Glencore PLC 2021H1 Distribution determination currency amounts (2265X)

TIDMGLEN

RNS Number : 2265X

Glencore PLC

30 April 2021

Glencore plc

Baar, Switzerland

30 April 2021

2021 H1 Distribution - determination of currency amounts

Glencore confirms that:

1. as approved by shareholders at yesterday's AGM, it will make a return of capital on 21 May 2021 to holders of record on the Jersey register at the close of business on 23 April 2021

2. this repayment is of US$0.06 per ordinary share and is to be made in US dollars, although shareholders on the Jersey register who have opted for a different currency by 26 April 2021 will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they elected to receive payments in either Swiss francs, Sterling or Euros, or subscribe to the global payment service to elect to receive payments in the currency of their choosing (including Hong Kong Dollars), by 26 April 2021.

Elections will remain in place until revoked by the shareholder.

3. the Pound Sterling, Euro and Swiss Franc amounts payable are determined by reference to the closing mid exchange rates applicable to the US dollar on Thursday 29 April 2021.

The following rates were published in the Financial Times guide to world currencies today:

 
 GBP/USD   EUR/USD   USD/CHF 
 1.3946    1.2112    0.9111 
          --------  -------- 
 

Accordingly, for non US dollar payments the amount payable per share on 21 May 2021 will be approximately:

 
 Pounds Sterling   Euros      Swiss Francs 
 0.043023          0.049538   0.054666 
                  ---------  ------------- 
 

An announcement was made in South Africa on 19 April 2021 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

For further information please contact:

 
Investors 
Martin Fewings     t: [phone]  m: [phone]  [e-mail] 
Media 
Charles Watenphul  t: [phone]  m: [phone]  [e-mail] 
Company Secretarial 
John Burton        t: [phone]  m: [phone]  [e-mail] 
Nicola Leigh       t: [phone]  m: [phone]  [e-mail] 
Lionel Mateo       t: [phone]  m: [phone]  [e-mail] 
 

www.glencore.com

   Glencore LEI:   2138002658CPO9NBH955 

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 60 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 135,000 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. Our ambition is to be a net zero total emissions company by 2050.

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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.

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April 30, 2021 05:27 ET (09:27 GMT)