Wrap Text
GLN - 2023 H2 Distribution - determination of currency amounts
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
11 September 2023
2023 H2 Distribution
Determination of currency amounts
Glencore confirms that:
1. On 26 May 2023, the shareholders resolved to pay an aggregate distribution of US$0.44
per share in respect of the financial year ended 31 December 2022, payable in H1 and H2 in
two equal tranches of US$0.22 per share from the capital contribution reserves of the
Company. On 8 August 2023, the Company announced an additional distribution of
US$0.08 per share to be paid alongside the H2 distribution. Therefore, the aggregate
distribution amount for H2 will be US$0.30 per share, made from the capital contribution
reserves of the Company.
2. This repayment is of US$0.30 per ordinary share and is to be made in US dollars, although
shareholders on the Jersey register who have opted for a different currency by 4
September 2023 will receive their distribution payments in either Pounds Sterling, Euros or
Swiss Francs. Elections will remain in place until revoked by the shareholder.
3. The Pound Sterling, Euro and Swiss Franc amounts payable are determined by reference
to the closing mid exchange rates applicable to the US dollar on 7 September 2023.
The following rates were published in the Financial Times guide to world currencies today:
GBP/USD EUR/USD USD/CHF
1.2477 1.0705 0.8929
Accordingly, for non-US dollar payments the amount payable per share on 22 September 2023
will be approximately:
Pounds Sterling Euros Swiss Francs
0.240442 0.280243 0.267870
An announcement was made in South Africa on 28 August 2023 regarding the determination of
the South African Rand amount payable in respect of shares on the Johannesburg register.
The distributions for 2023 may be deemed “qualified dividends” for US Federal income tax
purposes (subject to certain holding period requirements). Distributions paid by the Company
may constitute “qualified dividends” because the Company is a “qualified foreign corporation” for
US Federal income tax purposes.
For further information please contact:
Investors
Martin Fewings t: +41 41 709 28 80 m: +41 79 737 56 42 martin.fewings@glencore.com
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
Company Secretarial
John Burton t: +41 41 709 26 19 m: +41 79 944 54 34 john.burton@glencore.com
Nicola Leigh t: +41 41 709 27 55 m: +41 79 735 39 16 nicola.leigh@glencore.com
Lionel Mateo t: +41 41 709 28 47 m: +41 79 152 09 05 lionel.mateo@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 around 140,000 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 40 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 recognise our responsibility to contribute to the global effort to achieve the goals of the
Paris Agreement by decarbonising 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 2019 baseline, we are committed to reducing our Scope 1, 2 and 3
industrial emissions by 15% by the end of 2026, 50% by the end of 2035 and we have an ambition
to achieve net zero industrial emissions by the end of 2050. For more detail see our 2022
Climate Report on the publication page of 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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 11-09-2023 10:15:00
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