Glencore announces 2025 interim distribution currency amounts

Glencore announced the currency exchange rates applicable to its upcoming 2025 interim distribution. Subject to shareholder approval at the AGM, the company will make a US$0.05 per share return of capital on June 4, 2025, to shareholders of record on May 2, 2025. While the distribution is denominated in USD, shareholders on the Jersey register who elected by May 6, 2025, to receive payment in an alternative currency will be paid in Pounds Sterling, Euros, or Swiss Francs. The exchange rates for these currencies were determined by reference to the closing mid rates applicable to the USD on May 8, 2025, and published in the Financial Times. These rates are GBP/USD 1.3310, EUR/USD 1.1278, and USD/CHF 0.8271, resulting in distribution amounts of GBP 0.037566, EUR 0.044334, and CHF 0.041355 per share, respectively. An announcement has been made regarding the South African Rand amount payable in respect of shares on the Johannesburg register. The company also notes that the distributions for 2025 may be deemed "qualified dividends" for US Federal income tax purposes.