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 314.48p, will be held in treasury, impacting the total number of voting rights for shareholders. This transaction is part of a buy-back initiative expected to conclude by August 2025, reflecting Glencore’s strategic financial management and potential implications for shareholder value.
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 goods. The company operates globally, focusing on the extraction and trading of commodities that are essential for industrial and economic development.
YTD Price Performance: -9.69%
Average Trading Volume: 40,973,181
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.76B
Learn more about GLEN stock on TipRanks’ Stock Analysis page.