2017 H1 Distribution - Currency Amounts

RNS Number : 5667F

Glencore PLC

18 May 2017

 

Glencore plc

Baar, Switzerland

18 May 2017

2017 H1 Distribution - determination of currency amounts

Glencore confirms that:

1. it proposes to make a return of capital on 31 May 2017 to holders of record at the close of business on 12 May on the Jersey register and at the opening of business on 12 May on the Hong Kong branch register

2. this proposed repayment, which is subject to shareholder approval on 24 May, 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 17 May 2017.

The following rates were published in the Financial Times guide to world currencies today, 18 May 2017:

GBP/USD	EUR/USD	USD/CHF	USD/HKD
1.2973	1.1147	0.9790	7.7875

Accordingly, for non US dollar payments the amount payable per share on 31 May 2017 will be approximately:

Pounds Sterling	0.026979
Euros	0.031399
Swiss Francs	0.034265
HK Dollars	0.272563

An announcement was made in South Africa on 2 May regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register. 

Company secretarial
John Burton		t: [phone]		m: [phone]		[e-mail]
Nicola Leigh		t: [phone]		m: [phone]		[e-mail]
Media
Charles Watenphul		t: [phone]		m: [phone]		[e-mail]
Pam Bell		t: [phone]		m: [phone]		[e-mail]
Investors
Martin Fewings		t: [phone]		m: [phone]		[e-mail]
Carlos Francisco Fernandez		t: [phone]		m: [phone]		[e-mail]

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.

 

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