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GLN - 2024 H2 Distribution: Determination of currency amounts
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
6 September 2024
2024 H2 Distribution
Determination of currency amounts
Glencore confirms that:
1. On 29 May 2024, the shareholders resolved to pay an aggregate distribution of US$0.13 per
share in respect of the financial year ended 31 December 2023, payable in H1 and H2 in two
equal tranches of US$0.065 per share from the capital contribution reserves of the
Company.
2. This repayment is of US$0.065 per ordinary share and is to be made in US dollars, although
shareholders on the Jersey register who have opted for a different currency by 2 September
2024 will receive their distribution payments in either Pounds Sterling, Euros or Swiss
Francs. Elections will remain in place until revoked by the shareholder.
3. The Pound Sterling, Euro and Swiss Franc amounts payable are determined by reference to
the closing mid exchange rates applicable to the US dollar on 5 September 2024.
The following rates were published in the Financial Times guide to world currencies today:
GBP/USD EUR/USD USD/CHF
1.3158 1.1079 0.8484
Accordingly, for non-US dollar payments the amount payable per share on 20 September 2024
will be approximately:
Pounds Sterling Euros Swiss Francs
0.049400 0.058670 0.055146
An announcement was made in South Africa on 19 August 2024 regarding the determination of
the South African Rand amount payable in respect of shares on the Johannesburg register.
The distributions for 2024 may be deemed "qualified dividends" for US Federal income tax
purposes (subject to certain holding period requirements). Distributions paid by the Company
may constitute "qualified dividends" because the Company is a "qualified foreign corporation" for
US Federal income tax purposes.
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
www.glencore.com
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.
Follow us on social media:
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
Important Information
This material does not purport to contain all of the information you may wish to consider. For further important
information, including in connection with forward-looking statements and other cautionary information, refer to the
Important notice section of Glencore's 2024 Half Year Report, which is available at glencore.com/publications. 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.
Other information
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: 06-09-2024 12:38:00
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