Glencore plc Purchases 3.25 Million Own Shares

Strategic Insights -

Glencore plc has announced that it has purchased 3,250,000 of its own ordinary shares on the London Stock Exchange from Citigroup Global Markets Limited. The share purchases are part of the company's existing buy-back programme, which aims to be completed by August 6, 2025. The shares will be held in treasury, and the total number of voting rights will be used by shareholders to calculate if they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.

Key Takeaways:

  • Glencore plc has purchased 3,250,000 of its own ordinary shares on the London Stock Exchange from Citigroup Global Markets Limited.
  • The share purchases are part of the company's existing buy-back programme, which aims to be completed by August 6, 2025.
  • The shares will be held in treasury, and the total number of voting rights will be used by shareholders to calculate if they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.
  • The lowest price paid per share was 266.35p, the highest price paid per share was 271.15p, and the volume-weighted average price paid per share was 268.49p.
  • The company currently holds 1,231,788,041 of its ordinary shares in treasury and has 11,993,211,959 ordinary shares in issue (excluding treasury shares).
  • The share purchases form part of the company's existing buy-back programme, which was announced on February 19, 2025.

Statistics:

  • 3,250,000: The number of shares purchased by Glencore plc.
  • 268.49p: The volume-weighted average price paid per share.
  • 266.35p: The lowest price paid per share.
  • 271.15p: The highest price paid per share.
  • 1,231,788,041: The number of shares held in treasury by the company.
  • 11,993,211,959: The number of ordinary shares in issue (excluding treasury shares).

Sources:

  • Johannesburg Stock Exchange company announcement dated May 19, 2025.
  • Absa Corporate and Investment Bank's role as sponsor of the buyback program.