REG - Glencore PLC - Notice to holders US $625m Non Dil. Cash-Settled

GlencoreAnnouncement

01/09/2022 09:00

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RNS Number : 9187X  Glencore PLC  01 September 2022

This press release relates to the disclosure of information that qualified, or
may have qualified, as inside information within the meaning of Article 7(1)
of the EU Market Abuse Regulation.

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OR
FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED), OR IN OR INTO AUSTRALIA, CANADA,
SOUTH AFRICA OR JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE
PROHIBITED BY APPLICABLE LAW

Glencore plc

Baar, Switzerland

1 Sept 2022

 

Notice to holders of the U.S.$625 million Non-Dilutive Cash-Settled Guaranteed
Convertible Bonds due 2025 issued by Glencore Funding LLC (the "Bonds", ISIN:
XS1799614232)

 

Capitalised terms used and not defined in this notice shall bear the meanings
given to them in the terms and conditions of the Bonds (the "Conditions").

Pursuant to the Conditions, Glencore plc ("Glencore"), through its subsidiary
Glencore Funding LLC (the "Issuer"), hereby notifies Bondholders that as a
result of the Cash Dividend of U.S.$0.24 per Ordinary Share payable on 22
September 2022 to Shareholders of record on 2 September 2022, the Calculation
Agent has determined that, effective 1 September 2022:

 * the Conversion Price is adjusted to £4.6942 (previously £4.8273) pursuant to
Condition 6(a) (ii) of the Conditions; and

 * the Conversion Ratio (pursuant to the definition thereof in the Conditions)
based on such  adjusted Conversion Price as aforesaid is 30,219.84577
(previously 29,386.61363).

 

 

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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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.

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