Business
2025 H1 Distribution
2025 H1 Distribution.
About this update from Glencore Plc
[{"type":"text","content":"\n\n \n \nGlencore plc\nBaar, Switzerland\n9 May 2025\n2025 H1 Distribution\nDetermination of currency amounts\nGlencore confirms that:\n1. Subject to approval by shareholders at the 2025 AGM, it will make a return of capital on 4 June 2025 to holders of record on the Jersey register at the close of business on 2 May 2025.\n2. This repayment is of US$0.05 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 6 May 2025 will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs. Elections will remain in place until revoked by the shareholder.\n3. 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 8 May 2025.\nThe following rates were published in the Financial Times guide to world currencies today:\n\n\n\n\nGBP/USD\n\n\nEUR/USD\n\n\nUSD/CHF\n\n\n\n\n1.3310\n\n\n1.1278\n\n\n0.8271\n\n\n\n\nAccordingly, for non-US dollar payments the amount payable per share on 4 June 2025 will be approximately:\n\n\n\n\nPounds Sterling\n\n\nEuros\n\n\nSwiss Francs\n\n\n\n\n0.037566\n\n\n0.044334\n\n\n0.041355\n\n\n\n\nAn announcement was made in South Africa on 17 April 2025 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.\nThe distributions for 2025 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.\nFor further information please contact:\n\n\n\n\nInvestors\n\n\n\n\nMartin Fewings\n\n\nt: +41 41 709 28 80\n\n\nm: +41 79 737 56 42\n\n\[email protected]\n\n\n\n\nMedia\n\n\n\n\nCharles Watenphul\n\n\nt: +41 41 709 24 62\n\n\nm: +41 79 904 33 20\n\n\[email protected]\n\n\n\n\nCompany Secretarial\n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\nJohn Burton\n\n\nt: +41 41 709 26 19\n\n\nm: +41 79 944 54 34\n\n\[email protected]\n\n\n\n\n \nwww.glencore.com\nGlencore LEI: 2138002658CPO9NBH955\nNotes for Editors\nGlencore is one of the world's largest global diversified natural resource companie...