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Glencore plc (JSE:GLN) News - GLN - Results of 2022 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
29 April 2022
Results of 2022 AGM
Glencore announces the results of the poll of the resolutions of the Annual General Meeting held
today, 28 April 2022. 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 10,146,134,663 99.28 73,987,106 0.72 10,220,121,769 77.65 15,138,778
Company’s
Accounts the
reports of the
Directors and
auditors for the year
ended 31 December
2021
2. To approve the 10,243,624,761 99.99 822,027 0.01 10,244,446,788 77.84 1,885,126
Company’s capital
contribution
reserves be
reduced by
US$3.4bn and be
repaid to
shareholders
3. To re-elect Kalidas 9,143,353,406 89.30 1,095,785,455 10.70 10,239,138,861 77.80 7,193,053
Madhavpeddi as a
Director
4. To re-elect Peter 9,789,530,013 96.18 388,631,549 3.82 10,178,161,562 77.33 68,157,349
Coates as a Director
5. To re-elect Martin 9,563,934,786 93.38 677,892,412 6.62 10,241,827,198 77.82 4,504,713
Gilbert as a Director
6. To re-elect Gill 9,936,943,810 97.00 307,498,751 3.00 10,244,442,561 77.84 1,889,350
Marcus as a
Director
7. To re-elect Patrice 9,946,311,300 97.09 298,130,561 2.91 10,244,441,861 77.84 1,890,050
Merrin as a Director
8. To re-elect Cynthia 9,477,816,424 92.52 766,628,122 7.48 10,244,444,546 77.84 1,888,085
Carroll as a Director
9. To elect Gary Nagle 10,122,080,650 98.81 122,357,564 1.19 10,244,438,214 77.84 1,893,300
as a Director
10. To elect David 10,110,616,447 98.69 133,837,346 1.31 10,244,453,793 77.84 1,878,121
Wormsley as a
Director
11. To reappoint 9,898,006,158 96.62 346,350,904 3.38 10,244,357,062 77.84 1,974,762
Deloitte LLP as
auditors
12. To authorise the 10,188,283,859 99.45 56,143,866 0.55 10,244,427,725 77.84 1,904,190
audit committee to
fix the
remuneration of
the auditors
13. To approve the 7,744,347,077 76.28 2,408,000,826 23.72 10,152,347,903 77.14 93,984,011
Company’s 2021
Climate Progress
Report
14. To approve the 9,375,360,448 93.53 648,848,101 6.47 10,024,208,549 76.16 222,123,365
Directors’
Remuneration
Report as set out in
the 2021 Annual
Report
15. To renew the 9,447,365,741 92.22 797,059,535 7.78 10,244,425,276 77.84 1,906,818
authority pursuant
to Article 10.2 of the
Company’s Articles
16. To renew the 9,534,086,256 93.07 710,351,736 6.93 10,244,437,992 77.84 1,893,921
authority conferred
to Directors
pursuant to Article
10.3 to allot equity
securities
17. To empower the 9,628,310,866 93.99 616,129,538 6.01 10,244,440,404 77.84 1,891,510
Directors pursuant
to Article 10.3 to
allot further equity
securities
18. To make market 9,932,221,639 96.98 308,917,111 3.02 10,241,138,750 77.81 5,193,164
purchases of
ordinary shares
*Total voting rights of the shares in issue, excluding 1,424,723,010 shares held in treasury.
We note that Resolution 13, on approving our Climate Progress Report, was supported by the
majority of shareholders. However, we recognise that some shareholders (23.72%) chose not to
support this resolution.
We will continue to engage with shareholders on our Climate Transition Action Plan so as to
ensure their views are fully understood. We will publish an update on this engagement, in
accordance with the UK Corporate Governance Code, within six months of the 2022 AGM.
Distribution
Following the approval of the distribution at the 2022 AGM, shareholders are referred to the announcements dated
15 February 2022 and 19 April 2022 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
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. Through a
network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source,
market and distribute the commodities that enable decarbonisation while meeting the energy needs of
today.
Glencore companies employ around 135,000 people, including contractors. With 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.
Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris
Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased
our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term
target of a 15% reduction by 2026.
Follow us on social media:
www.facebook.com/Glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/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: 29-04-2022 09:24:00
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