Glencore PLC H1 Distribution -determination of currency amounts (0784N)

TIDMGLEN

RNS Number : 0784N

Glencore PLC

03 May 2018

Glencore plc

Baar, Switzerland

3 May 2018

2018 H1 Distribution - determination of currency amounts

Glencore confirms that:

1. it will make a return of capital on 23 May 2018 to holders of record at the close of business on 27 April on the Jersey register.

2. this repayment, which was approved yesterday by shareholders, is of US$0.10 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 distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who hold via the Hong Kong Nominee will receive their distribution in Hong Kong Dollars.

4. 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 Wednesday 2 May 2018.

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

3 May 2018:

 
 GBP/USD   EUR/USD   USD/CHF   USD/HKD 
--------  --------  --------  -------- 
 1.3599    1.1956    0.9984    7.8498 
--------  --------  --------  -------- 
 

Accordingly, for non US dollar payments the amount payable per share on 23 May 2018 will be approximately:

 
 Pounds Sterling    0.073535 
-----------------  --------- 
 Euros              0.083640 
-----------------  --------- 
 Swiss Francs       0.099840 
-----------------  --------- 
 HK Dollars         0.784980 
-----------------  --------- 
 

An announcement was made in South Africa on 13 April regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

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.linkedin.com/company/8518

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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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May 03, 2018 11:15 ET (15:15 GMT)