Glencore CEO Set For GBP69 Million Dividend Windfall - Sunday Times
04 3월 2012 - 10:37PM
Dow Jones News
Ivan Glasenberg, the chief executive of Glencore International
PLC (GLEN.LN), is in line for a dividend payment worth around GBP69
million this week when the Swiss-based group announces its first
full-year payout to shareholders, according to the Sunday
Times.
Glasenberg held a 15.8% Glencore stake at the time of Glencore's
initial public offering of stock in May 2011.
The mining and metals-trading giant is expected to announce a
6.3 pence per share payment Monday when it announces its first
full-year results as a listed company, the Sunday Times
reported.
A spokesman for Glencore declined to comment.
The big payday comes as Glencore tries to pull off a GBP50
billion-plus merger with mining affiliate Xstrata PLC (XTA.LN) some
of whose shareholders are pushing for an improvement in the share
ratio of 2.8 Glencore shares for every Xstrata share that Glencore
is proposing to clinch the transaction.
Newspaper Web site: http://www.timesonline.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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