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.
www.facebook.com/Glencore
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www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.youtube.com/glencorevideos
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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