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GLN - Results of 2024 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
30 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 % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED* WITHHELD
1. To receive the 8,608,710,609 99.22% 67,750,506 0.78% 8,676,461,115 71.11% 3,104,077
Company's
Accounts and the
reports of the
Directors and
auditors for the year
ended 31 December
2023
2. To approve the 8,676,795,343 99.98% 1,684,446 0.02% 8,678,479,789 71.13% 1,098,619
Company's capital
contribution
reserves be
reduced by
US$1.6bn and be
repaid to
shareholders
3. To re-elect Kalidas 8,163,382,119 94.07% 515,044,341 5.93% 8,678,426,460 71.13% 1,151,946
Madhavpeddi as a
Director
4. To re-elect Gary 8,642,094,041 99.58% 36,354,693 0.42% 8,678,448,734 71.13% 1,129,674
Nagle as a Director
5. To re-elect Martin 8,422,244,044 97.05% 256,121,098 2.95% 8,678,365,142 71.13% 1,213,266
Gilbert as a Director
6. To re-elect Gill 8,615,195,467 99.27% 63,150,149 0.73% 8,678,345,616 71.13% 1,232,790
Marcus as a
Director
7. To re-elect Cynthia 8,460,407,206 97.49% 217,968,260 2.51% 8,678,375,466 71.13% 1,202,942
Carroll as a Director
8. To re-elect David 8,628,273,985 99.42% 50,085,121 0.58% 8,678,359,106 71.13% 1,219,323
Wormsley as a
Director
9. To re-elect Liz 8,583,822,438 98.91% 94,535,204 1.09% 8,678,357,642 71.13% 1,220,766
Hewitt as a Director
10. To reappoint 8,385,399,800 96.62% 292,962,835 3.38% 8,678,362,635 71.13% 1,215,773
Deloitte LLP as the
Company's auditors
11. To authorise the 8,624,304,426 99.38% 53,954,777 0.62% 8,678,259,203 71.13% 1,205,989
audit committee to
fix the
remuneration of
the auditors
12. To approve the 7,204,108,981 90.07% 793,855,838 9.93% 7,997,964,819 65.55% 681,500,371
Company's 2024-
2026 Climate Action
Transition Plan
dated 20 March
2024
13. To approve the 8,295,211,021 97.60% 203,971,217 2.40% 8,499,182,238 69.66% 180,282,952
Directors'
Remuneration
Policy as set out in
the 2023 Annual
Report
14. To approve the 8,287,185,228 96.36% 313,222,214 3.64% 8,600,407,442 70.49% 79,057,748
Directors'
Remuneration
Report (excluding
the Directors'
Remuneration
Policy) as set out in
the 2023 Annual
Report
15. To renew the 8,261,877,572 95.20% 416,320,889 4.80% 8,678,198,461 71.13% 1,266,730
authority pursuant
to Article 10.2 of the
Company's Articles
16. To renew the 7,105,133,475 81.87% 1,572,975,743 18.13% 8,678,109,218 71.13% 1,343,473
authority conferred
to Directors
pursuant to Article
10.3 to allot equity
securities
17. To empower the 7,073,915,562 81.77% 1,577,523,205 18.23% 8,651,438,767 70.91% 28,013,924
Directors pursuant
to Article 10.3 to
allot further equity
securities
18. To make market 8,406,194,858 97.17% 244,627,064 2.83% 8,650,821,922 70.90% 28,630,767
purchases of
ordinary shares
*Total voting rights of the shares in issue, excluding 1,349,288,041 shares held in treasury.
Follow us on social media:
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
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
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..
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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 30-05-2024 08:15:00
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