Glencore PLC 2017 H2 Distribution (7664Q)

TIDMGLEN

RNS Number : 7664Q

Glencore PLC

14 September 2017

Glencore plc

Baar, Switzerland

14 September 2017

2017 H2 Distribution - determination of currency amounts

Glencore confirms that:

1. it will make a return of capital on 26 September 2017 to holders of record at the close of business on 8 September on the Jersey register and at the opening of business on 8 September on the Hong Kong branch register

2. this repayment is of US$0.035 per ordinary share

3. the repayment is to be made in US dollars, although shareholders on the Jersey register have been able to elect to receive their payments in Pounds Sterling, Euros or Swiss Francs. Shareholders on the Hong Kong branch register will receive their distributions in HK dollars

4. the Pound Sterling, Euro, Swiss Franc and HK dollar amounts payable are determined by reference to the closing mid exchange rates applicable to the US dollar on Wednesday 13 September 2017.

The following rates were published in the Financial Times guide to world currencies today, 14 September 2017:

 
 GBP/USD   EUR/USD   USD/CHF   USD/HKD 
--------  --------  --------  -------- 
 1.3230    1.1917    0.9633    7.8112 
--------  --------  --------  -------- 
 

Accordingly, for non US dollar payments the amount payable per share on 26 September 2017 will be approximately:

 
 Pounds Sterling    0.026455 
-----------------  --------- 
 Euros              0.029370 
-----------------  --------- 
 Swiss Francs       0.033716 
-----------------  --------- 
 HK Dollars         0.273392 
-----------------  --------- 
 

An announcement was made in South Africa on 30 August regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

 
 Company secretarial 
 John Burton             t: +41 41      m: +41 79     [e-mail] 
                         709 2619       944 5434 
 Nicola Leigh            t: +41 41      m: +41 79     [e-mail] 
                         709 2755       735 3916 
 Media 
 Charles Watenphul       t: +41 41      m: +41 79     [e-mail] 
                         709 2462       904 3320 
 Investors 
 Martin Fewings          t: +41 41      m: +41 79     [e-mail] 
                         709 2880       737 5642 
 Ash Lazenby             t: +41 41      m: +41 79     [e-mail] 
                         709 2714       543 3804 
 
 
 

www.glencore.com

Notes for Editors

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.

With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 155,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

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Disclaimer

The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 14, 2017 06:03 ET (10:03 GMT)