Glencore Announces Significant Share Buyback Amid Ongoing Program

Glencore plc has made a substantial investment in its own shares, as part of its ongoing buyback program. The company purchased 900,000 ordinary shares through UBS AG, London Branch, with an average price of APS2.9891. This acquisition will increase Glencore's treasury stock to 1.29 billion shares, representing a significant move in the context of share repurchases.

Key Takeaways:

• Glencore acquired 900,000 ordinary shares at an average price of APS2.9891, ranging between APS2.9745 and APS3.0095.
• The purchased shares will be held in treasury, increasing the company's treasury stock to 1.29 billion shares.
• The company currently has approximately 11.93 billion ordinary shares in issue, excluding treasury shares, with 1.29 billion shares representing the total number of treasury shares.
• The share buyback is part of the second phase of an existing program, expected to conclude in February 2026, which was initially disclosed on July 7, 2025.
• The London Stock Exchange handled the largest volume of trading, with 560,000 shares traded at a volume-weighted average price of APS2.9894.
• BATS and Chi-X each accounted for 135,000 shares, while Aquis traded 70,000 shares.
• Glencore's strategic move aims to align with its broader financial objectives and market strategies.

Statistics:

• 900,000 shares were purchased at an average price of APS2.9891.
• The average price paid for the purchased shares ranged between APS2.9745 and APS3.0095.
• The total number of treasury shares held by Glencore is 1.29 billion.
• The company has approximately 11.93 billion ordinary shares in issue, excluding treasury shares.
• The London Stock Exchange handled 560,000 shares, with a volume-weighted average price of APS2.9894.
• BATS and Chi-X each traded 135,000 shares, while Aquis traded 70,000 shares.

Sources:

• Johannesburg Stock Exchange
• Glencore plc announcement on July 7, 2025