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GLENCORE PLC - Notification of transaction by connected person of Person Discharging Managerial Responsibilities

Release Date: 28/08/2014 10:49
Code(s): GLN     PDF:  
Wrap Text
Notification of transaction by connected person of Person Discharging Managerial Responsibilities

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

Baar, Switzerland
28th August, 2014

Notification of transaction by connected person of Person Discharging Managerial
Responsibilities (PDMR)

On 20 September 2013, the Company announced that, on 19 September 2013 FR Galaxy
Holdings S.a.r.l (FR), a connected person of William Macaulay, a Director and PDMR of the
Company, entered into a financing arrangement with Deutsche Bank AG, London Branch
(Deutsche Bank) pursuant to which FR granted security over 149,159,999 ordinary shares in
the capital of the Company (the Shares) in favour of Deutsche Bank (the Security
Arrangement). Further details are set out in the Company’s notification to the market made on
20 September.

Pursuant to the Company’s obligations under Disclosure and Transparency Rule 3.1.4,
Glencore plc notifies that on 27 August 2014 FR notified the Company that:

    1. On 22 August 2014, Deutsche Bank transferred 25,357,200 of the Shares to FR for its
       own account, leaving 123,802,799 shares subject to the Security Arrangement;
    2. On 21 August, 11,717,835 Shares were sold at an average price per share of
       GBP3.6250;
    3. On 22 August, 5,650,000 Shares were sold at an average price per share of
       GBP3.6082; and
    4. On 26 August, 7,989,365 Shares were sold at an average price per share of
       GBP3.6127.

In aggregate, the transactions set out in 2-4 above add up to 25,357,200 Shares being sold at
an average price per share of GBP3.6174.

All of the above transactions took place in London.

John Burton
Company Secretary
Glencore plc

For further information please contact:

Company secretarial:
John Burton                         Nicola Barrett
t: +41 (0) 41 709 2619              t: +41 (0) 41 709 2755
m: +41 (0) 79 944 5434              m: +41 (0) 79 735 3916
e: john.burton@glencore.com         e: nicola.barrett@glencore.com
Investor:
Paul Smith                          Martin Fewings                      Elisa Morniroli
t: +41 (0) 41 709 2487              t: +41 (0) 41 709 2880              t: +41 (0) 41 709 2818
m: +41 (0) 79 947 1348              m: +41 (0) 79 737 5642              m: +41 (0) 79 833 0508
e: paul.smith@glencore.com          e: martin.fewings@glencore.com      e: elisa.morniroli@glencore.com

Media:
Charles Watenphul
t: +41 (0) 41 709 2462
m: +41 (0) 79 904 3320
e: charles.watenphul@glencore.com

www.glencore.com

About Glencore
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 of over 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. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore employ around 200,000 people, including contractors.

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

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