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GLEN Glencore Plc

435.30
6.55 (1.53%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.55 1.53% 435.30 436.05 436.15 437.20 431.40 433.60 27,901,148 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3508 12.43 53.21B

Glencore PLC Results of the 2021 AGM (1173X)

29/04/2021 2:50pm

UK Regulatory


Glencore (LSE:GLEN)
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TIDMGLEN

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          %          VOTES         %         VOTES         % of       VOTES 
                                     FOR                    AGAINST                   TOTAL         ISC      WITHHELD 
                                                                                                   VOTED 
                                                                                                     * 
 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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April 29, 2021 09:50 ET (13:50 GMT)

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