REG - Glencore PLC - Results of 2024 AGM

GlencoreAnnouncement

29/05/2024 17:00

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RNS Number : 3370Q  Glencore PLC  29 May 2024

Glencore plc

Baar, Switzerland

29 May 2024

 

Results of 2024 AGM

Glencore announces the results of the poll of the resolutions of the Annual
General Meeting held today, 29 May 2024. Resolutions 2, 16, 17 and 18 were
proposed as special resolutions and all other resolutions were proposed as
ordinary resolutions.  All resolutions were carried.

 RESOLUTIONS                                                                     VOTES          %       VOTES          %       VOTES          % of ISC VOTED*  VOTES
                                                                                 FOR                    AGAINST                TOTAL                           WITHHELD
 1.     To receive the Company's Accounts and the reports of the Directors       8,608,710,609  99.22%  67,750,506     0.78%   8,676,461,115  71.11%           3,104,077
 and auditors for the year ended 31 December 2023
 2.     To approve the Company's capital contribution reserves be reduced        8,676,795,343  99.98%  1,684,446      0.02%   8,678,479,789  71.13%           1,098,619
 by US$1.6bn and be repaid to shareholders
 3.     To re-elect Kalidas Madhavpeddi as a Director                            8,163,382,119  94.07%  515,044,341    5.93%   8,678,426,460  71.13%           1,151,946
 4.     To re-elect Gary Nagle as a Director                                     8,642,094,041  99.58%  36,354,693     0.42%   8,678,448,734  71.13%           1,129,674
 5.     To re-elect Martin Gilbert as a Director                                 8,422,244,044  97.05%  256,121,098    2.95%   8,678,365,142  71.13%           1,213,266
 6.     To re-elect Gill Marcus as a Director                                    8,615,195,467  99.27%  63,150,149     0.73%   8,678,345,616  71.13%           1,232,790
 7.     To re-elect Cynthia Carroll as a Director                                8,460,407,206  97.49%  217,968,260    2.51%   8,678,375,466  71.13%           1,202,942
 8.     To re-elect David Wormsley as a Director                                 8,628,273,985  99.42%  50,085,121     0.58%   8,678,359,106  71.13%           1,219,323
 9.     To re-elect Liz Hewitt as a Director                                     8,583,822,438  98.91%  94,535,204     1.09%   8,678,357,642  71.13%           1,220,766
 10.    To reappoint Deloitte LLP as the Company's auditors                      8,385,399,800  96.62%  292,962,835    3.38%   8,678,362,635  71.13%           1,215,773
 11.    To authorise the audit committee to fix the remuneration of the          8,624,304,426  99.38%  53,954,777     0.62%   8,678,259,203  71.13%           1,205,989
 auditors
 12.    To approve the Company's 2024-2026 Climate Action Transition Plan        7,204,108,981  90.07%  793,855,838    9.93%   7,997,964,819  65.55%           681,500,371
 dated 20 March 2024
 13.    To approve the Directors' Remuneration Policy as set out in the 2023     8,295,211,021  97.60%  203,971,217    2.40%   8,499,182,238  69.66%           180,282,952
 Annual Report
 14.    To approve the Directors' Remuneration Report (excluding the             8,287,185,228  96.36%  313,222,214    3.64%   8,600,407,442  70.49%           79,057,748
 Directors' Remuneration Policy) as set out in the 2023 Annual Report
 15.    To renew the authority pursuant to Article 10.2 of the Company's         8,261,877,572  95.20%  416,320,889    4.80%   8,678,198,461  71.13%           1,266,730
 Articles
 16.    To renew the authority conferred to Directors pursuant to Article        7,105,133,475  81.87%  1,572,975,743  18.13%  8,678,109,218  71.13%           1,343,473
 10.3 to allot equity securities
 17.    To empower the Directors pursuant to Article 10.3 to allot further       7,073,915,562  81.77%  1,577,523,205  18.23%  8,651,438,767  70.91%           28,013,924
 equity securities
 18.    To make market purchases of ordinary shares                              8,406,194,858  97.17%  244,627,064    2.83%   8,650,821,922  70.90%           28,630,767

*Total voting rights of the shares in issue, excluding 1,349,288,041
 shares held in treasury.

 

 

For further information please contact:

 Investors
 Martin Fewings       t: +41 41 709 28 80  m: +41 79 737 56 42  martin.fewings@glencore.com
 Media
 Charles Watenphul    t: +41 41 709 24 62  m: +41 79 904 33 20  charles.watenphul@glencore.com

 Company Secretarial
 John Burton          t: +41 41 709 26 19  m: +41 79 944 54 34  john.burton@glencore.com

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource
companies and a major producer and marketer of more than 60 commodities that
advance everyday life. Through a network of assets, customers and suppliers
that spans the globe, we produce, process, recycle, source, market and
distribute the commodities that support decarbonisation while meeting the
energy needs of today.

With over 150,000 employees and contractors and a strong footprint in over 35
countries in both established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global network of more
than 50 offices.

Glencore's customers are industrial consumers, such as those in the
automotive, steel, power generation, battery manufacturing and oil sectors. We
also provide financing, logistics and other services to producers and
consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and
Human Rights and the International Council on Mining and Metals. We are an
active participant in the Extractive Industries Transparency Initiative.

We will support the global effort to achieve the goals of the Paris Agreement
through our efforts to decarbonise our own operational footprint. We believe
that we should take a holistic approach and have considered our commitment
through the lens of our global industrial emissions. Against a restated 2019
baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions
by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and
we have an ambition to achieve net zero industrial emissions by the end of
2050, subject to a supportive policy environment. For more information see our
2024-2026 Climate Action Transition Plan and the About our emissions
calculation and reporting section in our 2023 Annual Report, available on our
website at glencore.com/publications (http://www.glencore.com/publications) ..

 

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Important Information

This material does not purport to contain all of the information you may wish
to consider. For further important information, including in connection with
forward-looking statements and other cautionary information, refer to the
Important notice section of Glencore's 2023 Annual Report, which is available
at glencore.com/publications. This document does not constitute or form part
of any offer or invitation to sell or issue, or any solicitation of any offer
to purchase or subscribe for any securities.

 

Other information
The companies in which Glencore plc directly and indirectly has an interest
are separate and distinct legal entities. In this document, "Glencore",
"Glencore group" and "Group" are used for convenience only where references
are made to Glencore plc and its subsidiaries in general. These collective
expressions are used for ease of reference only and do not imply any other
relationship between the companies. Likewise, the words "we", "us" and "our"
are also used to refer collectively to members of the Group or to those who
work for them. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.

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