Glencore announces share buyback transaction on London Stock Exchange

Glencore plc (JSE:GLN) has announced the purchase of 3,250,000 of its ordinary shares in the market on June 11, 2025. The shares were bought back via Citigroup Global Markets Limited. The lowest price paid per share was GBP 290.65p, the highest price was GBP 297.40p, and the volume-weighted average price paid was GBP 294.45p. Following the transaction, Glencore holds 1,287,038,041 of its ordinary shares in treasury and has 11,937,961,959 ordinary shares in issue (excluding treasury shares). These share purchases are part of Glencore’s existing buy-back program, which is expected to be completed by August 6, 2025. In addition, 2,250,000 shares were purchased on the London Stock Exchange at a volume weighted average price of GBP 294.40p, 750,000 shares were purchased on BATS at GBP 294.56p and 250,000 shares were purchased on Chi-X at GBP 294.58p. Absa Corporate and Investment Bank acted as sponsor for this transaction.