Distribution information

At the Company’s AGM on 26 May 2023 shareholders approved an aggregate distribution of US$0.44 per share in respect of the financial year ended 31 December 2022 to be paid in two equal tranches of $0.22 in accordance with the timetables set out below. On 8 August, the Company announced an additional $0.08 per share, to be paid with the second tranche (H2) of $0.22 (as a single payment of $0.30), on 22 September.

Distributions are declared and paid in U.S. dollars, although shareholders on the Jersey register are able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they make an election to receive payments in Swiss francs, Sterling or Euros, or subscribe to the global payment service to elect to receive payments in the currency of their choosing (including Hong Kong Dollars), by the prescribed date. Elections will remain in place until revoked by the shareholder. 

Shareholders on the Johannesburg register will receive their distribution payments in South African Rand.

The distribution will be made from the capital contribution reserves of the Company.

H2 Distribution Timetable

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 30 August 2023 to Friday 1 September 2023, both days inclusive.

For the purposes of the JSE Listing Requirements, this distribution is considered final but remains subject to approval of shareholders at the Company’s AGM on 26 May 2023.

Further information in relation to the JSE Listing Requirements will be announced on 28 April and 28 August 2023.

The following rates were published in the Financial Times guide to world currencies on 8 September 2023: 

  
Accordingly, for non-US dollar payments the amount payable per share on 22 September 2023 will be approximately:

   
An announcement was made in South Africa on 28 August 2023 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

The distributions for 2023 may be deemed “qualified dividends” for US Federal income tax purposes (subject to certain holding period requirements). Distributions paid by the Company may constitute “qualified dividends” because the Company is a “qualified foreign corporation” for US Federal income tax purposes.

In Glencore's 2021 preliminary results announcement, released on the Stock Exchange News Service of the JSE Limited on 15 February 2022, the Board of Directors declared a distribution of US$0.26 per ordinary share. After receiving shareholder approval at the AGM on 28 April 2022, the first tranche of US$0.13 per share (H1) was paid on 20 May 2022. The second tranche, also of US$0.13 per share (H2), will be paid on 22 September 2022 (more information below). On 4 August 2022, the Company announced an additional $0.11 per share, to be paid alongside the second tranche (H2), on 22 September 2 (see below for further details).

Distributions will be declared and paid in U.S. dollars, although shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they make an election to receive payments in Swiss francs, Sterling or Euros, or subscribe to the global payment service to elect to receive payments in the currency of their choosing (including Hong Kong Dollars), by the prescribed date. Elections will remain in place until revoked by the shareholder.

Shareholders on the Johannesburg register will receive their distribution payments in South African Rand.

The distribution will be made from the capital contribution reserves in accordance with the following timetable:

The following rates were published in the Financial Times guide to world currencies on Thursday 8 September 2022: 

Accordingly, for non US dollar payments the amount payable per share on 22 September 2022 will be approximately:

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 31 August 2022 to Friday 2 September 2022, both days inclusive.

An announcement was made on the JSE on 29 August 2022 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register. 

The distributions for 2022 may be deemed “qualified dividends” for US Federal income tax purposes (subject to certain holding period requirements). Distributions paid by the Company may constitute “qualified dividends” because the Company is a “qualified foreign corporation” for US Federal income tax purposes."

On 29 April, shareholders resolved to pay an aggregate distribution of US$0.12 per share in respect of the financial year ended 31 December 2020. On 5 August, the Company announced an additional distribution of $0.04 per share.

Distributions will be declared and paid in U.S. dollars, although shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they make an election to receive payments in Swiss francs, Sterling or Euros, or subscribe to the global payment service to elect to receive payments in the currency of their choosing (including Hong Kong Dollars), by the prescribed date. Elections will remain in place until revoked by the shareholder. 

Shareholders on the Johannesburg register will receive their distribution payments in South African Rand.

The distribution will be made from the capital contribution reserves of the Company in two equal tranches of $0.06 payable in the first six months of the 2021 financial year (H1) and second six months of the 2021 financial year (H2) in accordance with the timetable below. The process and payment of the additional distribution of $0.04 will be aligned with the H2 distribution timetable below.

On 31 March 2020, the Board deferred its decision to proceed with a proposed cash distribution in 2020, amid the prevailing period of exceptional economic uncertainty resulting from Covid-19. The Board has further considered such decision and, in light of the continued uncertain pandemic / economic outlook and in order to support the Group’s overall financial position, has determined that no 2020 distribution will be made.