19th May 2011 07:00
19 May 2011
Glencore International Plc (GLEN LN) (the "Company")
Pre-stabilisation Notice
Pursuant to Article 9(3) of Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC), Morgan Stanley Securities Limited (Martin Thorneycroft; Telephone: +44 (0)207 677 3553) hereby gives notice that it and its affiliates may stabilise the offering of the following securities.
The securities: | |
Issuer: | Glencore International Plc |
Securities: | Ordinary Shares (ISIN: JE00B4T3BW64, SEDOL B4T3BW6) |
Offering size: | 1,168,581,973 |
Offer price: | 530p |
Associated securities: | Secondary listing of Ordinary Shares on the Hong Kong Stock Exchange (805 HK, SEDOL B3NFYS8)
|
Stabilisation: | |
Stabilisation Manager: | Morgan Stanley Securities Limited |
Stabilisation period commences: | 19 May 2011 |
Stabilisation period ends: | 17 June 2011 |
Maximum size of over-allotment facility: | 10% of the Offer Shares at the Offer Price |
Conditions of use of over-allotment facility: | The Over-allotment Arrangements may be exercised in whole or in part upon notice by the Stabilisation Manager, at any time during the period commencing with conditional dealings of the Ordinary Shares and ending 30 days thereafter |
Greenshoe Option: | |
Exercise period: | 30 days from pricing |
Conditions of use of greenshoe option: | Exercised in whole or in part from time to time to cover over-allotments in connection with the offering or stabilisation transactions |
In connection with this offering, the Stabilisation Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that any stabilisation will be undertaken and that it may be discontinued at any time.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.
The information contained in this announcement is restricted and is not for release, publication or distribution in or into, the United States, Canada, Australia or Japan. This announcement does not contain or constitute an offer to sell or the solicitation of an offer to buy or subscribe for securities in the United States, Canada, Australia, Japan or in any other jurisdiction where such offer or solicitation is unlawful.
The offer and sale of the Ordinary Shares referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration under the Securities Act or an exemption from registration. There will be no public offer of the securities referred to herein in the United States.
In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the Offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.
Related Shares:
Glencore