REG - Glencore PLC - PDMR notification: Grant of awards to CEO

GlencoreAnnouncement

18/03/2025 07:15

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RNS Number : 0189B  Glencore PLC  18 March 2025

Glencore plc

Baar, Switzerland

18 March 2025

PDMR notification: Grant of awards to CEO

In line with its Remuneration Policy approved by shareholders on 29 May 2024,
Glencore plc ("Glencore" or the "Company") announces that its Chief Executive
Officer, Gary Nagle, was granted share units in respect of his Career Shares
(CS) award on 17 March 2025. 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 is included in the Directors'
Remuneration Report within the Company's 2024 Annual Report, including
information on previous share units awarded.

Details regarding the share units awarded in 2025 are 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 notification/Amendment                               Initial notification
 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 financial instrument, type of instrument  Awarded units converting into ordinary shares upon vesting date, in line with

                                                            Remuneration Policy.

                                                            Share units awarded under CS vest 3 years following granting date and are
                                                                  subject to performance underpins and a holding period.

     Identification code

                                                                  ISIN: JE00B4T3BW64
 b)  Nature of the transaction                                    Grant of share units under the CS Plan
 c)  Price(s) and volume(s)                                       Price(s) determined for grant (not payable by Executive)                        Volume(s)

                                                                  GBP 3.3537 / USD 4.2116, based on the Volume Weighted Average Price (VWAP) of   2,374,395
                                                                  February 2025.

 d)  Aggregated information                                       As above

     ·    Aggregated volume

     ·    Price
 e)  Date of the transaction                                      17 March 2025
 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

 

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 around 150,000 employees and contractors and a strong footprint in over
30 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. For more
information see our 2024-2026 Climate Action Transition Plan available on our
website at  glencore.com/publications (http://www.glencore.com/publications)
.

 

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.

 

 

 

 

 

 

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