REG - Glencore PLC - Transaction in Own Shares

GlencoreAnnouncement

18/08/2025 07:00

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RNS Number : 6180V  Glencore PLC  18 August 2025

                                                          18 August 2025

 Transaction in own shares
 Glencore plc (the Company) announces the details of a purchase of its ordinary
 shares (Shares) from UBS AG (UBS).

 Date of purchase:                                        15 August 2025
 Number Shares purchased:                                 9,300,000
 Gross price paid per Share (CHF):                        CHF 3.2399
 Net price paid per Share (CHF):                          CHF 2.1059
 Indicative gross price paid per Share (GBP):             £2.9677
 The purchase price was paid in Swiss francs. A purely indicative GBP price per
 share is shown for information. Swiss withholding tax (SWT) at 35% was
 deducted by the Company from the gross price so that UBS received the net
 price. The Company shall separately pay the SWT it deducted to the Swiss Tax
 Authorities.
 The Company purchases the Shares for cancellation. Following this transaction
 (and cancellation upon settlement), the Company will have 11,897,590,959
 Shares in issue (excluding treasury Shares held in treasury), which
 corresponds to the total number of voting rights. It will also hold
 1,268,109,041 Shares in treasury (which is unchanged).
 This off-market Share purchase forms part of the Company's existing buy-back
 programme which commenced on 7 July 2025 and is expected to be completed by
 the time of the release of its financial results for the 2025 year in February
 2026. The off-market purchases within this buyback programme will be effected
 in accordance with the Company's general authority to purchase Shares
 off-market and the shareholder approved buyback contract with UBS dated 17
 July 2025 (the Contract).
 Details of the related purchases made by UBS AG of the relevant shares, for
 its own account, in connection with the buy-back programme on an aggregated
 basis in respect of each applicable trading venue, as well as detailed
 information of the individual trades, are set out in the table linked below.
 Both the volume-weighted average prices quoted under "Aggregated information
 (purchases)" and the individual trade prices under "Individual  trade details
 (purchases)" were not subject to SWT. These purchases of shares were conducted
 on-market and in accordance with the venue, price and volume restrictions
 specified in Regulation (EU) No 596/2014 (the Market Abuse Regulation), and
 UBS is authorised to undertake sales as well as purchases of Shares in order
 to meet its obligations pursuant to, and manage its equity exposure arising
 from, the Contract. The number of Shares that the Company purchases from UBS
 AG may therefore differ from the purchases of Shares reported. The number of
 shares purchased by the Company will be equal to, or fewer than, the number
 purchased by UBS AG.

 http://www.rns-pdf.londonstockexchange.com/rns/6180V_1-2025-8-16.pdf
 (http://www.rns-pdf.londonstockexchange.com/rns/6180V_1-2025-8-16.pdf)

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