Glencore boss buys ahead of close period

Glencore's chief executive Ivan Glasenberg continues building his stake in the commodity trading giant, this time spending £4.5m on shares.

He took 1.01m shares at 446.22p a time.

On Friday, Glencore said that Glasenberg had told the company that he will seek to buy shares up to the value of about $54m ahead of today, when a close period begins, meaning directors cannot buy shares. The purchase announced today was made yesterday.

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He has already bought 4.5m shares this week.

Top Director Buys

Glencore International (GLEN)

Director name: Mr Ivan Glasenberg

Amount purchased: 1,010,000 @ 446.22p

Value: £4,506,822

Breedon Aggregates Ltd. (BREE)

Director name: Ms Sally Ann (Susie) Farnon

Amount purchased: 200,000 @ 18.50p

Value: £37,000

MS International (MSI)

Director name: Mr Michael J Bell

Amount purchased: 10,000 @ 242.50p

Value: £24,250

Silverdell (SID)

Director name: Mr Sean Nutley

Amount purchased: 100,000 @ 10.00p

Value: £10,000

Top Director Sells

Aegis Group (AGS)

Director name: Mr Jerry Buhlmann

Amount sold: 12,897 @ 126.40p

Value: £16,302