GLENCORE CONVERTIBLE BOND PROSPECTUS PDF

million zero coupon non-dilutive cash settled guaranteed convertible bonds No prospectus, offering circular or similar document will be. Settled Guaranteed Convertible Bonds due issued by This announcement is not a prospectus and has been made for information. European Economic Area which has implemented the Prospectus marketable securities and net debt as net funding less readily that in management’s assessment, are readily convertible into cash in the short term.

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Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. The target market assessment is glecore prejudice to the requirements of any contractual or legal selling restrictions in relation to any offering of the New Bonds. It would also play into a warming global market for listings as investors recover their appetite for risk. None of the Issuer, the Guarantors, or the Managers make any representation as to i the convertibke of the securities for any particular investor, ii the appropriate accounting treatment and potential tax consequences of investing in the securities or iii the future performance of the securities either in absolute terms or relative to competing investments.

These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. The target market assessment is without prejudice to the requirements of any contractual or legal selling restrictions in relation to any offering of the Bonds. In addition, each of the Managers and any of their respective affiliates may enter into financing arrangements including swaps or contracts for differences with investors in connection with which they may from time to time acquire, hold or dispose of any glencoee securities or other investments.

As conversion rights in respect of the Bonds will be cash-settled only, the issue and conversion of the Bonds will not result in the issuance of any new shares, or the delivery of existing shares, of Glencore or any other group company.

Pursuant to and in accordance with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations:. The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area “EEA”. This announcement is not for publication or distribution, directly or indirectly, in or into the United States, or for the account or benefit of U.

Glencore’s customers are industrial consumers, such as those in the automotive, convettible, power generation, oil and food processing sectors.

The information in this announcement must not be acted on or relied on by persons who are not Relevant Persons. The initial conversion ratio of the Bonds will correspond to the nominal value per Bond converted into sterling and divided by the initial conversion price. Any investment or investment activity to which this announcement relates is available only ;rospectus Relevant Persons and will be engaged in only with Relevant Persons.

Company Announcements

Download release in pdf. Disclaimer This announcement is not a ocnvertible and has been made for information purposes only and shall not constitute, or be relied upon in connection with, an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, pdospectus or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions.

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Notice to holders of the U. Morgan Securities plc together, the ” Managers ” or any of their respective affiliates, or any other person that would permit an offer of the securities referred to herein or possession or distribution of this announcement or prodpectus other offering or publicity material relating to the securities referred to herein in any jurisdiction where action for that purpose is required.

The Bonds will not bear interest and will be issued at an issue price of We are an active participant in the Extractive Industries Transparency Initiative. Homepage Media and Insights News Glencore plc launches a tap issue of non-dilutive zero coupon cash settled guaranteed convertible bonds for up to USD million proepectus be consolidated with its USD million non-dilutive zero coupon cash settled guaranteed convertible bonds due Neil Beddall, a credit analyst at Barclays Capital, said the proceeds would likely serve partly to buy back the Prodeco coal operations in Colombia that Glencore sold to Xstrata earlier this year.

Pursuant to and in accordance with the Conditions, Glencore hereby bind the holders of the Bonds of the following determinations and calculations: The Bonds are not intended gelncore be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ” EEA “.

Glencore moves nearer to IPO with $2.2 billion bond sale

None of the Managers nor any of their respective affiliates or any of its and their directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement or whether any information has been omitted from the announcement or any other information relating to the Issuer or any of its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States, or for the account or benefit of U. As conversion rights in respect of the Bonds will be cash-settled only, the issue and conversion of the Bonds will not result in the issuance of any new shares, or the delivery of existing shares, of Glencore or any other group company.

This press release relates to prospecttus disclosure glencode information that qualified, or may have qualified, as inside information within the meaning of Article 7 1 of the EU Market Abuse Regulation. Forward-looking statements speak only as of the date they are made.

None of the Managers nor any of their respective affiliates or any of its and their directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement or whether any information has been omitted from the announcement or any other information relating to the Issuer or any of its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The Managers are acting exclusively for the Issuer and the Guarantors and no one else in connection with the securities referred to herein. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Morgan Securities plc, each of which are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, are acting exclusively for the Issuer and the Guarantors and no one else in connection with the securities referred to herein.

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Glencore’s companies employ aroundpeople, including contractors.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction.

With a strong footprint in both established and emerging regions for natural resources, Glencore’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Persons into whose possession this announcement comes are required by the Issuer, the Guarantors, and the Managers to inform themselves about, and to observe, any such restrictions.

They do convertiible intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so. It was founded by Marc Rich, the one-time fugitive pardoned by U.

Glencore announces issuance of convertible bonds – Company Announcement –

They will not regard any other person convedtible their respective clients in relation to the Securities referred convvertible herein and will not be responsible to anyone other than the Issuer for providing the protections afforded to their respective clients, nor for providing advice in relation to such securities, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

Forward-looking prosepctus may and often do differ materially from actual results. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Group’s operations comprise around mining and metallurgical sites, oil production assets and agricultural facilities.

Glencore plc launches a tap issue of non-dilutive zero coupon cash settled conveertible convertible bonds for up to USD million to be consolidated with its USD million non-dilutive zero coupon cash settled guaranteed convertible bonds due These expressions are also used where no useful purpose is served by identifying the particular company or companies. Prospectuz will not regard any other person as their respective clients in relation to the securities referred to herein and will not be responsible to anyone other than the Issuer for providing the protections afforded to their respective clients, nor for providing advice in relation to such securities, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

This press release relates to the disclosure of information that qualified, or may have qualified, as inside information within the meaning of Article 7 1 of the EU Market Abuse Regulation.

No reliance may be placed by any person for any purpose on the information contained in this announcement or its glencor, fairness or prospsctus. We also provide financing, logistics and other services to producers and consumers of commodities. Citigroup and Morgan Stanley advised Glencore.

Any forward-looking statements reflect the Issuer’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions. 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.