Last checked at 13 Sep 2018 14:04
Glencore plc
Baar, Switzerland
13 September 2018
2018 H2 Distribution - determination of currency amounts
Glencore confirms that:
1. it will make a return of capital on 27 September 2018 to holders of record at the close of business on 7 September on the Jersey register
2. this repayment, which was approved by shareholders on 2 May 2018, is of US$0.10 per ordinary share
3. the repayment is to be made in US dollars, although shareholders on the Jersey register have been able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who hold via the Hong Kong Nominee will receive their distribution in Hong Kong Dollars
4. 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 12 September 2018.
The following rates were published in the Financial Times guide to world currencies today,13 September 2018:
GBP/USD | EUR/USD | USD/CHF | USD/HKD |
1.3023 | 1.1625 | 0.9711 | 7.8488 |
Accordingly, for non US dollar payments the amount payable per share on 27 September 2018 will be approximately:
Pounds Sterling | 0.076787 |
Euros | 0.086022 |
Swiss Francs | 0.097110 |
HK Dollars | 0.784880 |
An announcement was made in South Africa on 28 August 2018 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.
For further information please contact:
Distribution enquiries | |||
Lionel Mateo | t:+41 41 709 2847 | m: +41 79 150 0905 | lionel.mateo@glencore.com |
Investors | |||
Martin Fewings | t: +41 41 709 2880 | m: +41 79 737 5642 | martin.fewings@glencore.com |
Ash Lazenby | t: +41 41 709 2714 | m: +41 79 543 3804 | ash.lazenby@glencore.com |
Media | |||
Charles Watenphul | t: +41 41 709 24 62 | m: +41 79 904 33 20 | charles.watenphul@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 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 146,000 people, including contractors.
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.
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DisclaimerThe 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.