The latest announcement is out from Glencore ( (GB:GLEN) ).
Glencore PLC announced the repurchase of 3,000,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were bought at prices ranging from 297.05p to 303.15p, with a volume-weighted average price of 299.76p. These shares will be held in treasury, and the buy-back program is expected to conclude by August 2025. This transaction is part of Glencore’s strategy to manage its capital structure and provide value to shareholders, potentially impacting the company’s market positioning and shareholder interests.
More about Glencore
Glencore PLC is a multinational commodity trading and mining company, primarily engaged in the production and marketing of metals, minerals, energy products, and agricultural goods. The company operates globally, focusing on the extraction and trading of resources such as coal, copper, and zinc, and has a significant presence in the energy and agricultural markets.
YTD Price Performance: -15.78%
Average Trading Volume: 42,208,218
Technical Sentiment Signal: Buy
Current Market Cap: £35.92B
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