Glencore buys back 10.9m shares for cancellation

Glencore plc disclosed the purchase of 10,951,423 of its ordinary shares from UBS AG on September 5, 2025. The transaction was conducted at a gross price of CHF 3.1185 per share and a net price of CHF 2.0270 per share. Swiss withholding tax of 35% was deducted by Glencore, with the company responsible for remitting this to Swiss tax authorities.

The repurchased shares are intended for cancellation. Following this settlement, Glencore will have 11,869,316,854 shares in issue, representing the total number of voting rights. The company's treasury holdings of 1,268,109,041 shares remain unchanged.

This off-market share purchase is part of Glencore's buy-back program, which began on July 7, 2025, and is expected to conclude by February 2026, coinciding with the release of its 2025 financial results. The program adheres to the company's general authority for off-market share purchases and a shareholder-approved buyback contract with UBS dated July 17, 2025.