BRIEF-Russia's En+ to covert Glencore's stake in Rusal into En+ GDRs

* Upon completion of conversion, En+ Group's shareholding in Rusal would increase to 56.88 percent from 48.13 percent. * En+ Group signed non-binding term sheet with Amokenga Holdings Limited (AHL), a subsidiary of Glencore plc, for the conversion of Glencore's 8.75 percent shareholding in Rusal into global depositary receipts representing ordinary shares of En+ Group. * En+ is not required to make a mandatory takeover offer as a result of transaction. * En+ says ‍following completion of transaction, AHL would be entitled to appoint Glencore CEO to the board of directors of En+ Group.

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