Notification of Major Interest in Shares

Glencore plc

Baar, Switzerland

12 November 2014

 

 

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

GLENCORE PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

Change in delta applicable to instruments with similar economic effect to qualifying financial instruments.

Yes

3. Full name of person(s) subject to the notification obligation: iii

Qatar Holding LLC Qatar Investment Authority (as parent undertaking only)

4. Full name of shareholder(s)  (if different from 3.):iv

Qatar Holding LLC

5. Date of the transaction and date on which the threshold is crossed or reached: v

10 November 2014

6. Date on which issuer notified:

12 November 2014

7. Threshold(s) that is/are crossed or reached: vi, vii

9% (downwards)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

USD 0.01 Ordinary Shares   JE00B4T3BW64

1,176,196,974

1,176,196,974

1,176,196,974

1,176,196,974

N/A

8.919%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Options on ordinary shares

N/A

Dates starting  20 May 2015 and ending 30 Nov 2015

N/A

9,986,747 (after delta adjustment)

Nominal

Delta

See section 13.

0.076%

 

 

Total (A+B+C)
Number of voting rights	Percentage of voting rights
1,188,211,868	8.996%

 

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Qatar Holding LLC is the beneficial holder of the specified shares and voting rights in Glencore PLC. Qatar Holding LLC is established as a limited liability company in the Qatar Financial Centre ("QFC") and is licensed by the QFC Authority under License No. 00004.  Qatar Holding LLC is wholly-owned by Qatar Investment Authority ("QIA") and makes this notification on behalf of itself and QIA.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	On a nominal basis the voting rights underlying the options on ordinary shares total 33,465,000. The voting rights underlying the options on ordinary shares have been re-calculated on a delta-adjusted basis, as permitted by the Financial Conduct Authority's (the "FCA") Disclosure and Transparency Rules (the "DTRs").   As required under the FCA DTRs, this notification has been prepared using the total voting rights figure of 13,192,625,120 as set out in the public announcement made by Glencore Plc on 03 November 2014.
14. Contact name:	Dr. Tariq Alsabbagh, Acting Director, Legal Department General Counsel, Qatar Holding LLC / Qatar Investment Authority
15. Contact telephone number:	+974.4499.5806

 

For further information please contact:

 

Investor:

Paul Smith t: +41 (0) 41 709 2487 m: +41 (0) 79 947 1348 e: [email protected]

Martin Fewings t: +41 (0) 41 709 2880 m: +41 (0) 79 737 5642 e: [email protected]

Elisa Morniroli t: +41 (0) 41 709 2818 m: +41 (0) 79 833 0508 e: [email protected]

 

Media:

Charles Watenphul t: +41 (0) 41 709 2462 m: +41 (0) 79 904 3320 e: [email protected]

Finsbury Guy Lamming / Dorothy Burwell t: +44 (0) 20 7251 3801

 

Company secretarial:

John Burton t: +41 (0) 41 709 2619 m: +41 (0) 79 944 5434 e: [email protected]

Nicola Barrett t: +41 (0) 41 709 2755 m: +41 (0) 79 735 3916 e: [email protected]

 

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.