Share buy-back programme

2019 share buy-back programme

 

On 20 February 2019, Glencore plc announced a new $2 billion buyback programme, which will run until the end of 2019 (Programme). We will proactively look to top this up (in August, or otherwise) as market conditions support, including automatically from a targeted $1 billion of non-core asset disposal in 2019.

The Programme will be effected in accordance with the terms of the authority granted by shareholders at the 2018 AGM. Additionally, at its 2019 AGM, the Company will put to the vote of shareholders a resolution to renew this authority, on the same terms. It is currently intended that any ordinary shares of the Company purchased will be held in treasury.

Any buy-back of the Company's shares pursuant to the Programme will be effected in accordance with Chapter 12 of the UKLA Listing Rules, the EU Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (and within the meaning of this Regulation the purpose of the Programme is to reduce the capital of the Company). The market will be notified in accordance with those rules if and when purchases are made. 

Download running total for USD 2 billion share buy-back

 

Expired share buy-back programme

2018/19 share buy-back programme

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

The Programme will be effected in accordance with the terms of the authority granted by shareholders at the 2018 AGM. It is currently intended that any ordinary shares of the Company (the “Shares”) purchased will be held in treasury.

Any buy-back of the Shares pursuant to the Programme will be effected in accordance with Chapter 12 of the UKLA Listing Rules, the EU Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (and within the meaning of this Regulation the purpose of the Programme is to reduce the capital of the Company). The market will be notified in accordance with those rules if and when purchases are made. 

Download running total for USD 2 billion share buy-back