REG - Glencore PLC - 2022 H2 Distribution - currency amounts

GlencoreAnnouncement

09/09/2022 12:00

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RNS Number : 9604Y  Glencore PLC  09 September 2022

Glencore plc

Baar, Switzerland

9 September 2022

2022 H2 Distribution - determination of currency amounts

Glencore confirms the following:

1. On 28 April 2022, the shareholders resolved to pay an aggregate
distribution of US$0.26 per share in respect of the financial year ended 31
December 2021, payable in H1 and H2 in two equal tranches of US$0.13 per share
from the capital contribution reserves of the Company. On 4 August 2022, the
Company announced an additional distribution of US$0.11 per share to be paid
alongside the H2 distribution. Therefore, the aggregate distribution amount
for H2 will be US$0.24 per share, made from the capital contribution reserves
of the Company.

2. This repayment is to be made in US dollars, although shareholders on the
Jersey register who have opted for a different currency by 5 September 2022
will receive their distribution payments in either Pounds Sterling, Euros or
Swiss Francs. Shareholders who subscribed to the global payment service may
have elected by 5 September 2022 to receive payments in the currency of their
choosing. 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
Thursday 8 September 2022.

The following rates were published in the Financial Times guide to world
currencies on Thursday 8 September 2022:

 GBP/USD  EUR/USD  USD/CHF
 1.1489   0.9956   0.9734

Accordingly, for non-US dollar payments the amount payable per share on 22
September 2022 will be approximately:

 Pounds Sterling  Euros     Swiss Francs
 0.208895         0.241061  0.233616

An announcement was made on the JSE on 29 August 2022 regarding the
determination of the South African Rand amount payable in respect of shares on
the Johannesburg register.

 

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
 Nicola Leigh       t: +41 41 709 27 55  m: +41 79 735 39 16  nicola.leigh@glencore.com
 Lionel Mateo       t: +41 41 709 28 47  m: +41 79 152 09 05  lionel.mateo@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 responsibly -
sourced 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 enable decarbonisation
while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With 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 40 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.

Glencore recognises our responsibility to contribute to the global effort to
achieve the goals of the Paris Agreement. Our ambition is to be a net zero
total emissions company by 2050. In August 2021, we increased our medium-term
emission reduction target to a 50% reduction by 2035 and introduced a new
short-term target of a 15% reduction by 2026.

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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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