Share buyback programme

RNS Number : 6592A

Glencore PLC

24 December 2014

 

Glencore plc

Baar, Switzerland

24 December, 2014

Share buy-back programme

Glencore plc (the "Company") has entered into an irrevocable agreement with Citigroup Global Markets Limited ("Citi") to continue its share buy-back programme next year to repurchase on its behalf ordinary shares of the Company (the "Shares") to be held in treasury, subject to a maximum aggregate consideration of GBP120 million. This agreement is for the period commencing on 2 January 2015 and ending not later than 24 March 2015. Any buy-back of the Shares pursuant to the agreement will be effected in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority by shareholders to repurchase shares. Existing arrangements concerning the buy-back programme will continue during 2014.

Citi may undertake transactions in the Shares (which may include sales as well as purchases and may include participation in block purchases) in order to meet its obligations pursuant to this agreement.

For further information please contact:

Investor:

Paul Smith t: [phone] m: [phone] e: [e-mail]

Martin Fewings t: [phone] m: [phone] e: [e-mail]

Elisa Morniroli t: [phone] m: [phone] e: [e-mail]

Media:

Charles Watenphul t: [phone] m: [phone] e: [e-mail]

Finsbury Guy Lamming / Dorothy Burwell t: [phone]

Company secretarial:

John Burton t: [phone] m: [phone] e: [e-mail]

Nicola Barrett t: [phone] m: [phone] e: [e-mail]

www.glencore.com

About Glencore

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise of over 150 mining and metallurgical sites, oil production assets and agricultural facilities.

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.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 200,000 people, including contractors.

 

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