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posted:
15/09/2015
Glencore plc announces a placing of up to 1,307,794,600 new ordinary shares
Glencore plc announces a placing of up to 1,307,794,600 new ordinary shares
15 September 2015
Further to the announcement made on 7 September 2015 by Glencore plc (the “Company” or “Glencore”), the Company announces today its intention to place up to 1,307,794,600 new ordinary shares in the Company (the “New Shares”), representing up to approximately 9.99% of the Company’s existing issued share capital (excluding treasury shares), with both existing and new institutional investors (the “Placing”). As previously announced, the Placing is being implemented to reduce the Company’s indebtedness and increase financial strength.