TSF Table data
Last updated on 14th June 2019
Important notice concerning this document
This document and the information set forth herein has been prepared by Glencore in good faith in response to a request for disclosure received from the Church of England Pensions Board dated 5 April 2019. The information requested by the Church of England Pensions Board was extensive in scope and depth, and necessarily involved the collection and assessment of a considerable volume of historical business records and data maintained by Glencore and its subsidiaries and affiliates. The review and assessment of such historical business records and data and the preparation of this document and the information contained herein necessarily involved the exercise of subjective professional judgment in making evaluations and assessments and interpreting the relevant information and data for such purposes, including as to the historical, current and future assessments of the status and structural integrity of the TSFs which are described in this document.
This document and the information set forth therein should be read in conjunction with other public disclosure of Glencore, including its most recent Annual Report, which is available on its website, and the Principal Risks and Uncertainties set out therein.
The information disclosed in respect of certain non-operated joint ventures has been provided to Glencore by the relevant companies and has not been independently verified by Glencore.
Except as required by applicable regulations or by applicable law, Glencore is not under any obligation and Glencore and each of its subsidiaries and affiliates expressly disclaim any intention, obligation, undertaking or duty of care, to update or revise any information, including forward looking statements, whether as a result of new information, future events or otherwise, in this document; provided however, that notwithstanding the foregoing, Glencore reserves the right, in its sole discretion, to correct any information in this document which it subsequently determines is inaccurate or incorrect in any material respect. This document shall not, under any circumstances, create any implication that there has been no change in the current status or structural integrity of any of the TSFs as described in this document after the date of this document, or that the information contained herein (or any part thereof) is correct as at any time subsequent to the date of this document.
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.
For the avoidance of doubt, this document is not a prospectus or part of a prospectus or other disclosure document that is required to be lodged or filed with any regulatory authority in any jurisdiction. Accordingly, this document does not purport to contain all the information that may be necessary or desirable to enable any recipient to properly evaluate and consider the information and matters set forth therein and/or to make any investment decision. This document has not been lodged or filed with any regulatory authority in any jurisdiction. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
In this regard, this document contains statements that are, or may be deemed to be, “forward looking statements” which are prospective in nature. These forward looking statements may be identified by the use of forward looking terminology, or the negative thereof such as “outlook”, "plans", "expects" or "does not expect", "is expected", "continues", "assumes", "is subject to", "budget", "scheduled", "estimates", "aims", "forecasts", "risks", "intends", "positioned", "predicts", "anticipates" or "does not anticipate", or "believes", or variations of such words or comparable terminology and phrases or statements that certain actions, events or results "may", "could", "should", “shall”, "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy.
By their nature, forward looking statements involve known and unknown risks and uncertainties, many of which are beyond Glencore’s control. Forward looking statements are not guarantees of future performance and may and often do differ materially from actual results. Important factors that could cause these uncertainties include, but are not limited to, unforeseen extreme weather events, unforeseen seismic events, or other unforeseen natural phenomena such as hurricanes, cyclones, storms, floods, earthquakes, fires, landslides or other events, or other events or factors which are entirely beyond Glencore’s control. Such events and factors could adversely affect the current status and structural integrity of the TSFs which are described in this document.
Neither Glencore nor any of its subsidiaries or affiliates, nor any of its or their respective associates or directors, officers, employees, agents or advisers, provides any representation, assurance or guarantee that the occurrence (or non-occurrence) of the events expressed or implied in any forward-looking statements in this document will actually occur. You are cautioned not to place any reliance on any of these forward-looking statements which only speak as of the date of this document.