ACQUISITION OF 18.91% INTEREST IN KAZZINC COMPLETE
FOR IMMEDIATE RELEASE
BAAR, SWITZERLAND
11 October 2012
GLENCORE INTERNATIONAL PLC
CLOSING OF GLENCORE INTERNATIONAL PLC'S ACQUISITION OF AN 18.91 PER CENT INTEREST IN KAZZINC
Glencore International plc ("Glencore" or the "Company") announces the completion of the purchase of an 18.91 per cent. ownership interest in Kazzinc LLP ("Kazzinc") from Verny Investments in consideration for the issue of 176,742,520 new ordinary shares of the Company (the "Glencore Consideration Shares") and cash consideration of USD 400 million.
Admission of the Glencore Consideration Shares to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities is expected to occur at 8.00 a.m. (UK time) on 11 October 2012. Listing of the Glencore Consideration Shares on the Main Board of the Hong Kong Stock Exchange is expected to occur at 9.00 a.m. (Hong Kong time) on 12 October 2012.
This transaction increases Glencore's ownership interest in Kazzinc to 69.61 per cent.
A copy of this announcement will be made available on the Company's website (www.glencore.com).
Enquiries
For enquiries about Glencore, please contact:
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Paul Smith (Investors) t: +41 (0)41 709 2487 m: +41 (0)79 947 1348 |
Charles Watenphul (Media) t: +41 (0)41 709 2462 m:+41 (0)79 904 3320 |
John Burton (Company Secretary) t: +41 (0)41 709 2619 m: +41 (0)79 944 5434 |
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Elisa Morniroli (Investors) t: +41 (0)41 709 2818 m: +41 (0)79 833 0508 |
Finsbury (Media) Guy Lamming Dorothy Burwell t: +44 (0)20 7251 3801 |
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About Glencore International plc
Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.
About Kazzinc
Kazzinc is a fully integrated zinc producer with significant copper, precious metals and lead resources in Kazakhstan. Kazzinc owns three major polymetallic facilities, Zyrianovsk, Ridder and Ust-Kamenogorsk, as well as a gold mining operation, Vasilkovskoye in Kokshetau, which is the largest gold mining and processing operation in Kazakhstan.
This information is provided by RNS
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