Glencore PLC Notice to holders US $625m Non Dil. Cash-Settled (9187X)
September 01 2022 - 3:51AM
UK Regulatory
TIDMGLEN
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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE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 GBP4.6942 (previously GBP4.8273) 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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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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