To view the PDF file, sign up for a MySharenet subscription.

GLENCORE PLC - GLN - 2023 H1 Distribution - determination of currency amounts

Release Date: 15/05/2023 15:34
Code(s): GLN     PDF:  
Wrap Text
GLN - 2023 H1 Distribution - determination of currency amounts

Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
15 May 2023


2023 H1 Distribution - Determination of currency amounts


Glencore confirms that:
 1.   Subject to approval by shareholders at the 2023 AGM, it will make a return of capital on 1
      June 2023 to holders of record on the Jersey register at the close of business on 5 May
      2023.

 2.   This repayment is of US$0.22 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 9 May 2023
      will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs.
      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 12 May 2023.

The following rates were published in the Financial Times guide to world currencies today:
 GBP/USD              EUR/USD                USD/CHF
 1.2471               1.0862                 0.8969

Accordingly, for non-US dollar payments the amount payable per share on 1 June 2023 will be
approximately:
 Pounds Sterling      Euros                  Swiss Francs
 0.176409             0.202541               0.197318

An announcement was made in South Africa on 28 April 2023 regarding the determination of the
South African Rand amount payable in respect of shares on the Johannesburg register.
The distributions for 2023 may be deemed “qualified dividends” for US Federal income tax
purposes (subject to certain holding period requirements). Distributions paid by the Company
may constitute “qualified dividends” because the Company is a “qualified foreign corporation” for
US Federal income tax purposes.

For further information please contact:

Investors
Martin Fewings         t: +41 41 709 28 80   m: +41 79 737 56 42   martin.fewings@glencore.com

Media
Charles Watenphul      t: +41 41 709 24 62   m: +41 79 904 33 20   charles.watenphul@glencore.com

Company Secretarial
John Burton                 t: +41 41 709 26 19       m: +41 79 944 54 34       john.burton@glencore.com
Nicola Leigh                t: +41 41 709 27 55       m: +41 79 735 39 16       nicola.leigh@glencore.com
Lionel Mateo                t: +41 41 709 28 47       m: +41 79 152 09 05       lionel.mateo@glencore.com

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 commodities that advance everyday life. Through a network of assets,
customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute
the commodities that support decarbonisation while meeting the energy needs of today.
With around 140,000 employees and contractors and a strong footprint in over 35 countries in both
established and emerging regions for natural resources, our marketing and industrial activities are
supported by a global network of more than 40 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 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.
We recognise our responsibility to contribute to the global effort to achieve the goals of the Paris
Agreement by decarbonising our own operational footprint. We believe that we should take a holistic
approach and have considered our commitment through the lens of our global industrial emissions.
Against a 2019 baseline, we are committed to reducing our Scope 1, 2 and 3 industrial emissions by 15% by
the end of 2026, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions
by the end of 2050. For more detail see our 2022 Climate Report on the publication page of our website at
glencore.com/publications.
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
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.


Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 15-05-2023 03:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.