Wrap Text
GLN - Grant of awards to CEO
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
17 March 2022
Grant of awards to CEO
In line with its Remuneration Policy approved by shareholders on 29 April 2021, Glencore plc
(“Glencore” or the “Company”) announces that its Chief Executive Officer, Gary Nagle, was
granted share units in respect of the Deferred Bonus and the Restricted Share Plan (RSP)
awards on 14 March 2022. These share units will convert into ordinary shares of the Company
on the vesting date, assuming that all conditions under the Remuneration Policy have been
met. Further details on Mr Nagle’s remuneration are included in the Directors’ Remuneration
Report that the Company released today in its 2021 Annual Report, including information on
previous RSP share units awarded in July 2021 (see pages 112 - 113). However, the share units
awarded under the RSP for 2022 listed below were outside the scope of the Directors’
Remuneration Report and will be included in the 2022 Annual Report.
Details regarding the share units awarded in 2022 is contained in the table below.
PDMR notification
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Gary Nagle
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial Initial notification
notification/Amendment
3 Details of the issuer, UK emission allowance market participant, auction platform or
auctioneer
a) Name Glencore plc
b) LEI 2138002658CPO9NBH955
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the Awarded units converting into ordinary shares upon vesting
financial instrument, date, in line with Remuneration Policy.
type of instrument
i) Share units awarded under the deferred bonus award
vest 3 years following granting date and are subject to
continuous employment
ii) Share units awarded under RSP vest 3 years following
granting date and are subject to performance
underpins and holding periods
ISIN: JE00B4T3BW64
Identification code
b) Nature of the transaction According to Remuneration Policy, awarded units include:
i) Grant of share units under the deferred bonus award,
representing 50% of 2021 bonus outturn
ii) Grant of share units under the RSP
c) Price(s) and volume(s) Price(s) Volume(s)
i) GBP 3.66 / USD 4.86, based on the i) 216,667
Volume Weighted Average Price
(VWAP) of December 2021
Price(s) Volume(s)
ii) GBP 3.66 / USD 4.86, based on the ii) 833,556
VWAP of December 2021
d) Aggregated information i) - Aggregated volume: N/A
• Aggregated - Price: GBP 792,430 / USD 1,052,719
volume
• Price ii) - Aggregated volume: N/A
- Price: GBP 3,048,617 / USD 4,050,000
e) Date of the transaction 14 March 2022
f) Place of the transaction Outside a trading venue
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
www.flickr.com/photos/glencore
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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 17-03-2022 07:05:00
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