24th Dec 2014 07:01
Glencore plc
Baar, Switzerland
24 December, 2014
Share buy-back programme
Glencore plc (the "Company") has entered into an irrevocable agreement with Citigroup Global Markets Limited ("Citi") to continue its share buy-back programme next year to repurchase on its behalf ordinary shares of the Company (the "Shares") to be held in treasury, subject to a maximum aggregate consideration of GBP120 million. This agreement is for the period commencing on 2 January 2015 and ending not later than 24 March 2015. Any buy-back of the Shares pursuant to the agreement will be effected in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority by shareholders to repurchase shares. Existing arrangements concerning the buy-back programme will continue during 2014.
Citi may undertake transactions in the Shares (which may include sales as well as purchases and may include participation in block purchases) in order to meet its obligations pursuant to this agreement.
For further information please contact:
Investor:
Paul Smitht: +41 (0) 41 709 2487m: +41 (0) 79 947 1348e: [email protected] | 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] | FinsburyGuy Lamming / Dorothy Burwellt: +44 (0) 20 7251 3801 |
Company secretarial:
John Burtont: +41 (0) 41 709 2619m: +41 (0) 79 944 5434e: [email protected] | Nicola Barrettt: +41 (0) 41 709 2755m: +41 (0) 79 735 3916e: [email protected] |
www.glencore.com
About Glencore
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 200,000 people, including contractors.
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