Wrap Text
GLN: Results of 2021 AGM
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
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 ISC VOTES
FOR AGAINST TOTAL VOTED * WITHHELD
1. To receive the 9,881,126,795 99.26 73,661,310 0.74 9,954,788,105 74.71 105,991,437
Company’s accounts
and the reports of
the Directors and
auditors for the
year ended 31
December 2020
2. To approve that the 10,059,678,337 100.00 114,413 0.00 10,059,792,75 75.50 986,792
Company's capital 0
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
3. To re-elect Anthony 9,497,748,093 94.53 550,063,191 5.47 10,047,811,28 75.41 12,968,258
Hayward as a 4
Director
4. To re-elect Ivan 9,876,732,935 99.29 70,371,720 0.71 9,947,104,655 74.65 113,674,887
Glasenberg as a
Director, for a
term expiring on 30
June 2021
5. To re-elect Peter 9,428,671,058 94.82 515,289,725 5.18 9,943,960,783 74.63 116,818,759
Coates as a
Director
6. To re-elect Martin 9,625,383,039 95.81 421,303,582 4.19 10,046,686,62 75.40 14,092,921
Gilbert as a 1
Director
7. To re-elect Gill 9,835,182,700 97.88 212,573,242 2.12 10,047,755,94 75.41 13,023,600
Marcus as a 2
Director
8. To re-elect Patrice 9,815,968,242 97.72 228,687,760 2.28 10,044,656,00 75.39 16,123,540
Merrin as a 2
Director
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RESOLUTIONS VOTES % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED * WITHHELD
9. To re-elect Kalidas 9,531,658,242 94.75 528,037,530 5.25 10,059,695,77 75.50 1,080,770
Madhavpeddi as a 2
Director
10. To elect 9,288,716,975 92.34 770,902,700 7.66 10,059,619,67 75.50 1,158,867
Cynthia Carroll as 5
a Director
11. To reappoint 9,917,318,674 98.61 139,342,610 1.39 10,056,661,28 75.48 4,118,258
Deloitte LLP as the 4
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
12. To authorise 10,013,477,621 99.54 46,162,745 0.46 10,059,640,36 75.50 1,139,176
the audit committee 6
to fix the
remuneration of the
auditors
13. To approve 7,987,300,551 80.25 1,965,893,1 19.7 9,953,193,670 74.70 107,585,872
rules of the 19 5
Glencore plc
Incentive Plan
14. To approve 8,981,439,593 94.36 537,288,539 5.64 9,518,728,132 71.44 542,051,410
Company’s Climate
Action Transition
Plan dated 4th
December 2020
15. To approve the 7,295,913,840 74.21 2,535,818,5 25.7 9,831,732,390 73.79 229,047,152
Directors’ 50 9
Remuneration Policy
as set out in the
2020 Annual Report
16. To approve the 9,174,048,114 91.30 873,699,107 8.70 10,047,747,22 75.41 13,032,321
Directors’ 1
Remuneration Report
as set out in the
2020 Annual Report
17. To renew the 9,188,260,678 91.36 868,662,760 8.64 10,056,923,43 75.48 3,856,104
authority conferred 8
on the directors
pursuant to Article
10.2 of the
Company's Articles
of Association
18. Subject to the 9,133,636,925 90.82 923,176,086 9.18 10,056,813,01 75.48 3,966,531
passing of 1
resolution 17, to
renew the authority
conferred on the
Directors pursuant
to Article 10.3 of
the Company's
articles of
RESOLUTIONS VOTES % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED * WITHHELD
association to
allot equity
securities for cash
for an Allotment
Period
19. Subject to the 8,997,437,420 89.47 1,059,374,3 10.5 10,056,811,76 75.48 3,967,777
passing of 45 3 5
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
20. To authorise 9,720,964,847 96.66 336,149,460 3.34 10,057,114,30 75.48 3,665,235
the Company to make 7
market purchases of
ordinary shares
*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
SPONSOR
Absa Bank Limited (acting through its Corporate and Investment Banking Division)
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.instagram.com/glencoreplc
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.
Date: 29-04-2021 04:33:00
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