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GLENCORE PLC - GLN:Announcement Re. The Commodity Futures Trading Commission

Release Date: 26/04/2019 08:07
Code(s): GLN     PDF:  
Wrap Text
GLN:Announcement Re. The Commodity Futures Trading Commission

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
25 April 2019

                    Announcement re the Commodity Futures Trading Commission

Glencore has been informed by the United States Commodity Futures Trading Commission
(“CFTC”) that the CFTC is investigating whether Glencore and its subsidiaries may have
violated certain provisions of the Commodity Exchange Act and/or CFTC Regulations through
corrupt practices in connection with commodities.
Glencore understands that the CFTC’s investigations are at an early stage and have a
similar scope in terms of subject matter as the current ongoing investigation by the US
Department of Justice (“DOJ”).
Glencore will cooperate with the CFTC. Glencore’s response will be managed by its
Investigations Committee, which was set up in July 2018 to oversee Glencore’s response
to the investigation by the DOJ.
For further information please contact:

Media
Charles Watenphul          t: +41 41 709 24 m: +41 79 904 33 charles.watenphul@glencore.com
Investors                  62               20
Martin Fewings             t: +41 41 709    m: +41 79 737    martin.fewings@glencore.com
Ash Lazenby                2880
                           t: +41 41 709    5642
                                            m: +41 79 543    ash.lazenby@glencore.com
                           2714             3804

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955
This announcement contains inside information.
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 158,000 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.


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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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