Proposed Adjournment of Shareholder Meetings to Approve Merger with Glencore
Zug, 5 July 2012
Further to its announcement of 27 June 2012, Xstrata plc (“Xstrata”) has obtained the permission of the Court to adjourn the Court Meeting originally convened for 10.00 a.m. on 12 July 2012 to approve the Scheme of Arrangement in respect of the recommended all-share merger of equals (the “Merger”) with Glencore International plc (“Glencore”).
Xstrata sought permission from the Court to adjourn the Court Meeting due to the proposed changes to the retention award element of the Management Incentive Arrangements described in the Scheme Circular, sent to shareholders on 31 May 2012, and the need, as a consequence of those proposed changes, to convene a new Xstrata extraordinary general meeting (the “New Xstrata General Meeting”).
For the same reasons, the Xstrata extraordinary general meeting convened for 10.30 a.m. London time on 12 July is proposed to be adjourned, subject to the passing of an ordinary resolution to adjourn the meeting.
The new date for the adjourned Court Meeting and the New Xstrata General Meeting will be contained in a Supplementary Scheme Circular, expected to be posted to shareholders shortly.
If shareholders have any questions in relation to submitting proxy forms or changing voting instructions for any of these meetings, they should call the shareholder helpline between 8.30 a.m. and 5.30 p.m. (London time) Monday to Friday (except UK public holidays) on 0800 279 4113 (free from landlines in the UK), 0800 002 427 (free from landlines in Switzerland), or +44 800 279 4113 (from outside the UK and Switzerland, international rates apply). Please note that calls may be monitored or recorded and the helpline cannot provide financial, legal or tax advice or advice on the merits of the Merger.
A copy of this announcement is available on Xstrata’s website at www.xstrata.com