2023 Distribution timetable

RNS Number : 9875P

Glencore PLC

15 February 2023

 

Glencore plc

Baar, Switzerland

15 February 2023

2023 Distribution timetable

Glencore plc has today announced that its Board is recommending an aggregate distribution of US$0.44 per share in respect of the financial year ended 31 December 2022.

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 formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they make an election to receive payments in 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 the prescribed date. Elections will remain in place until revoked by the shareholder.

Shareholders on the Johannesburg register will receive their distribution payments 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 $0.22 payable in the first six months of the 2023 financial year (H1) and second six months of the 2023 financial year (H2) in accordance with the following:

H1 Distribution Timetable

Distribution events	Dates (all 2023)
Applicable exchange rate reference date (Johannesburg Stock Exchange (JSE))	Wednesday, 26 April
Applicable exchange rate announced on the JSE	Friday, 28 April
Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade	Tuesday, 2 May
Last time to trade on JSE to be recorded in the register on record date	Tuesday, 2 May
H1 Ex-Distribution date (JSE)	Wednesday, 3 May
H1 Ex-Distribution date (Jersey)	Thursday, 4 May
H1 Distribution Record Date for JSE	Friday, 5 May
H1 Distribution Record Date in Jersey	Friday, 5 May
Removal of shares between the Jersey and JSE registers permissible from	Monday, 8 May
Deadline for return of currency election form (Shareholders on Jersey Register only)	Tuesday, 9 May
Applicable exchange rate reference date (Jersey)	Friday, 12 May
Annual General Meeting Shareholders vote to approve aggregate Distribution for financial year ended 31 December 2022	Friday, 26 May
H1 Distribution payment date	Thursday, 1 June

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 3 May 2023 to Friday 5 May 2023, both days inclusive.

H2 Distribution Timetable

Distribution events	Dates (all 2023)
Applicable exchange rate reference date (JSE)	Friday, 25 August
Applicable exchange rate to be announced on the JSE	Monday, 28 August
Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade	Tuesday, 29 August
Last time to trade on JSE to be recorded in the register on record date	Tuesday, 29 August
H2 Ex-Distribution date (JSE)	Wednesday, 30 August
H2 Ex-Distribution date (Jersey)	Thursday, 31 August
H2 Distribution Record Date for JSE	Friday, 1 September
H2 Distribution Record Date in Jersey	Friday, 1 September
Deadline for return of currency election form (Shareholders on Jersey Register only)	Monday, 4 September
Removal of shares between the Jersey and JSE registers permissible from	Monday, 4 September
Applicable exchange rate reference date (Jersey)	Thursday, 7 September
H2 Distribution payment date	Friday, 22 September

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 30 August 2023 to Friday 1 September 2023, both days inclusive.

For the purposes of the JSE Listing Requirements, this distribution is considered final but remains subject to approval of shareholders at the Company's AGM on 26 May 2023.

Further information in relation to the JSE Listing Requirements will be announced on 28 April and 28 August 2023.

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. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that enable decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With 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.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased our medium-term emission reduction target to a 50% reduction by 2035 on 2019 levels and introduced a new short-term target of a 15% reduction by 2026 on 2019 levels.

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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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