RE: Long / Buyback1 Mar 2019 19:53
TheFarEnd. The Glencore share buyback is different to the Lloyds share buyback. Glencore has specifically bought its own shares back, but not cancelled them in order to give them greater flexibility in managing their share capital leading to a reduction in their capital costs and then can be made available for sale, cash or transfer and cancellation at a later date.