Glencore announces USD 1bn share buy-back programme

Glencore plc announced a share buy-back programme of up to USD 1 billion, subject to market conditions. The programme, which commences immediately, aims to repurchase ordinary shares on the market with completion planned for February 2026, coinciding with the release of the company's financial results for the 2025 year. The initiative will be executed according to shareholder authorization granted at the 2025 AGM, allowing for the acquisition of up to 1,809,287,297 shares, reducing the company's share capital and holding purchased shares in treasury. UBS AG, London Branch, will manage the program, making trading decisions in accordance with Glencore's directions or, if unable, independently. Any repurchased shares will adhere to UK Listing Rules and EU Market Abuse Regulations. Glencore is also progressing alternative buy-back programme structures to safeguard capital contribution reserves and mitigate potential Swiss withholding tax effects.