Glencore ( (GB:GLEN) ) just unveiled an announcement.
Glencore has announced the cancellation of 150 million treasury shares, reducing its treasury shares to approximately 8.81% of its total issued share capital. This move aligns with the company’s policy to maintain treasury shares below 10% of total issued share capital, potentially impacting its market operations and shareholder value.
More about Glencore
Glencore is one of the world’s largest diversified natural resource companies, producing and marketing over 60 commodities that support everyday life and decarbonization efforts. With a global presence in more than 30 countries, Glencore serves industrial consumers in sectors such as automotive, steel, power generation, and battery manufacturing, while also providing financing, logistics, and other services.
YTD Price Performance: -9.71%
Average Trading Volume: 40,519,441
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.64B
See more insights into GLEN stock on TipRanks’ Stock Analysis page.