Results of placing of 1,307,794,600 new ordinary shares at a placing price of 125 pence per share
16 September 2015
Glencore plc ("Glencore" or the “Company”) is pleased to announce the completion of the placing announced on 15 September 2015 (the "Placing").
A total of 1,307,794,600 new ordinary shares (the "New Shares") in Glencore have been placed with existing and new institutional shareholders and certain Directors and employees of Glencore at a price of 125 pence per New Share (the “Placing Price”), raising gross proceeds of approximately £1.6 billion / US$2.5 billion. The New Shares being issued represent approximately 9.99 per cent. of the Company's issued ordinary share capital (excluding treasury shares) prior to the Placing.