India, July 7 -- Glencore plc (GLEN.L), a commodity trading and mining company, on Monday announced that it has launched a share buyback program worth up to $1 billion. The buyback is expected to be completed by the time of fiscal 2025 results announcement in February 2026.

The buyback will be carried out under the authority given by shareholders at the 2025 AGM, allowing the company to repurchase up to 1.81 billion shares. So far, 41.12 million shares have already been purchased.

The buyback program aims to reduce the company's share capital, and the repurchased shares are expected to be held in treasury.

Glencore has appointed UBS AG, London Branch, to carry out the buyback program. The bank will make trading decisions based on the com...