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2018 Distribution Timetable

21 February 2018

Glencore plc has today announced that its Board is recommending an aggregate distribution of US$0.20 per share in respect of the 2017 financial year ended 31 December.

Distributions will be declared and paid in U.S. dollars, although Shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who hold shares on the Jersey Register, through the Computershare HK Nominee, will receive their distribution payment in Hong Kong Dollars, converted on the Jersey applicable exchange rate reference date. Shareholders on the Johannesburg register will receive their distributions in South African Rand.

Subject to shareholder approval, the distribution will be made from the capital contribution reserves of the Company in two equal tranches of $0.10 payable in the first six months of the 2018 financial year (H1) and second six months of the 2018 financial year (H2) in accordance with the following:

H1 Distribution Timetable

Distribution event

Date (all 2018)

Applicable exchange rate reference date (Johannesburg Stock Exchange (JSE))

Close of business (UK) Thursday 12 April

Applicable exchange rate announced on the JSE

Friday 13 April

Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade

Friday 13 April

Last time to trade on JSE to be recorded in the register on record date

Close of business (SA) Monday 23 April

H1 Ex-Distribution date (JSE)

Tuesday 24 April

H1 Ex-Distribution date (Jersey)

Thursday 26 April

H1 Distribution Record Date for JSE

Close of business (SA) Thursday 26 April

H1 Distribution Record Date in Jersey

Close of business (UK) Friday 27 April

Deadline for return of currency election form (Shareholders on Jersey Register only)

Monday 30 April

Removal of shares between the Jersey and JSE registers permissible from

Monday 30 April

Applicable exchange rate reference date (Jersey)

Wednesday 2 May

Annual General Meeting – Shareholder vote to approve aggregate 2018 Distribution

Wednesday 2 May

H1 Distribution payment date

Wednesday 23 May

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Tuesday 24 April 2018 to Thursday 26 April 2018, both days inclusive.

H2 Distribution Timetable  

Distribution event

Date (all 2018)

Applicable exchange rate reference date (JSE)

Close of business (UK) Monday 27 August

Applicable exchange rate to be announced on the JSE

Tuesday 28 August

Last day to effect removal of shares cum distribution between Jersey and JSE registers at commencement of trade

Tuesday 28 August

Last time to trade on JSE to be recorded in the register on record date

Close of business (SA) Tuesday 4 September

H2 Ex-Distribution date (JSE)

Wednesday 5 September

H2 Ex-Distribution date (Jersey)

Thursday 6 September

H2 Distribution Record Date for JSE

Close of business (SA) Friday 7 September

H2 Distribution Record Date in Jersey

Close of business (UK) Friday 7 September

Deadline for return of currency election form (Shareholders on Jersey Register only)

Monday 10 September

Removal of shares between the Jersey and JSE registers permissible from

Monday 10 September

Applicable exchange rate reference date (Jersey)

Wednesday 12 September

H2 Distribution payment date

Thursday 27 September

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 5 September 2018 to Friday 7 September 2018, both days inclusive.

For the purposes of the JSE Listing Requirements, this distribution is considered a final distribution. Further information in relation to the JSE Listing Requirements will be announced on 13 April and 28 August.

For further information please contact:

Distribution enquiries
Nicola Leigh
t: +41 41 709 2755
m: +41 79 735 3916
nicola.leigh@glencore.com

Investors
Martin Fewings
t: +41 41 709 2880
m: +41 79 737 5642
martin.fewings@glencore.com

Ash Lazenby
t: +41 41 709 27 14
m: +41 79 543 38 04
ash.lazenby@glencore.com

Media
Charles Watenphul
t: +41 41 709 2462
m: +41 79 904 3320
charles.watenphul@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 90 commodities. The Group's operations comprise around 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 sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 146,000 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.

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.

 

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