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19 Feb 2025 07:00
Glencore plc
Baar, Switzerland
19 February 2025
2025 Distribution Timetable
Glencore plc has today announced that its Board is recommending an aggregate distribution of US$0.10 per share in respect of the financial year ended 31 December 2024.
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 $0.05 payable in the first six months of the 2025 financial year (H1) and the second six months of the 2025 financial year (H2) in accordance with the following:
H1 Distribution Timetable
Distribution events | Dates (all 2025) |
Applicable exchange rate reference date (Johannesburg Stock Exchange (JSE)) | Wednesday, 16 April |
Applicable exchange rate announced on the JSE | Thursday, 17 April |
Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade | Friday, 25 April |
Last time to trade on JSE to be recorded in the register on record date | Friday, 25 April |
H1 Ex-Distribution date (JSE) | Tuesday, 29 April |
H1 Ex-Distribution date (Jersey) | Thursday, 1 May |
H1 Distribution Record Date for JSE | Friday, 2 May |
H1 Distribution Record Date in Jersey | Friday, 2 May |
Removal of shares between the Jersey and JSE registers permissible from | Monday, 5 May |
Deadline for return of currency election form (Shareholders on Jersey Register only) | Tuesday, 6 May |
Applicable exchange rate reference date (Jersey) | Thursday, 8 May |
Annual General Meeting Shareholders vote to approve aggregate Distribution for financial year ended 31 December 2024 | Wednesday, 28 May |
H1 Distribution payment date | Wednesday, 4 June |
Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Tuesday 29 April 2025 to Friday 2 May 2025, both days inclusive.
H2 Distribution Timetable
Distribution events | Dates (all 2025) |
Applicable exchange rate reference date (JSE) | Monday, 18 August |
Applicable exchange rate announced on the JSE | Tuesday, 19 August |
Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade | Tuesday, 26 August |
Last time to trade on JSE to be recorded in the register on record date | Tuesday, 26 August |
H2 Ex-Distribution date (JSE) | Wednesday, 27 August |
H2 Ex-Distribution date (Jersey) | Thursday, 28 August |
H2 Distribution Record Date for JSE | Friday, 29 August |
H2 Distribution Record Date in Jersey | Friday, 29 August |
Removal of shares between the Jersey and JSE registers permissible from | Monday, 1 September |
Deadline for return of currency election form (Shareholders on Jersey Register only) | Monday, 1 September |
Applicable exchange rate reference date (Jersey) | Thursday, 4 September |
H2 Distribution payment date | Friday, 19 September |
Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 27 August 2025 to Friday 29 August 2025, 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 Wednesday 28 May 2025.
Further information in relation to the JSE Listing Requirements will be announced on 17 April and 19 August 2025.
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 30 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. For more information see our 2024-2026 Climate Action Transition Plan, available on our website at glencore.com/publications.
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Important Information
This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2024 Half Year Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
Other information 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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