Glencore buys back 8m shares from UBS for cancellation

Glencore plc purchased 8,000,000 of its ordinary shares from UBS AG on 19 September 2025. The gross price paid per share was CHF 3.3192, with a net price of CHF 2.1575 after a 35% Swiss withholding tax deduction.

These shares were acquired for cancellation, which will result in Glencore having 11,852,016,854 shares in issue, representing the total voting rights. The company's treasury shares remain unchanged at 1,268,109,041.

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