1st Jul 2020 11:52
(Alliance News) - Glencore PLC on Wednesday said it had adjusted the price of its convertible bonds due 2025 upwards given a lack of dividend.
As no ex-date in respect of a cash dividend took place in the period ended June 30, the conversion price has been adjusted to GBP4.6320 from GBP4.4387.
The Swiss miner and trader - headquartered in Baar, Switzerland - further added that the conversion ratio for the bonds has changed to 30,625.65 from 31,959.36.
In London, shares in Glencore were down 0.8% at 169.80 pence while in Johannesburg its shares were down 0.1% at ZAR36.41.
By Anna Farley; [email protected]
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