Try our mobile app

GLN: Court Hearings Concerning US/UK Investigations

Published: 2022-05-24 14:57:00 ET
<<<  go to JSE:GLN company page
Glencore plc (JSE:GLN) News - GLN: Court Hearings Concerning US/UK Investigations

GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
24 May 2022
               Court hearings concerning US/UK investigations

In response to media enquiries, Glencore announces that, further to our statement in our Preliminary Results
announcement on 15 February 2022 that we expect to resolve our US, UK and Brazilian investigations this
year, Glencore will appear in court in the United States and United Kingdom later today in connection with
proposed resolutions of the relevant investigations. Glencore expects to issue an announcement following the
conclusion of these court hearings.

 For further information please contact:
 Investors
 Martin Fewings              t: +41 41 709 28 80   m: +41 79 737 56 42   martin.fewings@glencore.com
 Media
 Charles Watenphul           t: +41 41 709 24 62   m: +41 79 904 33 20   charles.watenphul@glencore.com


www.glencore.com
Glencore LEI: 2138002658CPO9NBH955

This announcement contains inside information.


Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and
marketer of more than 60 responsibly - sourced commodities that advance everyday life. Through a network
of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and
distribute the commodities that enable decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over 35
countries in both established and emerging regions for natural resources, our marketing and industrial
activities are supported by a global network of more than 40 offices.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and
consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the
International Council on Mining and Metals. We are an active participant in the Extractive Industries
Transparency Initiative.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris
Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased
our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term
target of a 15% reduction by 2026.

Follow us on social media: 
facebook.com/glencore
instagram.com/glencoreplc
linkedin.com/company/glencore
twitter.com/glencore
youtube.com/glencorevideos


Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal
entities. 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. These collective expressions are used for
ease of reference only and do not imply any other relationship between the companies. Likewise, the words
“we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them.
These expressions are also used where no useful purpose is served by identifying the particular company or
companies.

Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 24-05-2022 04:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.