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XS1799614232 Glencore Convertible
XS1799614232 Glencore Convertible.
About this update from Glencore Plc
[{"type":"text","content":"\n\nNOT 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\nGlencore plc\nBaar, Switzerland\n29 August 2024\n \nNotice 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)\n \nCapitalised 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\").\n\nPursuant 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:\n· the Conversion Price is adjusted to £4.4619 (previously £4.4371) pursuant to Condition 6(a)(ii) of the Conditions; and\n \n· 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).\n \n \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\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\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\nNicola Leigh\n\n\nt: +41 41 709 27 55\n\n\nm: +41 79 735 39 16\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nwww.glencore.com Glencore LEI: 2138002658CPO9NBH955 \n\nNotes for Editors\nGlencore 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 ...