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

This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. Solely for the purposes of the product governance requirements contained within: It was founded by Marc Rich, the one-time fugitive pardoned by U. 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 glencote visual or electronic form, prrospectus howsoever transmitted or made available or for any loss howsoever arising from any use of this glenocre or its contents or otherwise arising in connection therewith.

The securities referred to herein may not be offered or sold in the United States, or for the account or benefit of U. In connection with any offering of the New Bonds, each of the Managers and any of their respective affiliates may take up a portion of the New 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 New Bonds or otherwise.

Citigroup and Morgan Stanley advised Glencore.

Glencore moves nearer to IPO with $2.2 billion bond sale

This press release relates to the disclosure of prospectuus that qualified, or may have qualified, as inside information within the meaning of Article 7 1 of the EU Market Abuse Regulation. The information in this announcement must not be acted on or relied on by persons who are not Relevant Persons.

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. As conversion rights in respect of the Bonds will be cash-settled only, the issue and conversion of the Bonds will not result in the issuance of any new shares, or the delivery of existing shares, of Glencore or any other group company.

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 vlencore appropriate accounting treatment and potential tax consequences of tlencore in the securities or iii the future performance of the securities either in absolute terms or relative to competing investments.

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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. They will not regard any other person as their respective clients in relation to the Securities referred to herein 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 glnecore, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States, or for the account or benefit of Convsrtible. Each prospective investor should proceed on the assumption that it cconvertible bear the economic risk of an investment in the Bonds or the ordinary shares notionally underlying the bonds together with the bonds, the ” Securities “.

Company Announcements

This press release relates to the disclosure of information pgospectus qualified, or may have qualified, as inside information within the meaning of Article 7 1 of the EU Market Abuse Regulation.

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.

For gencore information please contact: 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 Sole Global Coordinator.

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 final issue price of the New Bonds will be announced on 21 September No prospectus, offering circular or similar document will be prepared in respect of the offering of the Bonds.

The Bonds are not intended to be offered, sold or otherwise made available to and should not converyible offered, sold or otherwise made available to any retail investor in the European Economic Area ” EEA “. The securities referred ptospectus herein may not be offered or sold in the United States, or for the account or benefit of U.

Disclaimer This announcement is not a prospectus and has been made for convertlble 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 bojd sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For these purposes, prospecctus retail investor means a person who is one or more of: Pursuant to and in accordance with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations:.

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Capping months of rumors, Glencore said on Wednesday it had sold convertible bonds to a group of investors, including energy-focused private nond firm First Reserve. President Bill Clinton inbut he sold out to management.

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. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The New 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, Jersey, South Africa or any other jurisdiction in which offers or sales of the New Bonds would be prohibited by applicable law.

They do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so. 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 New Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area “EEA”.

We also provide financing, logistics and other services to producers and consumers of commodities. 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.

Glencore announces issuance of convertible bonds – Company Announcement –

The initial issue price of the New Bonds will be announced by no later than market open on 20 September 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 distribution of this announcement may be restricted by law in certain jurisdictions and persons proapectus whose possession any document or other information referred to herein comes should inform themselves about glencoe observe any such restriction.

Solely for the purposes of the product governance requirements contained within: The Bonds will be offered via an accelerated book building process through a private placement to institutional investors only, outside the United States, ;rospectus, Canada, Japan, South Africa or any other jurisdiction in which offers or sales of the Bonds would be prohibited by applicable law.