5th Jun 2015 07:09
Glencore plc
Baar, Switzerland
5 June, 2015
Distribution of shares in Lonmin plc-Managed Sale outcome
Further to Glencore plc's (the Company) circular to shareholders in April and subsequent announcements, Glencore announces that the Managed Sale (as defined in the circular) has been completed and proceeds converted into applicable currencies in accordance with existing elections as follows:
Number of shares sold in Lonmin plc (Lonmin): 3,983,350
Approximate currency translation rates against GBP:
USD | CHF | Euro | ZAR | HKD |
1.5327 | 1.4318 | 1.3773 | 18.7521 | 11.8888 |
Approximate net proceeds of sale per Lonmin share:
Pounds Sterling | 1.3837 |
US Dollars | 2.1208 |
Swiss Francs | 1.9812 |
Euro | 1.9058 |
South African Rand | 25.9482 |
Hong Kong Dollar | 16.4511 |
These proceeds are payable in accordance with the distribution ratio of approximately 1.079134 Lonmin shares for every 100 Glencore shares held.
As previously notified, on 9 June:
1. the applicable proceeds of the Managed Sale will be paid to the relevant shareholders;
and
2. the remaining shareholders will have the distribution shares in Lonmin remitted to them.
For further information please contact:
Company secretarial:
John Burtont: +41 (0) 41 709 2619m: +41 (0) 79 944 5434e: [email protected] |
Investor:
Martin Fewingst: +41 (0) 41 709 2880m: +41 (0) 79 737 5642e: [email protected] | Elisa Mornirolit: +41 (0) 41 709 2818m: +41 (0) 79 833 0508e: [email protected] |
Media:
Charles Watenphult: +41 (0) 41 709 2462m: +41 (0) 79 904 3320e: [email protected] k |
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.
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