Glencore plc
Baar, Switzerland
12 November 2014
For filings with the FCA include the annex |
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For filings with issuer exclude the annex |
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer |
GLENCORE PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
No |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
No |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
No |
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An event changing the breakdown of voting rights |
No |
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Other (please specify): |
Change in delta applicable to instruments with similar economic effect to qualifying financial instruments. |
Yes |
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3. Full name of person(s) subject to the |
Qatar Holding LLC Qatar Investment Authority (as parent undertaking only) |
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4. Full name of shareholder(s) |
Qatar Holding LLC |
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5. Date of the transaction and date on |
10 November 2014 |
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6. Date on which issuer notified: |
12 November 2014 |
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7. Threshold(s) that is/are crossed or |
9% (downwards) |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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USD 0.01 Ordinary Shares
JE00B4T3BW64
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1,176,196,974 |
1,176,196,974 |
1,176,196,974 |
1,176,196,974 |
N/A |
8.919% |
N/A |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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N/A |
N/A |
N/A |
N/A |
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Options on ordinary shares |
N/A |
Dates starting 20 May 2015 and ending 30 Nov 2015 |
N/A |
9,986,747 (after delta adjustment) |
Nominal |
Delta |
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See section 13. |
0.076% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
1,188,211,868 |
8.996% |
9. Chain of controlled undertakings through which the voting rights and/or the |
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Qatar Holding LLC is the beneficial holder of the specified shares and voting rights in Glencore PLC. Qatar Holding LLC is established as a limited liability company in the Qatar Financial Centre ("QFC") and is licensed by the QFC Authority under License No. 00004. Qatar Holding LLC is wholly-owned by Qatar Investment Authority ("QIA") and makes this notification on behalf of itself and QIA. |
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease |
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12. Date on which proxy holder will cease to hold |
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On a nominal basis the voting rights underlying the options on ordinary shares total 33,465,000. The voting rights underlying the options on ordinary shares have been re-calculated on a delta-adjusted basis, as permitted by the Financial Conduct Authority's (the "FCA") Disclosure and Transparency Rules (the "DTRs").
As required under the FCA DTRs, this notification has been prepared using the total voting rights figure of 13,192,625,120 as set out in the public announcement made by Glencore Plc on 03 November 2014. |
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14. Contact name: |
Dr. Tariq Alsabbagh, Acting Director, Legal Department General Counsel, Qatar Holding LLC / Qatar Investment Authority
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15. Contact telephone number: |
+974.4499.5806 |
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For further information please contact:
Investor:
Paul Smith |
Martin Fewings |
Elisa Morniroli |
Media:
Charles Watenphul |
Finsbury |
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Company secretarial:
John Burton |
Nicola Barrett |
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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's companies employ around 200,000 people, including contractors.