Glencore ( (GB:GLEN) ) has provided an update.
Glencore plc announced the repurchase of 3.5 million of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is set to conclude by August 2025. This transaction, executed through Citigroup Global Markets Limited, is part of Glencore’s strategy to manage its capital structure and enhance shareholder value, reflecting the company’s robust financial position and commitment to returning capital to shareholders.
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 commodities. The company operates on a global scale, focusing on the supply chain of raw materials and resources.
YTD Price Performance: -32.97%
Average Trading Volume: 44,224,228
Technical Sentiment Signal: Strong Buy
Current Market Cap: £28.54B
See more data about GLEN stock on TipRanks’ Stock Analysis page.