REG - Glencore PLC - Results of 2025 AGM

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RNS Number : 4653K  Glencore PLC  28 May 2025

 

 

Glencore plc

Baar, Switzerland

28 May 2025

 

Results of 2025 AGM

 

Glencore announces the results of the poll of the resolutions of the Annual
General Meeting held today, 28 May 2025. Resolutions 2, 15, 16 and 17 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
                                                                                  FOR                    AGAINST                TOTAL                           WITHHELD
 1.     To receive the Company's accounts and the reports of the Directors        8,796,884,619  99.91%  8,262,183      0.09%   8,805,146,802  73.52%           52,377,979
 and auditors for the year ended 31 December 2024
 2.     To approve that the Company's capital contribution reserves               8,855,914,362  99.99%  1,011,125      0.01%   8,856,925,487  73.95%           599,293
 (forming part of its share premium account) be reduced and be repaid to
 shareholders as per the terms set out in the notice of meeting
 3.     To re-elect Kalidas Madhavpeddi as a Director                             8,344,965,588  95.20%  420,482,696    4.80%   8,765,448,284  73.19%           92,076,486
 4.     To re-elect Gary Nagle as a Director                                      8,792,597,335  99.28%  64,072,639     0.72%   8,856,669,974  73.95%           854,807
 5.     To re-elect Martin Gilbert as a Director                                  8,714,802,494  98.40%  141,808,126    1.60%   8,856,610,620  73.95%           914,161
 6.     To re-elect Gill Marcus as a Director                                     8,752,963,691  98.83%  103,663,935    1.17%   8,856,627,626  73.95%           897,153
 7.     To re-elect Cynthia Carroll as a Director                                 8,636,785,708  97.67%  205,695,051    2.33%   8,842,480,759  73.83%           15,044,022
 8.     To re-elect Liz Hewitt as a Director                                      8,720,226,259  98.46%  136,398,079    1.54%   8,856,624,338  73.95%           900,442
 9.     To elect John Wallington as a Director                                    8,740,521,925  98.69%  116,091,971    1.31%   8,856,613,896  73.95%           910,883
 10.    To elect María Margarita Zuleta as a Director                             8,841,012,352  99.82%  15,555,894     0.18%   8,856,568,246  73.95%           956,535
 11.    To reappoint Deloitte LLP as the Company's auditors to hold office        8,582,773,287  96.91%  273,918,686    3.09%   8,856,691,973  73.95%           832,807
 until the conclusion of the next general meeting at which accounts are laid
 12.    To authorise the audit committee to fix the remuneration of the           8,806,190,870  99.43%  50,498,433     0.57%   8,856,689,303  73.95%           835,478
 auditors
 13.    To approve the Directors' Remuneration Policy (excluding the              8,504,898,069  97.43%  224,140,598    2.57%   8,729,038,667  72.88%           128,486,112
 Directors' Renumeration Policy) as set out in the 2024 Annual Report
 14.    To renew the authority pursuant to Article 10.2 of the Company's          8,325,233,875  94.00%  531,496,628    6.00%   8,856,730,503  73.95%           794,276
 Articles
 15.     Irrespective of whether Resolution 16 is passed, if Resolution 14        7,696,814,923  86.91%  1,158,999,292  13.09%  8,855,814,215  73.94%           1,710,537
 is passed, to authorise the Directors pursuant to Article 10.3 of the Articles
 to allot equity securities for an Allotment Period
 16.    That in accordance with Article 40A of the Companies (Jersey) Law         8,835,239,694  99.76%  21,299,595     0.24%   8,856,539,289  73.95%           985,489
 1991, all of the Company's shares shall be converted into no par value shares
 17.    To make market purchases of ordinary shares                               7,540,371,814  96.54%  269,936,214    3.46%   7,810,308,028  65.21%           1,047,216,750

*Total voting rights of the shares in issue, excluding 1,248,038,041 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 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.

 

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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 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.

 

 

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