28th May 2025 14:42
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 FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC VOTED* | VOTES WITHHELD |
1. To receive the Company's accounts and the reports of the Directors and auditors for the year ended 31 December 2024 | 8,796,884,619 | 99.91% | 8,262,183 | 0.09% | 8,805,146,802 | 73.52% | 52,377,979 |
2. To approve that the Company's capital contribution reserves (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 | 8,855,914,362 | 99.99% | 1,011,125 | 0.01% | 8,856,925,487 | 73.95% | 599,293 |
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 until the conclusion of the next general meeting at which accounts are laid | 8,582,773,287 | 96.91% | 273,918,686 | 3.09% | 8,856,691,973 | 73.95% | 832,807 |
12. To authorise the audit committee to fix the remuneration of the auditors | 8,806,190,870 | 99.43% | 50,498,433 | 0.57% | 8,856,689,303 | 73.95% | 835,478 |
13. To approve the Directors' Remuneration Policy (excluding the Directors' Renumeration Policy) as set out in the 2024 Annual Report | 8,504,898,069 | 97.43% | 224,140,598 | 2.57% | 8,729,038,667 | 72.88% | 128,486,112 |
14. To renew the authority pursuant to Article 10.2 of the Company's Articles | 8,325,233,875 | 94.00% | 531,496,628 | 6.00% | 8,856,730,503 | 73.95% | 794,276 |
15. Irrespective of whether Resolution 16 is passed, if Resolution 14 is passed, to authorise the Directors pursuant to Article 10.3 of the Articles to allot equity securities for an Allotment Period | 7,696,814,923 | 86.91% | 1,158,999,292 | 13.09% | 8,855,814,215 | 73.94% | 1,710,537 |
16. That in accordance with Article 40A of the Companies (Jersey) Law 1991, all of the Company's shares shall be converted into no par value shares | 8,835,239,694 | 99.76% | 21,299,595 | 0.24% | 8,856,539,289 | 73.95% | 985,489 |
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 | |
Media | |||
Charles Watenphul
| t: +41 41 709 24 62 | m: +41 79 904 33 20 | |
Company Secretarial | |||
John Burton | t: +41 41 709 26 19 | m: +41 79 944 54 34 | |
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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