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BAAR, Switzerland - Glencore (OTC:GLNCY) PLC has announced that, pending shareholder approval at the Annual General Meeting (AGM), it will distribute capital to shareholders on June 4, 2025. The distribution is set at US$0.05 per ordinary share for those on the Jersey register as of the close of business on May 2, 2025.
Shareholders who have selected an alternative currency by May 6, 2025, will receive their distribution in Pounds Sterling, Euros, or Swiss Francs. The conversion rates for these currencies were fixed based on the May 8, 2025, closing mid exchange rates published in the Financial Times. The corresponding amounts per share are approximately £0.037566, €0.044334, and CHF 0.041355.
The company also made an earlier announcement on April 17, 2025, regarding the determination of the South African Rand amount payable for shares on the Johannesburg register.
For US Federal income tax purposes, the distributions for 2025 may be considered "qualified dividends," given that Glencore qualifies as a "qualified foreign corporation." However, this is subject to certain holding period requirements.
This financial update is based on a press release statement from Glencore PLC.
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