Glencore PLC 2022 H2 Distribution - currency amounts (9604Y)
September 09 2022 - 5:47AM
UK Regulatory
TIDMGLEN
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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