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GLENCORE PLC - GLN: Increase And Extension Of Share Buy_Back Programme.

Release Date: 25/09/2018 08:49
Code(s): GLN     PDF:  
Wrap Text
GLN: Increase And Extension Of Share Buy_Back Programme.

Glencore plc
Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64

Glencore plc
Baar, Switzerland
25 September, 2018

                            Increase and extension of Share buy-back programme

Further to our previous announcement and having regard to the approaching completion of the existing USD1 billion
Share buy-back programme, Glencore plc (the “Company”) announces an increase in the size of the programme by
an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of
dealings on 20 February 2019 (the day before the announcement of the Company’s 2018 full-year results) (the
increased and extended buyback programme being the “Programme”).

The Programme will be effected in accordance with the terms of the authority granted by shareholders at the 2018
AGM. It is currently intended that any ordinary shares of the Company purchased will be held in treasury. The
implementation of the Programme is in line with the Company's stated financial policies and thresholds.

As of 24 September 2018, 230,240,288 shares valued at $939.13 million have been purchased under the existing
programme.

The Company will enter into an agreement with an investment bank to conduct the Programme on its behalf and if
required to make trading decisions concerning purchases under the Programme independently of the Company.

Any buy-back of shares pursuant to the Programme will be effected in accordance with Chapter 12 of the UKLA
Listing Rules, the EU Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052
(and within the meaning of this Regulation the purpose of the Programme is to reduce the capital of the Company).
The market will be notified in accordance with those rules if and when purchases are made.



For further information please contact:
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 3320      charles.watenphul@glencore.com

Company Secretarial
John Burton                t: +41 41 709 2619       m: +41 79 944 5434      john.burton@glencore.com
Lionel Mateo               t: +41 41 709 2847       m: +41 79 152 0905      lionel.mateo@glencore.com


Follow us on social media:

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.

www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.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.



Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

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