Glencore PLC — Major Shareholding Notification 2014

Nov 24, 2014

National Storage Mechanism | Additional information

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RNS Number : 7766X

Glencore PLC

24 November 2014

Glencore plc

Baar, Switzerland

24 November 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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 the 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		21 November 2014
6. Date on which issuer notified:		24 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	8.924%			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  27 May 2015 and ending 14 Dec 2015		N/A	9,301,065 (after delta adjustment)				Nominal			Delta
See section 13.			0.071%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
1,185,498,039	8.997%

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 33,690,000. 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 13,177,255,391 as set out in the public announcement by Glencore Plc on 21 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: paul.smith@glencore.com	Martin Fewings t: +41 (0) 41 709 2880 m: +41 (0) 79 737 5642 e: martin.fewings@glencore.com	Elisa Morniroli t: +41 (0) 41 709 2818 m: +41 (0) 79 833 0508 e: elisa.morniroli@glencore.com

Media:

Charles Watenphul t: +41 (0) 41 709 2462 m: +41 (0) 79 904 3320 e: charles.watenphul@glencore.com	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: john.burton@glencore.com	Nicola Barrett t: +41 (0) 41 709 2755 m: +41 (0) 79 735 3916 e: nicola.barrett@glencore.com

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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