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GLN - Results of 2023 AGM
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
26 May 2023
Results of 2023 AGM
Glencore announces the results of the poll of the resolutions of the Annual General Meeting held today, 26
May 2023. Resolutions 2, 16, 17 and 18 were proposed as special resolutions and all other resolutions were
proposed as ordinary resolutions. Resolutions 1 to 18 were carried. Resolution 19 was rejected.
RESOLUTIONS VOTES % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED* WITHHELD
1. To receive the 9,459,391,048 99.30 66,463,098 0.70 9,525,854,146 76.28 4,367,518
Company’s
Accounts the
reports of the
Directors and
auditors for the year
ended 31 December
2022
2. To approve the 9,528,315,631 100.00 35,030 0.00 9,528,350,661 76.30 1,926,002
Company’s capital
contribution
reserves be
reduced by
US$5.6bn and be
repaid to
shareholders
3. To re-elect Kalidas 8,438,419,570 88.81 1,063,194,283 11.19 9,501,613,853 76.08 28,662,810
Madhavpeddi as a
Director
4. To re-elect Gary 9,473,988,509 99.43 54,285,298 0.57 9,528,273,807 76.30 2,002,857
Nagle as a Director
5. To re-elect Peter 9,011,168,014 94.57 517,094,657 5.43 9,528,262,671 76.29 2,013,993
Coates as a Director
6. To re-elect Martin 9,090,430,340 95.40 437,861,935 4.60 9,528,292,275 76.30 1,984,388
Gilbert as a Director
7. To re-elect Gill 9,288,428,121 97.48 239,869,548 2.52 9,528,297,669 76.30 1,978,994
Marcus as a
Director
8. To re-elect Cynthia 9,096,221,252 95.47 431,987,197 4.53 9,528,208,449 76.29 2,068,215
Carroll as a Director
9. To re-elect David 9,321,734,456 97.83 206,569,221 2.17 9,528,303,677 76.30 1,972,986
Wormsley as a
Director
10. To elect Liz Hewitt 9,507,251,748 99.78 21,064,332 0.22 9,528,316,080 76.30 1,960,583
as a Director
11. To reappoint 9,148,193,638 96.01 379,963,748 3.99 9,528,157,386 76.29 2,119,277
Deloitte LLP as
auditors
12. To authorise the 9,482,537,376 99.52 45,699,978 0.48 9,528,237,354 76.29 1,951,310
audit committee to
fix the
remuneration of
the auditors
13. To approve the 6,500,641,495 69.75 2,819,339,060 30.25 9,319,980,555 74.63 209,511,018
Company’s 2022
Climate Report
14. To approve the 9,008,100,449 95.72 403,148,542 4.28 9,411,248,991 75.36 119,027,673
Directors’
Remuneration
Report as set out in
the 2022 Annual
Report
15. To renew the 9,003,933,264 94.50 524,360,319 5.50 9,528,293,583 76.30 1,981,080
authority pursuant
to Article 10.2 of the
Company’s Articles
16. To renew the 8,434,185,527 88.52 1,094,118,078 11.48 9,528,303,605 76.30 1,973,059
authority conferred
to Directors
pursuant to Article
10.3 to allot equity
securities
17. To empower the 8,421,375,837 88.38 1,106,922,912 11.62 9,528,298,749 76.30 1,977,914
Directors pursuant
to Article 10.3 to
allot further equity
securities
18. To make market 8,952,074,649 93.96 575,550,083 6.04 9,527,624,732 76.29 2,651,932
purchases of
ordinary shares
19. Shareholder 2,747,341,554 29.20 6,662,972,143 70.80 9,410,313,697 75.35 119,949,466
resolution in
respect of the next
Climate Action
Transition Plan
*Total voting rights of the shares in issue, excluding 1,311,278,492 shares held in treasury.
We note that Resolution 13, on approving our 2022 Climate Report, was supported by the majority of
shareholders. However, we recognise that some shareholders (30.25%) chose not to support this resolution.
We also note that Resolution 19, which was requisitioned by a group of shareholders, was rejected by the
majority of our shareholders. However, we recognise that 29.20% of shareholders chose to support the
resolution.
We will continue to engage with shareholders so as to ensure their views are fully understood and to better
understand the reasons behind these results. We will publish an update on this engagement, in accordance
with the UK Corporate Governance Code, within six months of the 2023 AGM.
Distribution
Following the approval of the distribution at the 2023 AGM, shareholders are referred to the announcements
dated 15 February 2023 and 28 April 2023 and confirm that the information and salient dates set out therein,
remain unchanged.
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
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 around 140,000 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 40 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 recognise our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement
by decarbonising 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 2019
baseline, we are committed to reducing our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026,
50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050.
For more detail see our 2022 Climate Report on the publication page of our website at
glencore.com/publications.
Follow us on social media:
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 26-05-2023 04:45:00
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