Merger Update

RNS Number : 4830D

Glencore International PLC

29 April 2013

 



29 April 2013

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 - Court Sanction of Scheme of Arrangement

Glencore notes today's announcement by Xstrata confirming that the High Court of Justice of England and Wales has today sanctioned the New Scheme to effect the Merger of Glencore and Xstrata.

The New Scheme and Merger are expected to become effective on 2 May 2013, subject to completion of the court process as set out in the New Scheme Document published by Xstrata on 25 October 2012.

The expected timetable in connection with the Merger is now as follows (London times):

Last day of dealings in, and registration of transfers of, and disablement in CREST of, Xstrata Shares				30 April 2013
Reduction Court Hearing to confirm the Reduction of Capital				1 May 2013
Scheme Record Time				6.00 p.m. on 1 May 2013
Effective Date				2 May 2013
Delisting of Xstrata Shares				by 8.00 a.m. on 3 May 2013
Issue and listing of the New Glencore Shares (and crediting of the New Glencore Shares in uncertificated form to CREST accounts)(1)				8.00 a.m. on 3 May 2013
Admission and commencement of dealings on the London Stock Exchange of the New Glencore Shares				by 8.00 a.m. on 3 May 2013
Posting of share certificates for the New Glencore Shares (where applicable)				by no later than 16 May 2013
	Note:
	(1)     Hong Kong Admission is expected to occur with effect from 9.30 a.m. (Hong Kong time) on 6 May 2013.

Capitalised terms used in this announcement, unless defined herein, have the same meanings as set out in the prospectus published by Glencore dated 31 May 2012, as supplemented by the Supplementary Prospectuses.

For enquiries about Glencore, please contact:

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

 

 

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