Merger Update Results of Glencore General Meeting

RNS Number : 5395R

Glencore International PLC

20 November 2012

 



20 November 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

NEWS RELEASE

Glencore International plc

Merger Update - Results of Glencore General Meeting

Glencore announces that all of the resolutions proposed at the Adjourned Glencore General Meeting held earlier today in connection with the recommended all-share merger with Xstrata were approved.

Resolutions 1 and 3 were put to the meeting in amended form, the full text of which is set out in the supplementary circular to shareholders dated 25 October 2012. The resolutions authorising Resolutions 1 and 3 to be put to the meeting in amended form were duly passed.

The voting on the substantive resolutions proposed were taken on a poll and the results were as follows:

Resolution	Number of votes for	Number of votes against	Number of votes withheld
Resolution 1 (Ordinary Resolution)  - approval of the Merger and allotment of shares in connection therewith (as amended)	4,927,927,299 (99.42%)	28,884,644 (0.58%)	12,598,788
Resolution 2 (Special Resolution) - change of company name	4,822,017,113 (97.17%)	140,643,921 (2.83%)	6,749,698
Resolution 3 (Ordinary Resolution)  - authority to allot ordinary shares (as amended)	4,896,255,248 (98.71%)	63,739,726 (1.29%)	9,415,757
Resolution 4 (Special Resolution) - authority to allot equity securities	4,926,904,855 (99.34%)	32,628,555 (0.66%)	9,877,321
Resolution 5 (Special Resolution) - market purchases of ordinary shares	4,927,923,203 (99.35%)	32,400,386 (0.65%)	9,087,142

The full text of the resolutions as originally proposed is contained in the notice of the Adjourned Glencore General Meeting dated 25 October 2012 and the full text of the resolutions as proposed and passed at the meeting is contained in the supplementary circular to shareholders dated 25 October 2012.

Completion of the Merger remains conditional upon, amongst other things, approval of the Merger by Xstrata shareholders, certain regulatory approvals and completion of the Court process as further set out in the New Scheme Document in connection with the Merger published by Xstrata on 25 October 2012, which supplements the Scheme Document published on 31 May 2012 and the Supplementary Scheme Document published on 8 August 2012.

Copies of the resolutions will be submitted to the National Storage Mechanism and will be available for inspection at: www.hemscott.com/nsm.do.

For enquiries about Glencore, please contact:

Paul Smith (Investors)	Charles Watenphul (Media)	John Burton (Company Secretary)
t: [phone]	t: [phone]	t: [phone]
m: [phone]	m:[phone]	m: [phone]
e: [e-mail]	e:[e-mail]	e:[e-mail]
Elisa Morniroli (Investors)	RLM Finsbury (Media)
t: [phone]	Guy Lamming
m: [phone]	Dorothy Burwell
e: [e-mail]	T: [phone]

Publication on Website

A copy of this announcement will be available on Glencore's website (www.glencore.com) by no later than 12 noon (London time) on the business day following the date of this announcement.

You may request a hard copy of this announcement, free of charge, by contacting the Company Secretary of Glencore, John Burton, at [e-mail]. You may also request that all future documents, announcements and information to be sent to you in relation to the Merger should be in hard copy form.

 

END

 

 

ROMFEASUSFESESF