Merger Update - Merger completed

RNS Number : 8548D

Glencore International PLC

02 May 2013

 



2 May 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

NEWS RELEASE

Glencore International plc

Merger Update - Merger completed

Glencore is pleased to announce that the New Scheme and the Merger have now become effective and the entire issued ordinary share capital of Xstrata is owned by the Glencore Group.

Scheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 30 April 2013, will receive 3.05 New Glencore Shares for each Scheme Share held.

Admission of 6,163,949,435 New Glencore Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities is expected to occur with effect from 8.00 a.m. (London time) on 3 May 2013. The listing of and permission to deal in the New Glencore Shares on the Main Board of the Hong Kong Stock Exchange is expected to occur with effect from 9.30 a.m. (Hong Kong time) on 6 May 2013.

Settlement of the New Glencore Shares held through CREST is expected to take place by 8.00 a.m. (London time) on 3 May 2013. Share certificates in relation to the New Glencore Shares to be held in certificated form will be despatched by no later than 16 May 2013.

Admission to trading of Xstrata Shares on the London Stock Exchange's main market for listed securities and listing of Xstrata Shares on the Official List of the UK Listing Authority are expected to be cancelled with effect from 8.00 a.m. (London time) on 3 May 2013. The official cancellation of the secondary listing of the Xstrata Shares on the SIX Swiss Stock Exchange is expected to take effect on, and including, 6 May 2013.

Combined Group Update

Glencore Xstrata will host an investor conference call at 1.00 p.m. UK time on Friday 3 May 2013. Dial-in details will be provided on the Glencore Xstrata website (www.glencorexstrataplc.com) later today.

A live audio-visual webcast of the presentation will be available on the Investor section of the Glencore Xstrata website (www.glencorexstrataplc.com) from 1.00 p.m. UK time. A full replay facility will be available within 24 hours of the presentation being held.

An accompanying investor presentation will also be available for download from 9.00 a.m. UK time on 3 May 2013.

The change of name of Glencore International plc to "Glencore Xstrata plc" is expected to become effective in Jersey later today.

In accordance with previous announcements, the directors of the Combined Group are now Sir John Bond (Chairman), Ivan Glasenberg, Leonhard Fischer, Anthony Hayward, William Macaulay, Con Fauconnier, Peter Hooley, Sir Steve Robson and Ian Strachan.

Pursuant to DTR 5.6.1 of the FCA's Disclosure and Transparency Rules, Glencore notifies the market of the following:

Glencore's issued voting share capital now consists of 13,263,405,466 ordinary shares of U.S.$0.01 each. Each ordinary share carries one voting right. Glencore holds no shares in treasury.

Therefore, the total number of voting rights in Glencore is now 13,263,405,466.

The above figure of 13,263,405,466 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Glencore under the FCA's Disclosure and Transparency Rules.

Capitalised terms used in this announcement, unless defined herein, have the same meanings as set out in the prospectus published by Glencore dated 31 May 2012, as supplemented by the Supplementary Prospectuses.

For enquiries about Glencore, please contact:

Paul Smith (Investors) T:[phone] m: [phone] e: [e-mail]	Charles Watenphul (Media) t: [phone] m: [phone] e:[e-mail]	John Burton (Company Secretary) t: [phone] m: [phone] e:[e-mail]
Martin Fewings (Investors) t: [phone]   m: [phone] e:[e-mail]	Elisa Morniroli (Investors) t: [phone] m: [phone] e:[e-mail]	Finsbury (Media) Guy Lamming Dorothy Burwell           t: [phone]

Publication on Website

A copy of this announcement will be available on Glencore's website (www.glencorexstrataplc.com) by no later than 12 noon (London time) on the business day following the date of this announcement.

You may request a hard copy of this announcement, free of charge, by contacting the Company Secretary of Glencore, John Burton, at [e-mail]. You may also request that all future documents, announcements and information to be sent to you in relation to the Merger should be in hard copy form.

 

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