The ongoing US$1bn share buyback programme currently being undertaken by Glencore PLC (LON:GLEN) is being extended by US$1bn and will now complete on 20 February 2019, the day before the announcement of the company's 2018 full year results.
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It is currently intended that any ordinary shares of the company purchased will be held in treasury.
As of 24 September 2018, 230,240,288 shares valued at US$939.13 million have been purchased under the existing programme.
The company will enter into an agreement with an investment bank to conduct the programme on its behalf.
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.