REG - Glencore PLC - 2024 H1 Distribution

GlencoreAnnouncement

10/05/2024 14:15

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RNS Number : 0306O  Glencore PLC  10 May 2024

Glencore plc

Baar, Switzerland

10 May 2024

2024 H1 Distribution

Determination of currency amounts

Glencore confirms that:

1. Subject to approval by shareholders at the 2024 AGM, it will make a return
of capital on 5 June 2024 to holders of record on the Jersey register at the
close of business on 3 May 2024.

2. This repayment is of US$0.065 per ordinary share and is to be made in US
dollars, although shareholders on the Jersey register who have opted for a
different currency by 7 May 2024 will receive their distribution payments in
either Pounds Sterling, Euros or Swiss Francs. Elections will remain in place
until revoked by the shareholder.

3. The Pound Sterling, Euro and Swiss Franc amounts payable are determined by
reference to the closing mid exchange rates applicable to the US dollar on 9
May 2024.

The following rates were published in the Financial Times guide to world
currencies today:

 GBP/USD  EUR/USD  USD/CHF
 1.2513   1.0776   0.9068

Accordingly, for non-US dollar payments the amount payable per share on 5 June
2024 will be approximately:

 Pounds Sterling  Euros     Swiss Francs
 0.051946         0.060319  0.058942

An announcement was made in South Africa on 22 April 2024 regarding the
determination of the South African Rand amount payable in respect of shares on
the Johannesburg register.

The distributions for 2024 may be deemed "qualified dividends" for US Federal
income tax purposes (subject to certain holding period requirements).
Distributions paid by the Company may constitute "qualified dividends" because
the Company is a "qualified foreign corporation" for US Federal income tax
purposes.

For further information please contact:

 Investors
 Martin Fewings     t: +41 41 709 28 80  m: +41 79 737 56 42  martin.fewings@glencore.com
 Media
 Charles Watenphul  t: +41 41 709 24 62  m: +41 79 904 33 20  charles.watenphul@glencore.com
 Company Secretarial
 John Burton        t: +41 41 709 26 19  m: +41 79 944 54 34  john.burton@glencore.com

www.glencore.com  Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource
companies and a major producer and marketer of more than 60 commodities that
advance everyday life. Through a network of assets, customers and suppliers
that spans the globe, we produce, process, recycle, source, market and
distribute the commodities that support decarbonisation while meeting the
energy needs of today.

With over 150,000 employees and contractors and a strong footprint in over 35
countries in both established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global network of more
than 50 offices.

Glencore's customers are industrial consumers, such as those in the
automotive, steel, power generation, battery manufacturing and oil sectors. We
also provide financing, logistics and other services to producers and
consumers of commodities.

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.

We will support the global effort to achieve the goals of the Paris Agreement
through our efforts to decarbonise our own operational footprint. We believe
that we should take a holistic approach and have considered our commitment
through the lens of our global industrial emissions. Against a restated 2019
baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions
by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and
we have an ambition to achieve net zero industrial emissions by the end of
2050, subject to a supportive policy environment. For more information see our
2024-2026 Climate Action Transition Plan and the About our emissions
calculation and reporting section in our 2023 Annual Report, available on our
website at glencore.com/publications (http://www.glencore.com/publications) ..

 

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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest
are separate and distinct legal entities. In this document, "Glencore",
"Glencore group" and "Group" are used for convenience only where references
are made to Glencore plc and its subsidiaries in general. These collective
expressions are used for ease of reference only and do not imply any other
relationship between the companies. Likewise, the words "we", "us" and "our"
are also used to refer collectively to members of the Group or to those who
work for them. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.

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