To view the PDF file, sign up for a MySharenet subscription.

GLENCORE PLC - Interim distribution

Release Date: 28/08/2015 12:45
Code(s): GLN     PDF:  
Wrap Text
Interim distribution

 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
 28 August 2015

 NOTICE OF DISTRIBUTION CURRENCY EXCHANGE RATES (SOUTH AFRICAN RAND) -
 INTERIM DISTRIBUTION FOR THE HALF-YEAR ENDED 30 JUNE 2015

 In Glencore's half year results announcement released on the Stock Exchange News Service of the JSE Limited on
 19 August 2015, the board of directors declared an interim distribution of US$0.06 per ordinary share.

 The currency exchange rate applicable for the distribution payable to shareholders on the Glencore plc South
 African branch register has been determined by reference to the close of business exchange rate applicable to the
 South African Rand on Thursday 27 August 2015. This rate is as follows:


Distribution of US$0.06 per ordinary                                          Distribution per ordinary Glencore
                                     Exchange Rate
Glencore share                                                                share in South African Rand


South African Rand                     13.0784                                ZAR 0.7847



 Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during
 the period from Monday, 7 September 2015, to Friday, 11 September 2015, both days inclusive, nor will transfers
 between the Jersey register and the South African register be permitted between Friday, 4 September 2015, and
 Friday, 11 September 2015, both dates inclusive.

 The interim distribution will be paid on Tuesday, 29 September 2015.

 Additional information for South African shareholders

 Following the introduction of Dividend Tax in South Africa, the JSE Listing Requirements were amended with effect
 from 1 April 2012 to require the disclosure of additional information in relation to the distribution payment. The
 purpose of this note is to provide that additional information.


 1.   Dividend Tax will be withheld from the amount of the gross interim distribution of ZAR 0.117705 South African
      Rand per ordinary share paid to shareholders on the South African branch register at the rate of 15 per cent,
      unless a shareholder qualifies for an exemption.

 2.   After the Dividend Tax has been withheld, the net distribution will be ZAR 0.666995 South African Rand per
      ordinary share.

 3.   Glencore had a total of 13,278,405,466 ordinary shares in issue at the distribution declaration date of 19
      August 2015.

 4.   With specific reference to South Africa, Glencore, as a non-resident, was not subject to the secondary tax on
      companies (STC) regime which used to be applicable and therefore no STC credits are available for set-off
      against the Dividend Tax liability on the interim distribution. The distribution will be paid out of Glencore's
      capital reserves.
    
5.   For the avoidance of doubt, Dividend Tax, and therefore the information provided in this announcement, is of
     only direct application to shareholders on the South African branch register.


Shareholders on the South African branch register who are in any doubt as to their tax position should seek
independent professional advice.
                                                                                                          

For further information please contact:
Company Secretarial
John Burton                  t: +41 41 709 26 19    m: +41 79 944 54 34       john.burton@glencore.com
Nicola Barrett               t: +41 41 709 27 55    m: +41 79 735 39 16       nicola.barrett@glencore.com
Investors
Paul Smith                   t: +41 41 709 24 87    m: +41 79 947 13 48       paul.smith@glencore.com
Martin Fewings               t: +41 41 709 28 80    m: +41 79 737 56 42       martin.fewings@glencore.com
Elisa Morniroli              t: +41 41 709 28 18    m: +41 79 833 05 08       elisa.morniroli@glencore.com
Media
Charles Watenphul            t: +41 41 709 24 62    m: +41 79 904 33 20       charles.watenphul@glencore.com
Pam Bell                     t: +44 20 7412 3471    m: +44 77 9962 6715       pam.bell@glencore.co.uk

www.glencore.com

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's companies employ around 181,000 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.


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

Date: 28/08/2015 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story