Notification of transactions of PDMR

RNS Number : 6133N

Glencore PLC

19 May 2015

 

Glencore plc

Baar, Switzerland

19 May, 2015

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

Glencore plc (Glencore or the Company) announces that pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, on 18 May 2015, FR Galaxy Holdings S.a.r.l (FR), a connected person of William Macaulay, a Director and PDMR of the Company, notified the Company that FR:

1.   on 12 May sold 22,172,511 shares at an average price per share of GBP3.016;

2.   on 13 May sold 4,139,740 shares at an average price per share of GBP3.015;

3.   on 14 May sold 1,499,095 shares at an average price per share of GBP3.010; and

4.   on 15 May sold 163,004 shares at an average price per share of GBP3.011 (together the Transactions).

All of the above Transactions took place in London.

In aggregate, the Transactions set out in 1-4 above totalled 27,974,350 shares being sold at an average price per share of GBP3.016.

As a result of the Transactions, 42,071,878 shares remain held by FR. These shares remain held subject to the financing arrangement with Deutsche Bank AG, London Branch (Deutsche Bank), pursuant to which FR granted security over its shares in the Company in favour of Deutsche Bank, as announced by the Company on 20 September 2013.

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]

Pam Bell t: [phone] m: [phone] e: [e-mail]

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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