Glencore chief executive Ivan Glasenberg has stayed true to his promise to buy more shares in the commodity trading house, splashing out £13.5m.
The purchase comes after Glencore announced on Friday that he had spent £10m on shares. 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 21 September, when a close period begins, meaning directors cannot buy shares.
In his purchase today, Glasenburg took 3m shares at 448.7p a time. In the purchase announced on Friday, he took 2.25m shares at an average price of 435p a share.
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