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GLENCORE PLC - Notification of major interest in shares

Release Date: 01/12/2015 08:47
Code(s): GLN     PDF:  
Wrap Text
Notification of major interest in shares

Glencore Xstrata 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
1 December 2015

For filings with the FCA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES [i]
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached[ii]: GLENCORE PLC

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights: No
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): Yes Baseline notification required as a result of the implementation of changes to the transparency directive

3. Full name of person(s) subject to the notification obligation [iii]: BlackRock Inc.

4. Full name of shareholder(s)  (if different from 3.)[iv]:  

5. Date of the transaction and date on which the threshold is crossed or reached [v]: 26 November 2015

6. Date on which issuer notified: 30 November 2015

7. Threshold(s) that is/are crossed or reached [vi, vii]: Baseline notification required as a result of the implementation of changes to the transparency 
directive; BlackRock Inc. shares and voting rights remain above the previously disclosed threshold of 5%

8. Notified details:

A: Voting rights attached to shares [viii, ix]
Class/type of shares                 Situation previous                    Resulting situation after the triggering transaction:
if possible using the ISIN CODE      to the triggering transaction:
                                     Number of        Number of            Number           Number of voting                % of voting rights [x]
                                     Shares           Voting Rights        of shares        rights
                                                                           Direct           Direct [xi]     Indirect [xii]   Direct      Indirect
JE00B4T3BW64                         657,753,254      657,753,254          N/A              N/A             661,953,496      N/A         4.59%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial      Expiration            Exercise/                   Number of voting                     % of voting
instrument             date [xiii]           Conversion Period [xiv]     rights that may be                   rights
                                                                         acquired if the instrument is
                                                                         exercised/ converted.
Securities Lending     N/A                   N/A                         157,303,301                          1.09%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments [xv, xvi]

Resulting situation after the triggering transaction

Type of financial      Exercise price     Expiration date [xvii]        Exercise/                      Number of voting rights      % of voting rights
instrument                                                              Conversion period [xviii]      instrument refers to         [xix, xx]
CFD                    N/A                N/A                           N/A                            17,835,881                    Nominal      Delta
                                                                                                                                     0.12%        0.12%

Total return swaps                                                                                     1,132,246                     0.00%        0.00%

Total (A+B+C)
Number of voting rights                   Percentage of voting rights
838,224,924                               5.82%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable [xxi]:

Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
BlackRock Regulatory Threshold Reporting Team

14. Contact name:
Gareth Slade

15. Contact telephone number:
020 7743 2536

For further information please contact:

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

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

www.glencore.com

www.youtube.com/glencorevideos 


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.
200,000 people, including contractors.

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