Results of 2022 AGM

posted: 28/04/2022

Baar, Switzerland
28 April 2022

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
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED*

VOTES
WITHHELD

1. To receive the Company’s Accounts the reports of the Directors and auditors for the year ended 31 December 2021

10,146,134,663

99.28

73,987,106

0.72

10,220,121,769

77.65

15,138,778

2. To approve the Company’s capital contribution reserves be reduced by US$3.4bn and be repaid to shareholders

10,243,624,761

99.99

822,027

0.01

10,244,446,788

77.84

1,885,126

3. To re-elect Kalidas Madhavpeddi as a Director

9,143,353,406

89.30

1,095,785,455

10.70

10,239,138,861

77.80

7,193,053

4. To re-elect Peter Coates as a Director

9,789,530,013

96.18

388,631,549

3.82

10,178,161,562

77.33

68,157,349

5. To re-elect Martin Gilbert as a Director

9,563,934,786

93.38

677,892,412

6.62

10,241,827,198

77.82

4,504,713

6. To re-elect Gill Marcus as a Director

9,936,943,810

97.00

307,498,751

3.00

10,244,442,561

77.84

1,889,350

7. To re-elect Patrice Merrin as a Director

9,946,311,300

97.09

298,130,561

2.91

10,244,441,861

77.84

1,890,050

8. To re-elect Cynthia Carroll as a Director

9,477,816,424

92.52

766,628,122

7.48

10,244,444,546

77.84

1,888,085

9. To elect Gary Nagle as a Director

10,122,080,650

98.81

122,357,564

1.19

10,244,438,214

77.84

1,893,300

10. To elect David Wormsley as a Director

10,110,616,447

98.69

133,837,346

1.31

10,244,453,793

77.84

1,878,121

11. To reappoint Deloitte LLP as auditors

9,898,006,158

96.62

346,350,904

3.38

10,244,357,062

77.84

1,974,762

12. To authorise the audit committee to fix the remuneration of the auditors

10,188,283,859

99.45

56,143,866

0.55

10,244,427,725

77.84

1,904,190

13. To approve the Company’s 2021 Climate Progress Report

7,744,347,077

76.28

2,408,000,826

23.72

10,152,347,903

77.14

93,984,011

14. To approve the Directors’ Remuneration Report as set out in the 2021 Annual Report

9,375,360,448

93.53

648,848,101

6.47

10,024,208,549

76.16

222,123,365

15. To renew the authority pursuant to Article 10.2 of the Company’s Articles

9,447,365,741

92.22

797,059,535

7.78

10,244,425,276

77.84

1,906,818

16. To renew the authority conferred to Directors pursuant to Article 10.3 to allot equity securities

9,534,086,256

93.07

710,351,736

6.93

10,244,437,992

77.84

1,893,921

17. To empower the Directors pursuant to Article 10.3 to allot further equity securities

9,628,310,866

93.99

616,129,538

6.01

10,244,440,404

77.84

1,891,510

18. To make market purchases of ordinary shares

9,932,221,639

96.98

308,917,111

3.02

10,241,138,750

77.81

5,193,164

*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.

For further information please contact:

Investors

Martin Fewings    
t: +41 41 709 28 80    
m: +41 79 737 56 42    
martin.fewings@greateasyphotos.com

Media

Charles Watenphul
t: +41 41 709 24 62    
m: +41 79 904 33 20    
charles.watenphul@greateasyphotos.com

Company Secretarial            

John Burton    
t: +41 41 709 26 19    
m: +41 79 944 54 34    
john.burton@greateasyphotos.com

Nicola Leigh    
t: +41 41 709 27 55    
m: +41 79 735 39 16    
nicola.leigh@greateasyphotos.com

Lionel Mateo    
t: +41 41 709 28 47    
m: +41 79 152 09 05    
lionel.mateo@greateasyphotos.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

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.