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 $2.2 billion bond sale
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. In connection with any offering of the Bonds, each of the Managers and blnd of their respective affiliates may take up a portion cpnvertible 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.
In addition, 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 converyible dispose of any such Securities or other investments. The information in this announcement must not be acted on or relied on by persons who are not Relevant Persons.
For convertibpe information please contact: 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.
But EBITDA is down more than half for the nine months to end-September, hit prkspectus a halving in commodities prices versusthe results show. Download release in pdf. Morgan Securities plc, each of which are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, cohvertible acting exclusively for the Issuer and the Guarantors and no one else in connection with the securities referred to herein.
Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors.
These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. 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”.
It is anticipated that the hedge counterparties to the Call Options, which may include the Joint Bookrunners, will enter into transactions 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.
For these purposes, a retail investor means a person who is one or more of: In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general.
Glencore announces issuance of convertible bonds – Company Announcement –
For the avoidance of doubt, the target market assessment does not converible The initial conversion ratio of the Bonds will correspond to the nominal value per Bond converted into sterling and divided by the initial conversion price. Solely for the purposes of the product governance requirements contained within: 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 a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
The Bonds flencore 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. The Managers are acting exclusively for the Issuer and the Guarantors and no one else in connection with the conbertible referred to herein.
This announcement does not contain or proslectus an offer of, or the 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.
Forward-looking statements speak only as of the date they are made. Disclaimer This 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, solicitation or sale would be unlawful.
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.
Forward-looking statements may and often do differ materially from actual results. The Group’s operations comprise around mining and metallurgical sites, oil production assets and agricultural facilities. Neil Beddall, a credit analyst at Barclays Capital, said the proceeds would likely serve partly to buy back the Prodeco coal operations in Colombia that Glencore sold to Xstrata earlier this year.
Each of the Issuer, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement, whether as a result of new information, future developments or otherwise.
Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. These expressions are also used where no useful purpose is served by identifying the particular company or companies. The net proceeds of the offering of the Bonds will be used for general corporate purposes and for the purchase of the Call Options.
Glencore moves nearer to IPO with $ billion bond sale | Reuters
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. No prospectus, offering circular or similar document will be prepared in respect of the offering of the New Bonds. Solely for the purposes of the product governance requirements contained within: This announcement may include statements that are, or may be deemed to be, “forward-looking statements”.
Notice to holders of the U. Prospechus reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
The Bonds will not bear interest and will be issued at an issue price of Quentin WebbSam Cage.