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

GlencoreAnnouncement

14/03/2025 07:00

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RNS Number : 6260A  Glencore PLC  14 March 2025

Glencore plc

Baar, Switzerland

14 March 2025

PDMR notification: Vesting of awards to CEO

The Company announces the vesting on 13 March 2025 of shares granted to its
Chief Executive Officer, Gary Nagle, in respect of a Deferred Bonus Award
(DBA) and a Restricted Share Plan (RSP) award. Further details on Mr Nagle's
remuneration are included in the Directors' Remuneration Report in the 2024
Annual Report that the Company intends to release on 18 March 2025. However,
the vestings set out below will be included in the 2025 Directors'
Remuneration Report in the 2025 Annual Report.

Details regarding the vested shares are contained are the table below.

 

 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  Vesting of units now converted into ordinary shares of the Company:

                                                                  i) Share units awarded under the DBA have fully vested 3 years following grant

                                                            date

                                                            ii) Share units awarded under RSP have fully vested 3 years following grant
                                                                  date, following an assessment by the Remuneration Committee of the performance

                                                            underpins. They remain subject to a holding period of 2 years post-retirement.

                                                            ISIN: JE00B4T3BW64
     Identification code
 b)  Nature of the transaction                                    Vesting on 13 March 2025 into ordinary shares of awarded units following:

                                                                  i) Grant of share units under the DBA

                                                                  ii) Grant of share units under the RSP

                                                                  The grants were made on 14 March 2022.
 c)  Price(s) and volume(s)                                       i) Shares vested under DBA                Volume(s)

                                                                                                            i) 216,667

     ii)  Shares vested under RSP                                                                            Volume(s)

                                                                                                            ii) 833,556
 d)  Aggregated information                                       Aggregate number of shares vested:        Volume(s)

     ·    Aggregated volume                                       (No price paid.)                          1,050,223

     ·    Price
 e)  Date of the transaction                                      13 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)
.

 

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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 2024 Half Year 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.

 

 

 

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