Distrib. of shares in Lonmin-Managed sale outcome

RNS Number : 3360P

Glencore PLC

05 June 2015

 

Glencore plc

Baar, Switzerland

5 June, 2015

Distribution of shares in Lonmin plc-Managed Sale outcome

Further to Glencore plc's (the Company) circular to shareholders in April and subsequent announcements, Glencore announces that the Managed Sale (as defined in the circular) has been completed and proceeds converted into applicable currencies in accordance with existing elections as follows:

Number of shares sold in Lonmin plc (Lonmin): 3,983,350

Approximate currency translation rates against GBP:

USD	CHF	Euro	ZAR	HKD
1.5327	1.4318	1.3773	18.7521	11.8888

Approximate net proceeds of sale per Lonmin share:

Pounds Sterling	1.3837
US Dollars	2.1208
Swiss Francs	1.9812
Euro	1.9058
South African Rand	25.9482
Hong Kong Dollar	16.4511

These proceeds are payable in accordance with the distribution ratio of approximately 1.079134 Lonmin shares for every 100 Glencore shares held.

As previously notified, on 9 June:

1.   the applicable proceeds of the Managed Sale will be paid to the relevant shareholders;

and

2.   the remaining shareholders will have the distribution shares in Lonmin remitted to them.

For further information please contact:

Company secretarial:

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

Investor:

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] k

www.glencore.com

 www.youtube.com/glencorevideos 

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's companies employ around 181,000 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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