Notice

Glencore PLC secondary dual listing on ASX – CHESS CDI Subregister pre-quotation access

What's this about:
  • ASX Market
  • Trading
  • Clearing
  • Settlement
  • Product
  • Operations
  • Rules
  • Compliance
  • Equities
Notice reference number: 1183.26.10
Date published: 07/10/26
Effective as of: 07/10/26
Last updated: 07/10/26

To support an available market for investors to purchase CHESS Depositary Interests (CDIs) in respect of ordinary shares in Glencore plc (Glencore) from Day 1 of its trading on ASX’s market as a secondary dual listing (expected 14 October 2026), ASX Settlement has determined to open the CHESS CDI subregister during certain times (‘processing windows’) prior to the commencement of trading.

This is for the limited purpose of enabling testing and certain transfers and transmutations in CHESS by Settlement Participants to facilitate Day 1 liquidity for Glencore CDIs, including to establish a local CDI inventory to support Day 1 trading by the participant or the trading participant it supports.

The processing windows must only be used by settlement participants to perform:

(a)   Single entry demand transfers under Rule 9.4
(b)   Dual entry demand transfers under Rule 9.5
(c)   CDI to principal financial product transmutations under Rule 13.9.2
(d)   Principal financial product to CDI transmutations under Rule 13.9.7
(e)   Testing of their inventory management systems in connection with CDIs held, including pursuant to the transactions referred to in (a) to (d) above.
 
The processing windows must not be used by settlement participants to perform:
 
(a)   Client trades
(b)   Changes of beneficial ownership.
 

The processing windows are proposed for the following times, or as otherwise specified by ASX Settlement:

  •        Wednesday, 7th October 2026 - 5:00PM - 6:00PM AEDT
  •        Thursday, 8th October 2026 - 5:00PM - 6:00PM AEDT
  •        Friday, 9th October 2026 - 5:00PM - 6:00PM AEDT
  •        Monday, 12th October 2026 - 5:00PM - 6:00PM AEDT

 

Settlement participants accessing CHESS during the processing windows are taken to represent that this:

-       will only be for the transaction and testing purposes set out in paragraphs (a) to (e) above; and
-       will not be for the prohibited purposes set out in paragraphs (f) and (g) above.
 

Existing holders of ordinary shares in Glencore will continue to be able to request their Glencore shares be converted into Glencore CDIs by contacting Glencore’s share registry as referred to in Glencore’s notice.

Settlement participants will also be able to perform processing in CHESS from the morning of commencement of trading in Glencore CDIs on ASX’s market in the normal way.

References to Rules in this notice are to the ASX Settlement Operating Rules.

What do I need to do by when?

Settlement participants seeking to access the processing windows are required to notify Equity Post Trade Operations.

Settlement participants accessing the processing windows are taken to provide the representations indicated above.

Need more information?

Issued by

Equity Post Trade Operations

Contact information

Equity Post Trade Operations
1800 814 051
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