analysis page.