Glencore plc (GB:GLEN) has released an update.
Glencore plc has alerted bondholders of an adjustment to the Conversion Price and Conversion Ratio of its $625 million Guaranteed Convertible Bonds due to a Cash Dividend on its Ordinary Shares. The Conversion Price has been revised to £4.437 with the Conversion Ratio now set at 31,970.88188, reflecting the company’s ongoing financial activities. Glencore, a leading diversified natural resource company, continues to advance its global operations and commitment to decarbonisation.
For further insights into GB:GLEN stock, check out TipRanks’ Stock Analysis page.
