Glencore PLC 2018 Distribution Timetable (4431F)

TIDMGLEN

RNS Number : 4431F

Glencore PLC

21 February 2018

Glencore plc

Baar, Switzerland

21 February 2018

2018 Distribution Timetable

Glencore plc has today announced that its Board is recommending an aggregate distribution of US$0.20 per share in respect of the 2017 financial year ended 31 December.

Distributions will be declared and paid in U.S. dollars, although Shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who hold shares on the Jersey Register, through the Computershare HK Nominee, will receive their distribution payment in Hong Kong Dollars, converted on the Jersey applicable exchange rate reference date. Shareholders on the Johannesburg register will receive their distributions in South African Rand.

Subject to shareholder approval, the distribution will be made from the capital contribution reserves of the Company in two equal tranches of $0.10 payable in the first six months of the 2018 financial year (H1) and second six months of the 2018 financial year (H2) in accordance with the following:

H1 Distribution Timetable

 
 Distribution event                  Date (all 2018) 
 Applicable exchange rate            Close of business (UK) 
  reference date (Johannesburg        Thursday 12 April 
  Stock Exchange (JSE)) 
                                    ----------------------- 
 Applicable exchange rate            Friday 13 April 
  announced on the JSE 
                                    ----------------------- 
 Last day to effect removal          Friday 13 April 
  of shares cum distribution 
  between Jersey and JSE registers 
  at commencement of trade 
                                    ----------------------- 
 Last time to trade on JSE           Close of business (SA) 
  to be recorded in the register      Monday 23 April 
  on record date 
                                    ----------------------- 
 H1 Ex-Distribution date (JSE)       Tuesday 24 April 
                                    ----------------------- 
 H1 Ex-Distribution date (Jersey)    Thursday 26 April 
                                    ----------------------- 
 H1 Distribution Record Date         Close of business (SA) 
  for JSE                             Thursday 26 April 
                                    ----------------------- 
 H1 Distribution Record Date         Close of business (UK) 
  in Jersey                           Friday 27 April 
                                    ----------------------- 
 Deadline for return of currency     Monday 30 April 
  election form (Shareholders 
  on Jersey Register only) 
                                    ----------------------- 
 Removal of shares between           Monday 30 April 
  the Jersey and JSE registers 
  permissible from 
                                    ----------------------- 
 Applicable exchange rate            Wednesday 2 May 
  reference date (Jersey) 
                                    ----------------------- 
 Annual General Meeting -            Wednesday 2 May 
  Shareholder vote to approve 
  aggregate 2018 Distribution 
                                    ----------------------- 
 H1 Distribution payment date        Wednesday 23 May 
                                    ----------------------- 
 

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Tuesday 24 April 2018 to Thursday 26 April 2018, both days inclusive.

H2 Distribution Timetable

 
 Distribution event                  Date (all 2018) 
 Applicable exchange rate            Close of business (UK) 
  reference date (JSE)                Monday 27 August 
                                    ----------------------- 
 Applicable exchange rate            Tuesday 28 August 
  to be announced on the JSE 
                                    ----------------------- 
 Last day to effect removal          Tuesday 28 August 
  of shares cum distribution 
  between Jersey and JSE registers 
  at commencement of trade 
                                    ----------------------- 
 Last time to trade on JSE           Close of business (SA) 
  to be recorded in the register      Tuesday 4 September 
  on record date 
                                    ----------------------- 
 H2 Ex-Distribution date (JSE)       Wednesday 5 September 
                                    ----------------------- 
 H2 Ex-Distribution date (Jersey)    Thursday 6 September 
                                    ----------------------- 
 H2 Distribution Record Date         Close of business (SA) 
  for JSE                             Friday 7 September 
                                    ----------------------- 
 H2 Distribution Record Date         Close of business (UK) 
  in Jersey                           Friday 7 September 
                                    ----------------------- 
 Deadline for return of currency     Monday 10 September 
  election form (Shareholders 
  on Jersey Register only) 
                                    ----------------------- 
 Removal of shares between           Monday 10 September 
  the Jersey and JSE registers 
  permissible from 
                                    ----------------------- 
 Applicable exchange rate            Wednesday 12 September 
  reference date (Jersey) 
                                    ----------------------- 
 H2 Distribution payment date        Thursday 27 September 
                                    ----------------------- 
 

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 5 September 2018 to Friday 7 September 2018, both days inclusive.

For the purposes of the JSE Listing Requirements, this distribution is considered a final distribution. Further information in relation to the JSE Listing Requirements will be announced on 13 April and 28 August.

For further information please contact:

 
Distribution enquiries 
Nicola Leigh       t:[phone]    m: [phone]   [e-mail] 
Investors 
Martin Fewings     t: [phone]   m: [phone]   [e-mail] 
Ash Lazenby        t: [phone]   m: [phone]   [e-mail] 
Media 
Charles Watenphul  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 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 146,000 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.

www.facebook.com/Glencore

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www.instagram.com/glencoreplc

www.linkedin.com/company/8518

www.slideshare.net/glencore

www.twitter.com/glencore

www.youtube.com/glencorevideos

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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February 21, 2018 02:00 ET (07:00 GMT)