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Notice: U.S.$625 million Non-Dilutive Cash-Settled Guaranteed Convertible Bonds due 2025 issued by Glencore Funding
Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
29 August 2024
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OR FOR THE
ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED), OR IN OR INTO AUSTRALIA, CANADA, SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW
Notice to holders of the U.S.$625 million Non-Dilutive Cash- Settled Guaranteed Convertible
Bonds due 2025 issued by Glencore Funding LLC (the "Bonds", ISIN: XS1799614232)
Capitalised terms used and not defined in this notice shall bear the meanings given to them
in the terms and conditions of the Bonds (the "Conditions").
Pursuant to the Conditions, Glencore plc ("Glencore"), through its subsidiary Glencore
Funding LLC (the "Issuer"), hereby notifies Bondholders that as a result of the Cash Dividend
of U.S.$0.065 per Ordinary Share payable on 20 September 2024 to Shareholders of record on
30 August 2024, the Calculation Agent has determined that, effective 29 August 2024:
• the Conversion Price is adjusted to £4.4619 (previously £4.4371) pursuant to Condition
6(a)(ii) of the Conditions; and
• the Conversion Ratio (pursuant to the definition thereof in the Conditions) based on
such adjusted Conversion Price as aforesaid is 31,793.18228 (previously 31,970.88188).
For further information please contact:
Investors
Martin Fewings t: +41 41 709 28 80 m: +41 79 737 56 42 martin.fewings@glencore.com
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
Company Secretarial
John Burton t: +41 41 709 26 19 m: +41 79 944 54 34 john.burton@glencore.com
Nicola Leigh t: +41 41 709 27 55 m: +41 79 735 39 16 nicola.leigh@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 60 commodities that advance everyday life. Through a network of
assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and
distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both
established and emerging regions for natural resources, our marketing and industrial activities are
supported by a global network of more than 50 offices.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power
generation, battery manufacturing and oil sectors. We also provide financing, logistics and other
services to producers and consumers of commodities.
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.
We will support the global effort to achieve the goals of the Paris Agreement through our efforts to
decarbonise our own operational footprint. We believe that we should take a holistic approach and
have considered our commitment through the lens of our global industrial emissions. Against a
restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by
the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve
net zero industrial emissions by the end of 2050, subject to a supportive policy environment. For more
information see our 2024-2026 Climate Action Transition Plan and the About our emissions calculation
and reporting section in our 2023 Annual Report, available on our website at
glencore.com/publications.
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 29-08-2024 11:34:00
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