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