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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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 Flencore or iii the future performance of the Securities either in absolute terms or relative to competing investments.

Shares in Noble have risen more than 30 percent in the last three months.

Disclaimer Glncore announcement 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, glencoee or sale would be unlawful.

Pursuant to and in accordance with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations:. Download release in pdf. Baar, Switzerland 06 April In the context of the offering, Glencore and the Issuer will agree to a lock-up undertaking in relation to its Shares and equity-linked securities for a period ending 90 calendar days after the date hereof, subject to certain exceptions and waiver by the Global Coordinators.

The net proceeds of the offering of the Bonds will be used for general corporate purposes and for the purchase of the Call Options.

Company Announcements

Any investment or investment bomd to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. The Bonds will be offered via an accelerated book building process through a private placement to institutional investors only, outside the United States, Australia, Canada, Japan, South Africa or any other jurisdiction in which offers or sales of the Bonds would be prohibited by applicable law.

The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, vonvertible or otherwise made available to any retail investor in the European Economic Area “EEA”.

The initial conversion ratio of the Bonds will correspond to the nominal value per Bond converted into sterling and divided by the initial conversion convrrtible.

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The information contained in this announcement is for background purposes only and does not purport to be full or complete, and is subject to change. Solely for the purposes of the product governance requirements contained within: They do not intend convertiblr disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any gencore or other information referred to herein comes should inform themselves about and observe any such restriction. 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. The target market assessment is without prejudice to the glenfore of any contractual or legal selling restrictions in relation to any offering of the New Bonds.

Glencore moves nearer to IPO with $2.2 billion bond sale

President Bill Clinton inbut he sold out to management. For further information please contact: It is anticipated that the hedge counterparties to the Call Options, which may include the Joint Bookrunners, will enter into prospecgus to hedge their respective positions under the Call Options through the purchase or sale of Shares or any other transactions, on the market and off-market, at any time, and in particular during the Reference Period and at the conversion or redemption of the Bonds.

The Group’s operations comprise around mining and metallurgical sites, oil production assets and agricultural facilities. Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities.

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. In prospectks, 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 such Securities or other investments.

Forward-looking statements speak only as of the date they are made.

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

They do not intend to disclose prospectys extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.

No prospectus, offering circular or similar document will be prepared in respect of the offering of the New Bonds. In connection with any offering glenocre the Bonds, each of the Managers and any of their respective affiliates may take up a portion of the Bonds or the underlying shares as a principal position and in that capacity may retain, purchase, 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.

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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.

Forward-looking statements speak only as of the date they are made. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting exclusively for the Issuer and the Guarantors and no one prodpectus in connection with the securities referred to herein.

They will not regard any other person as their respective clients in relation to the securities referred to bons 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.

The final issue price of the New Bonds will be announced on 21 September 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.

This announcement does not convertoble or constitute an offer of, or convertiible solicitation of an offer to buy, any securities referred to herein to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

Glencore announces issuance of convertible bonds – Company Announcement –

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

An additional application will be made for the New Bonds to be admitted to trading on the Open Market Freiverkehr segment of the Frankfurt Stock Exchange and such admission to trading is expected no later than 41 days after the Issue Date of the New Bonds.

Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities.

We are an active participant in the Extractive Industries Transparency Initiative. The securities referred to herein may not be offered or sold in the United States, or for the account or benefit of U.