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Glencore ( (GB:GLEN) ) has provided an announcement.
Glencore PLC announced the repurchase of 5,000,000 of its ordinary shares on the London Stock Exchange, as part of its ongoing buy-back program set to conclude by August 2025. This transaction reduces the total number of shares in issue and adjusts voting rights, signifying a strategic move to manage equity and enhance shareholder value, while correcting an earlier typographical error regarding the number of shares in issue.
More about Glencore
Glencore is a multinational commodity trading and mining company, primarily engaged in the production and marketing of a diverse range of metals, minerals, energy products, and agricultural goods. The company operates globally, serving markets with a focus on resource extraction, processing, and trading.
YTD Price Performance: -7.24%
Average Trading Volume: 38,204,415
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £43.06B
For a thorough assessment of GLEN stock, go to TipRanks’ Stock Analysis page.
