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..
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
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.