REG - Glencore PLC - 2024 Distribution timetable

GlencoreAnnouncement

21/02/2024 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240221:nRSU9534Da&default-theme=true

RNS Number : 9534D  Glencore PLC  21 February 2024

Glencore plc

Baar, Switzerland

21 February 2024

 

2024 Distribution timetable

 

Glencore plc has today announced that its Board is recommending an aggregate
distribution of US$0.13 per share in respect of the financial year ended 31
December 2023.

Distributions will be declared and paid in U.S. dollars, although shareholders
on the Jersey register will be able to elect to receive their distribution
payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly
held shares through the Computershare Hong Kong nominee will receive
distribution payments in US dollars unless they make an election to receive
payments in Swiss francs, Sterling or Euros, or subscribe to the global
payment service to elect to receive payments in the currency of their choosing
(including Hong Kong Dollars), by the prescribed date. Elections will remain
in place until revoked by the shareholder.

Shareholders on the Johannesburg register will receive their distribution
payments in South African Rand.

Subject to shareholder approval, the distribution will be made from the
capital contribution reserves of the Company in two equal tranches of $0.065
payable in the first six months of the 2024 financial year (H1) and second six
months of the 2024 financial year (H2) in accordance with the following:

H1 Distribution Timetable

 Distribution events                                                            Dates (all 2024)
 Applicable exchange rate reference date (Johannesburg Stock Exchange (JSE))    Friday, 19 April
 Applicable exchange rate announced on the JSE                                  Monday, 22 April
 Last day to effect removal of shares cum distribution between Jersey and JSE   Monday, 29 April
 registers at commencement of trade
 Last time to trade on JSE to be recorded in the register on record date        Monday, 29 April
 H1 Ex-Distribution date (JSE)                                                  Tuesday, 30 April
 H1 Ex-Distribution date (Jersey)                                               Thursday, 2 May
 H1 Distribution Record Date for JSE                                            Friday, 3 May
 H1 Distribution Record Date in Jersey                                          Friday, 3 May
 Removal of shares between the Jersey and JSE registers permissible from        Monday, 6 May
 Deadline for return of currency election form                                  Tuesday, 7 May

 (Shareholders on Jersey Register only)
 Applicable exchange rate reference date (Jersey)                               Thursday, 9 May
 Annual General Meeting                                                         Wednesday, 29 May

 Shareholders vote to approve aggregate Distribution for financial year ended
 31 December 2023
 H1 Distribution payment date                                                   Wednesday, 5 June

Dematerialisation and rematerialisation of registered share certificates in
South Africa may not be effected during the period from Tuesday 30 April 2024
to Friday 3 May 2024, both days inclusive.

H2 Distribution Timetable

 Distribution events                                                             Dates (all 2024)
 Applicable exchange rate reference date (JSE)                                   Friday, 16 August
 Applicable exchange rate to be announced on the JSE                             Monday, 19 August
 Last day to effect removal of shares cum distribution between Jersey and JSE    Tuesday, 27 August
 registers at commencement of trade
 Last time to trade on JSE to be recorded in the register on record date         Tuesday, 27 August
 H2 Ex-Distribution date (JSE)                                                   Wednesday, 28 August
 H2 Ex-Distribution date (Jersey)                                                Thursday, 29 August
 H2 Distribution Record Date for JSE                                             Friday, 30 August
 H2 Distribution Record Date in Jersey                                           Friday, 30 August
 Deadline for return of currency election form (Shareholders on Jersey Register  Monday, 2 September
 only)
 Removal of shares between the Jersey and JSE registers permissible from         Monday, 2 September
 Applicable exchange rate reference date (Jersey)                                Thursday, 5 September
 H2 Distribution payment date                                                    Friday, 20 September

Dematerialisation and rematerialisation of registered share certificates in
South Africa may not be effected during the period from Wednesday 28 August
2024 to Friday 30 August 2024, both days inclusive.

For the purposes of the JSE Listing Requirements, this distribution is
considered final but remains subject to approval of shareholders at the
Company's AGM on 29 May 2024.

Further information in relation to the JSE Listing Requirements will be
announced on 22 April and 19 August 2024.

 

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

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 around 140,000 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 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.

We recognise our responsibility to contribute to the global effort to achieve
the goals of the Paris Agreement by decarbonising 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 2019 baseline, we are committed to reducing our Scope 1, 2 and 3
industrial emissions by 15% by the end of 2026, 50% by the end of 2035 and we
have an ambition to achieve net zero industrial emissions by the end of 2050.
For more detail see our 2022 Climate Report on the publication page of our
website at glencore.com/publications.

www.facebook.com/glencore

www.instagram.com/glencoreplc

www.linkedin.com/company/glencore

www.twitter.com/glencore

www.youtube.com/glencorevideos

 

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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAFAFAEKLEFA