RE: re the share buy back7 Jan 2023 08:43
NIMROD22
FOUND IT FOT YOU
14 October 2022
Glencore plc
Baar, Switzerland
14 October 2022
Cancellation of treasury shares
As the Company's cumulative treasury shares have been building up from its various buyback programmes, it is adopting a policy to reduce and maintain their numbers below 10% of total issued share capital from time to time. Accordingly, the Company announces today the cancellation of 500 million treasury shares.
The Company furthermore announces the transfer of 50 million treasury shares, for nil consideration, to the Company's employee benefit trust (EBT) to satisfy potential awards under the Company's employee share schemes.
Following these actions, as of opening of dealings today, the total number of ordinary shares in treasury was 1,088,074,958, representing approximately 8.4% of the Company's total issued share capital.
https://www.lse.co.uk/rns/GLEN/cancellation-of-treasury-shares-i9biy0blwungpj2.html