Director / PDMR Shareholding

RNS Number : 2182Q

Glencore PLC

28 August 2014

 

Glencore plc

Baar, Switzerland

28^th August, 2014

Notification of transaction by connected person of Person Discharging Managerial Responsibilities (PDMR)

On 20 September 2013, the Company announced that, on 19 September 2013 FR Galaxy Holdings S.a.r.l (FR), a connected person of William Macaulay, a Director and PDMR of the Company, entered into a financing arrangement with Deutsche Bank AG, London Branch (Deutsche Bank) pursuant to which FR granted security over 149,159,999 ordinary shares in the capital of the Company (the Shares) in favour of Deutsche Bank (the Security Arrangement). Further details are set out in the Company's notification to the market made on 20 September.

Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, Glencore plc notifies that on 27 August 2014 FR notified the Company that:

1.   On 22 August 2014, Deutsche Bank transferred 25,357,200 of the Shares to FR for its own account, leaving 123,802,799 shares subject to the Security Arrangement;

2.   On 21 August, 11,717,835 Shares were sold at an average price per share of GBP3.6250;

3.   On 22 August, 5,650,000 Shares were sold at an average price per share of GBP3.6082; and

4.   On 26 August, 7,989,365 Shares were sold at an average price per share of GBP3.6127.

In aggregate, the transactions set out in 2-4 above add up to 25,357,200 Shares being sold at an average price per share of GBP3.6174.

All of the above transactions took place in London.

John Burton

Company Secretary

Glencore plc

For further information please contact:

Company secretarial:

John Burton t: [phone] m: [phone] e: [e-mail]

Nicola Barrett t: [phone] m: [phone] e: [e-mail]

Investor:

Paul Smith t: [phone] m: [phone] e: [e-mail]

Martin Fewings t: [phone] m: [phone] e: [e-mail]

Elisa Morniroli t: [phone] m: [phone] e: [e-mail]

Media:

Charles Watenphul t: [phone] m: [phone] e: [e-mail]

www.glencore.com

About Glencore

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 of over 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. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore employ around 200,000 people, including contractors.

 

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