An announcement from Glencore ( (GB:GLEN) ) is now available.
Glencore plc announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares, purchased at a volume-weighted average price of 270.24p, will be held in treasury, affecting the total number of voting rights. This transaction is part of a buy-back initiative expected to conclude by August 2025, which could impact shareholder interests and market perceptions of the company’s financial strategies.
More about Glencore
Glencore plc is a leading multinational commodity trading and mining company. It operates in the metals and minerals, energy products, and agricultural products sectors, focusing on the production and trading of commodities such as copper, zinc, nickel, coal, and oil.
YTD Price Performance: -19.93%
Average Trading Volume: 42,938,051
Technical Sentiment Signal: Strong Buy
Current Market Cap: £34.26B
Learn more about GLEN stock on TipRanks’ Stock Analysis page.