Glencore buys back shares from UBS for cancellation program

Glencore Plc announced on August 26, 2025, that it purchased 9,300,000 of its ordinary shares from UBS AG on August 22, 2025. The gross price paid per share was CHF 3.1871, with a net price of CHF 2.0716 after a 35% Swiss withholding tax (SWT) deduction. The company will separately pay the deducted SWT to the Swiss Tax Authorities.

These shares are being acquired for cancellation. Following this transaction and cancellation, Glencore will have 11,888,290,959 shares in issue, representing the total voting rights. The company's treasury shareholding of 1,268,109,041 shares remains unchanged.

This off-market share purchase is part of Glencore's existing buyback program, which commenced on July 7, 2025, and is expected to conclude by February 2026, coinciding with the release of the 2025 financial results. The purchases are conducted under the company's general authority to buy back shares off-market and a contract with UBS dated July 17, 2025.