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Glencore plc Announces Share Repurchase on London Stock Exchange

Strategic Insights

— 1 min read

Glencore plc has announced its latest tranche of share repurchases, acquiring 2,121,000 ordinary shares on the London Stock Exchange at an average price of £285.64 per share. This purchase takes place within the company's ongoing share buy-back program, which is set to conclude by August 6, 2025. The acquired shares will be held in treasury, contributing to Glencore's total treasury shareholding of 1,292,409,041 shares and an outstanding share capital of 11,932,590,959 ordinary shares. This development is significant for shareholders and investors, particularly those who may need to notify changes in their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.

Key Takeaways:

  • Glencore plc has purchased 2,121,000 ordinary shares on the London Stock Exchange at an average price of £285.64 per share.
  • The purchased shares will be held in treasury by the company.
  • Following this transaction, Glencore holds a total of 1,292,409,041 treasury shares and an outstanding share capital of 11,932,590,959 ordinary shares.
  • The share purchases belong to an existing buy-back program announced on February 19, 2025, which is set to conclude by August 6, 2025.
  • This development is relevant for shareholders who might need to declare changes in their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
  • The aggregated information shows that the purchases were distributed across the London Stock Exchange, BATS, and Chi-X, at respective average prices of £285.65p, £285.63p, and £285.59p.
  • The full schedule of purchases by Citigroup Global Markets Limited is provided, detailing each trade's specific details.

Statistics:

  • Total shares repurchased: 2,121,000 ordinary shares.
  • Average price paid per share: £285.64.
  • Volume weighted average price across all trading venues: £285.65p.
  • Total treasury shares: 1,292,409,041.
  • Outstanding share capital: 11,932,590,959 ordinary shares.
  • Share buy-back program completion date: August 6, 2025.
  • Announcement date for the buy-back program: February 19, 2025.

Sources:

  • Johannesburg Stock Exchange announcement, June 16, 2025.

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