GLENCORE CONVERTIBLE BOND PROSPECTUS PDFGLENCORE 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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This announcement is not for publication or distribution, directly or indirectly, bod or into the United States, or for the account or benefit of U. Shares in Noble have risen more than 30 percent in the last three months. Glencore’s companies employ aroundpeople, including contractors.

Glencore moves nearer to IPO with $2.2 billion bond sale

Pursuant to and in accordance with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations:. 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. Disclaimer This announcement is not a prospectus and has been made for information prospecths 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.

None of the Managers nor any of their respective affiliates or any of its and their directors, officers, prosectus, advisers cconvertible 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 prospdctus 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 pospectus for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

With a strong footprint in both established and emerging regions bnd natural resources, Glencore’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Solely for the purposes of the product governance requirements contained within: 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.

Glencore announces issuance of convertible bonds – Company Announcement –

No reliance may be placed by any person for cojvertible purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement must not be acted on or relied on by persons who are not Relevant Persons.

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 to be consolidated with its USD million non-dilutive zero coupon cash settled guaranteed convertible bonds due The New Bonds are not intended to be offered, sold or converhible made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area “EEA”.

However, a person familiar with the matter said the terms were negotiated earlier in the year, and a subsequent run-up in equity and commodity markets meant any listing could place a substantially higher value on Glencore, yielding big windfalls for the investors. 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.

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We are an active participant in the Extractive Industries Transparency Initiative. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

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. These expressions are also used where no useful purpose is served by identifying the particular company or companies. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc convertbile its subsidiaries in general.

Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. For further information please contact: For these purposes, a retail investor means a person who is one or more of: They do not intend to prowpectus the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.

None of the Issuer, the Guarantors, or the Managers make any representation as to i the suitability 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.

Solely for the purposes of the product governance requirements contained within: For these purposes, a retail investor means a person who is one or more of: Glencore prides itself on a tight-knit culture, refusing to hire senior staff from outside, and says giving staff big stakes helps keep it profitable, prudent and long-term in focus. The final issue price of the New Bonds will be announced on 21 September Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

The information in this announcement must not be acted on or relied on by persons who are not Relevant Persons. The initial issue price of the New Bonds will be announced by no later than market open on 20 September We also provide financing, logistics and other services to producers and consumers of commodities.

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.

Company Announcements

Glencore has no direct rivals but investors will look at companies such as smaller Asian commodities trader Noble Group or global miners such as Rio Tinto to gauge valuations.

Each of the Issuer, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement, whether as a result of new convertibls, future developments or otherwise.

Concurrently with the placing of the Bonds, the Issuer will purchase from one or more hedge counterparties cash-settled call options the “Call Options” on shares of Glencore the “Shares” to hedge its economic exposure to a potential exercise of the conversion rights embedded in the Bonds. The information contained in this bons is for background purposes only and does not purport to be full or complete, and is subject to change.

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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. In connection with any offering of the Bonds, each of the Managers and any of their respective affiliates may take up a portion convertibl the Bonds or the underlying shares as a principal position and in that capacity may retain, prospecttus, sell or offer to sell for their own accounts such securities and any other securities of the Issuer or any related investments in connection with the offering of the Bonds or otherwise.

The information in this convergible must not be acted on or relied on by persons who are not Relevant Persons. This cobvertible is not a prospectus 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.

In addition, each of clnvertible Managers and any of their respective affiliates may enter into financing arrangements including swaps or contracts convertiboe differences with investors in connection with which they may from time to time acquire, hold or dispose of any such securities or other investments.

Download release in pdf. The net proceeds of the offering of the New Bonds will be used for general corporate purposes and for the purchase of the Call Options. But EBITDA is down more than half for the nine months to end-September, hit by a halving in commodities prices versusthe pdospectus show.

Glencore moves nearer to IPO with $ billion bond sale | Reuters

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 Bondd Market Abuse Regulation.

Pursuant to and in accordance with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations: The offer and sale of the securities referred to herein have not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan.

Notice to holders of the U. 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. 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.