Glencore Boosts Value: Own Share Buyback Success

  • Glencore plc completes buyback, purchasing 1,930,000 of its own shares from UBS AG, enhancing shareholder value.
  • Transaction spans multiple trading venues, with average price per share at £4.5551, optimizing capital structure.
  • Company now holds 1,314,823,041 shares in treasury, part of ongoing buyback program, reinforcing commitment to shareholder returns.

Glencore plc has successfully executed a significant transaction involving the purchase of its own ordinary shares. This move comes as part of the company’s ongoing share buyback program, aimed at enhancing shareholder value and optimizing its capital structure.

On August 9, 2023, Glencore plc completed the purchase of a substantial number of its ordinary shares with a nominal value of USD 0.01 each on the London Stock Exchange. The shares were acquired from UBS AG, London Branch, one of the leading investment firms. This strategic transaction was a continuation of the company’s existing buyback program, with the recently acquired shares set to be held in treasury.

The table below provides an overview of the transaction details:

Date of PurchaseAggregate Number of Shares PurchasedLowest Price per Share (GBP)Highest Price per Share (GBP)Volume Weighted Average Price per Share (GBP)
August 9, 20231,930,000£4.5105£4.6000£4.5551

These share purchases were executed across various trading venues, including the London Stock Exchange, BATS, and Chi-X, reflecting the company’s commitment to transparency and efficient market operations. The aggregate volume weighted average price across these venues stood at £4.5548 for shares purchased on the London Stock Exchange, £4.5556 for shares on both BATS and Chi-X, and no transactions on Aquis.

This recent transaction significantly impacts Glencore plc’s shareholding structure. Following the buyback, the company now holds a total of 1,314,823,041 ordinary shares in treasury. When factoring in the treasury shares, the company has a total of 12,385,176,959 ordinary shares in issue. This number represents the total voting rights attributable to these shares and serves as a key metric for shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules.

The successful execution of this share buyback aligns with Glencore’s ongoing efforts to optimize its capital allocation and return value to its shareholders. The buyback program, announced on August 8, 2023, is expected to continue until February 2024, marking the second phase of the initiative. The first phase of the program aimed at repurchasing shares in the market was completed earlier, underscoring the company’s commitment to creating sustainable long-term value.

Glencore’s buyback strategy is consistent with its overarching corporate objectives, emphasizing prudent financial management and disciplined allocation of resources. By repurchasing its own shares at opportune price levels, the company aims to bolster investor confidence and deliver enhanced returns over time.

Investors and industry experts are closely watching Glencore’s strategic moves, as the company navigates dynamic market conditions and leverages its position as a global leader in the natural resources sector.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.