Glencore
plc
Baar,
Switzerland
10 May
2024
2024 H1 Distribution
Determination of currency amounts
Glencore confirms that:
1. Subject
to approval by shareholders at the 2024 AGM, it will make a return
of capital on 5 June 2024 to holders of record on the Jersey
register at the close of business on 3 May 2024.
2. This
repayment is of US$0.065 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 7 May 2024 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 9 May 2024.
The following rates were published
in the Financial Times guide to world currencies today:
|
GBP/USD
|
EUR/USD
|
USD/CHF
|
|
1.2513
|
1.0776
|
0.9068
|
Accordingly, for non-US dollar
payments the amount payable per share on 5 June 2024 will be
approximately:
|
Pounds Sterling
|
Euros
|
Swiss Francs
|
|
0.051946
|
0.060319
|
0.058942
|
An announcement was made in South
Africa on 22 April 2024 regarding the determination of the South
African Rand amount payable in respect of shares on the
Johannesburg register.
The distributions for 2024 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
|
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 over
150,000 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 50 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 will
support the global effort to achieve the goals of the Paris
Agreement through our efforts to decarbonise 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 restated 2019 baseline, we are
targeting to reduce our Scope 1, 2 and 3 industrial emissions by
15% by the end of 2026, 25% by the end of 2030, 50% by the end of
2035 and we have an ambition to achieve net zero industrial
emissions by the end of 2050, subject to a supportive policy
environment. For more information see our 2024-2026 Climate Action
Transition Plan and the About our emissions calculation and
reporting section in our 2023 Annual Report, available on 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.