Date: 2 months ago   Category: Energy

Glencore has prolonged the program of redemption of stocks till February 20, 2019 — Rambler News Service


The Swiss trading company Glencore has prolonged the program of redemption of own stocks (buyback) till February 20, 2019 and has increased program volume by the sum up to $1 billion, it is said in the statement of the company. "In addition to our previous announcement and taking into account the coming end of the existing program of redemption of stocks for $ dollars 1 billion Glencore declares increase in the size of the program at the additional amount up to $1 billion and extension of period of validity of the program up to closing of the auction on February 20, 2019 (a day before the announcement of financial results for 2018)" — it is said in the statement. As of September 24, 2018 within the buyback program 230,24 million shares for the sum of $939,13 million have been acquired. Earlier the program of share repurchase of stocks of Glencore of $1 billion worked till December 31, 2018.

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