Glencore PLC — AGM Information 2021

Apr 29, 2021

National Storage Mechanism | Additional information

RNS Number : 1173X

Glencore PLC

29 April 2021

Glencore plc

Baar, Switzerland

29 April 2021

Results of the 2021 AGM

Following the Annual General Meeting held today, 29 April 2021, Glencore announces that all the resolutions put to the vote of shareholders were carried with the requisite majorities. All resolutions were passed as ordinary resolutions, except for resolutions 2, 18, 19 and 20, which were passed as special resolutions. A poll was held for each resolution, the results of which are as follows:  

RESOLUTIONS	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED *	VOTES WITHHELD
1. To receive the Company's accounts and the reports of the Directors and auditors for the year ended 31 December 2020	9,881,126,795	99.26	73,661,310	0.74	9,954,788,105	74.71	105,991,437
2. To approve that the Company's capital contribution reserves (forming part of its share premium account) be reduced and be repaid to shareholders as per the terms set out in the notice of meeting	10,059,678,337	100.00	114,413	0.00	10,059,792,750	75.50	986,792
3. To re-elect Anthony Hayward as a Director	9,497,748,093	94.53	550,063,191	5.47	10,047,811,284	75.41	12,968,258
4. To re-elect Ivan Glasenberg as a Director, for a term expiring on 30 June 2021	9,876,732,935	99.29	70,371,720	0.71	9,947,104,655	74.65	113,674,887
5. To re-elect Peter Coates as a Director	9,428,671,058	94.82	515,289,725	5.18	9,943,960,783	74.63	116,818,759
6. To re-elect Martin Gilbert as a Director	9,625,383,039	95.81	421,303,582	4.19	10,046,686,621	75.40	14,092,921
7. To re-elect Gill Marcus as a Director	9,835,182,700	97.88	212,573,242	2.12	10,047,755,942	75.41	13,023,600
8. To re-elect Patrice Merrin as a Director	9,815,968,242	97.72	228,687,760	2.28	10,044,656,002	75.39	16,123,540
9. To re-elect Kalidas Madhavpeddi as a Director	9,531,658,242	94.75	528,037,530	5.25	10,059,695,772	75.50	1,080,770
10.    To elect Cynthia Carroll as a Director	9,288,716,975	92.34	770,902,700	7.66	10,059,619,675	75.50	1,158,867
11.    To reappoint Deloitte LLP as the Company's auditors to hold office until the conclusion of the next general meeting at which accounts are laid or a date to be determined by the Directors	9,917,318,674	98.61	139,342,610	1.39	10,056,661,284	75.48	4,118,258
12.    To authorise the audit committee to fix the remuneration of the auditors	10,013,477,621	99.54	46,162,745	0.46	10,059,640,366	75.50	1,139,176
13.    To approve rules of the Glencore plc Incentive Plan	7,987,300,551	80.25	1,965,893,119	19.75	9,953,193,670	74.70	107,585,872
14.    To approve Company's Climate Action Transition Plan dated 4th December 2020	8,981,439,593	94.36	537,288,539	5.64	9,518,728,132	71.44	542,051,410
15.    To approve the Directors' Remuneration Policy as set out in the 2020 Annual Report	7,295,913,840	74.21	2,535,818,550	25.79	9,831,732,390	73.79	229,047,152
16.    To approve the Directors' Remuneration Report as set out in the 2020 Annual Report	9,174,048,114	91.30	873,699,107	8.70	10,047,747,221	75.41	13,032,321
17.    To renew the authority conferred on the directors pursuant to Article 10.2 of the Company's Articles of Association	9,188,260,678	91.36	868,662,760	8.64	10,056,923,438	75.48	3,856,104
18.    Subject to the passing of resolution 17, to renew the authority conferred on the Directors pursuant to Article 10.3 of the Company's articles of association to allot equity securities for cash for an Allotment Period	9,133,636,925	90.82	923,176,086	9.18	10,056,813,011	75.48	3,966,531
19.    Subject to the passing of resolution 17, and in addition to any authority granted under resolution 18, to empower the Directors pursuant to Article 10.3 of the Articles to allot equity securities for cash for an Allotment Period	8,997,437,420	89.47	1,059,374,345	10.53	10,056,811,765	75.48	3,967,777
20.    To authorise the Company to make market purchases of ordinary shares	9,720,964,847	96.66	336,149,460	3.34	10,057,114,307	75.48	3,665,235

*Total voting rights of the shares in issue, excluding 1,261,887,525 shares held in treasury.

The Board welcomes the shareholder support for the Directors' Remuneration Policy (Resolution 15), but notes the number of votes opposing the resolution.

The Company liaised extensively with its largest shareholders in developing the remuneration package and is grateful for their support. We will continue to consult with shareholders regarding their concerns and will consider their feedback as we implement our new remuneration policy.

The Board also notes and appreciates the strong shareholder support for the Climate Action Transition Plan (Resolution 14), which follows the strategic commitments set out in December 2020.  The Company is committed to supporting the goals of the Paris Agreement and will continue to engage with stakeholders as it makes further progress.

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
Nicola Leigh	t: +41 41 709 27 55	m: +41 79 735 39 16	nicola.leigh@glencore.com
Lionel Mateo	t: +41 41 709 28 47	m: +41 79 152 09 05	lionel.mateo@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 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing 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's companies employ around 135,000 people, including contractors.

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. Our ambition is to be a net zero total emissions company by 2050.

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Disclaimer

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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