Glencore PLC

AGM Information • May 29, 2024

National Storage Mechanism | Additional information

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 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 2023	8,608,710,609	99.22%	67,750,506	0.78%	8,676,461,115	71.11%	3,104,077
2.     To approve the Company's capital contribution reserves be reduced by US$1.6bn and be repaid to shareholders	8,676,795,343	99.98%	1,684,446	0.02%	8,678,479,789	71.13%	1,098,619
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 auditors	8,624,304,426	99.38%	53,954,777	0.62%	8,678,259,203	71.13%	1,205,989
12.    To approve the Company's 2024-2026 Climate Action Transition Plan dated 20 March 2024	7,204,108,981	90.07%	793,855,838	9.93%	7,997,964,819	65.55%	681,500,371
13.    To approve the Directors' Remuneration Policy as set out in the 2023 Annual Report	8,295,211,021	97.60%	203,971,217	2.40%	8,499,182,238	69.66%	180,282,952
14.    To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the 2023 Annual Report	8,287,185,228	96.36%	313,222,214	3.64%	8,600,407,442	70.49%	79,057,748
15.    To renew the authority pursuant to Article 10.2 of the Company's Articles	8,261,877,572	95.20%	416,320,889	4.80%	8,678,198,461	71.13%	1,266,730
16.    To renew the authority conferred to Directors pursuant to Article 10.3 to allot equity securities	7,105,133,475	81.87%	1,572,975,743	18.13%	8,678,109,218	71.13%	1,343,473
17.    To empower the Directors pursuant to Article 10.3 to allot further equity securities	7,073,915,562	81.77%	1,577,523,205	18.23%	8,651,438,767	70.91%	28,013,924
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 . .

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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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