Glencore ( (GB:GLEN) ) just unveiled an announcement.
Glencore plc has announced the purchase of 3,000,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of a broader strategy expected to conclude by August 2025, which aims to optimize the company’s capital structure and potentially enhance shareholder value.
More about Glencore
Glencore is a leading multinational commodity trading and mining company, primarily engaged in the production and marketing of metals and minerals, energy products, and agricultural products. The company operates globally with a focus on supplying raw materials to industrial consumers.
YTD Price Performance: -8.91%
Average Trading Volume: 40,242,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £39.11B
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