Glencore repurchases 8m shares as buy-back programme continues

Glencore plc announced on September 29, 2025, a transaction to purchase 8,000,000 of its ordinary shares from UBS AG. The purchase occurred on September 26, 2025, at a gross price of CHF 3.5180 per share, with a net price of CHF 2.2867 after a 35% Swiss withholding tax deduction. The indicative gross price per share in GBP was £3.2875. The company will pay the Swiss withholding tax to the Swiss Tax Authorities separately.

These shares are being purchased for cancellation. Following this transaction, Glencore will have 11,844,016,854 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 an existing buy-back programme that began on July 7, 2025, and is expected to conclude by February 2026, coinciding with the release of the 2025 financial results.

The buy-back programme is executed in accordance with the company’s general authority to purchase shares off-market and a shareholder-approved buyback contract with UBS dated July 17, 2025. Absa Corporate and Investment Bank serves as the sponsor for this transaction.