NOT FOR PUBLICATION, DISTRIBUTION OR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
29 August 2024
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.$0.065 per Ordinary
Share payable on 20 September 2024 to Shareholders of record on 30
August 2024, the Calculation Agent has determined that, effective
29 August 2024:
· the
Conversion Price is adjusted to £4.4619 (previously £4.4371)
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
31,793.18228 (previously 31,970.88188).
For further information please
contact:
|
Investors
|
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Martin Fewings
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t: +41 41 709 28 80
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m: +41 79 737 56 42
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martin.fewings@glencore.com
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|
Media
|
|
Charles Watenphul
|
t: +41 41 709 24 62
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m: +41 79
904 33 20
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charles.watenphul@glencore.com
|
|
Company Secretarial
|
|
John Burton
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t: +41 41 709 26 19
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m: +41 79 944 54 34
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john.burton@glencore.com
|
|
Nicola Leigh
|
t: +41 41 709 27 55
|
m: +41 79 735 39 16
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nicola.leigh@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 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 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. We believe that we
should take a holistic approach and have considered our commitment
through the lens of our global industrial emissions. Against a
restated 2019 baseline, we are targeting to reduce our Scope 1, 2
and 3 industrial emissions by 15% by the end of 2026, 25% by the
end of 2030, 50% by the end of 2035 and we have an ambition to
achieve net zero industrial emissions by the end of 2050, subject
to a supportive policy environment. For more information see our
2024-2026 Climate Action Transition Plan and the About our
emissions calculation and reporting section in our 2023 Annual
Report, available on our website at
glencore.com/publications.
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
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.