Last checked at 2 Jun 2020 12:14
Glencore plc
Baar, Switzerland
2 June 2020
Results of the 2020 AGM
Glencore announces the results of the poll of the resolutions of the Annual General Meeting held today, 2 June 2020. Resolutions 16, 17 and 18 were proposed as special resolutions and all other resolutions were proposed as ordinary resolutions. All resolutions were carried.
RESOLUTIONS | VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED * | VOTESWITHHELD |
1. To receive the Company's Accounts and the reports of the Directors and auditors for the year ended 31 December 2019 | 9,869,181,257 | 97.84 | 217,922,370 | 2.16 | 10,087,103,627 | 75.70% | 4,069,697 |
2. To re-elect Anthony Hayward (Chairman) as a Director | 9,606,993,043 | 96.04 | 396,381,740 | 3.96 | 10,003,374,783 | 75.08% | 87,798,142 |
3. To re-elect Ivan Glasenberg (Chief Executive Officer) as a Director | 9,837,267,834 | 98.39 | 160,774,935 | 1.61 | 9,998,042,769 | 75.04% | 93,127,206 |
4. To re-elect Peter Coates (Non-Executive Director) as a Director | 9,627,853,169 | 96.31 | 368,519,476 | 3.69 | 9,996,372,645 | 75.02% | 94,800,680 |
5. To re-elect Leonhard Fischer (Independent Non-Executive Director) as a Director | 9,477,047,346 | 93.93 | 612,005,688 | 6.07 | 10,089,053,034 | 75.72% | 2,120,289 |
6. To re-elect Martin Gilbert (Independent Non-Executive Director) as a Director | 9,529,466,324 | 94.47 | 558,075,897 | 5.53 | 10,087,542,221 | 75.71% | 3,631,104 |
7. To re-elect John Mack (Independent Non-Executive Director) as a Director | 9,476,631,597 | 93.92 | 613,927,455 | 6.08 | 10,090,559,052 | 75.73% | 614,272 |
8. To re-elect Gill Marcus (Independent Non-Executive Director) as a Director | 10,011,505,347 | 99.22 | 79,058,979 | 0.78 | 10,090,564,326 | 75.73% | 608,999 |
9. To re-elect Patrice Merrin (Independent Non-Executive Director) as a Director | 9,686,719,220 | 96.00 | 403,274,113 | 4.00 | 10,089,993,333 | 75.73% | 1,179,991 |
10. To elect Kalidas Madhavpeddi (Independent Non-Executive Director) as a Director | 9,571,712,988 | 94.86 | 518,864,335 | 5.14 | 10,090,577,323 | 75.73% | 596,002 |
11. To approve the Directors' Remuneration Policy as set out in Part A of the Directors' Remuneration Report in the 2019 Annual Report | 9,718,437,304 | 97.28 | 271,822,039 | 2.72 | 9,990,259,343 | 74.98% | 100,913,371 |
12. To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the 2019 Annual Report | 9,655,344,116 | 96.59 | 341,081,734 | 3.41 | 9,996,425,850 | 75.02% | 94,747,475 |
13. 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 | 9,975,942,460 | 99.80 | 20,346,345 | 0.20 | 9,996,288,805 | 75.02% | 94,884,520 |
14. To authorise the audit committee to fix the remuneration of the auditors | 10,079,208,648 | 99.89 | 11,280,424 | 0.11 | 10,090,489,072 | 75.73% | 684,253 |
15. To renew the authority pursuant to Article 10.2 of the Company's Articles | 9,680,743,194 | 95.94 | 409,471,168 | 4.06 | 10,090,214,362 | 75.73% | 958,963 |
16. To empower the Directors to allot equity securities | 9,828,170,319 | 97.81 | 220,272,715 | 2.19 | 10,048,443,034 | 75.41% | 831,954 |
17. To renew the authority pursuant to Article 10.3 of the Company's Articles | 9,731,685,942 | 96.45 | 358,662,934 | 3.55 | 10,090,348,876 | 75.73% | 824,449 |
18. To make market purchases of the Company's ordinary shares | 9,877,319,115 | 97.91 | 210,329,726 | 2.09 | 10,087,648,841 | 75.71% | 3,514,483 |
\* Total voting rights of the shares in issue, excluding 1,261,887,525 shares held in treasury.
For further information please contact:
Company Secretarial | |||
Lionel Mateo | t: +41 41 709 2847 | m: +41 79 152 0905 | lionel.mateo@glencore.com |
Marie-Astrid Kerdranvat | t: +41 41 709 3830 | m: +41 79 763 4089 | marieastrid.kerdranvat@glencore.com |
John Burton | t: +41 41 709 2619 | m: +41 79 944 5434 | john.burton@glencore.com |
Investors | |||
Martin Fewings | t: +41 41 709 2880 | m: +41 79 737 5642 | martin.fewings@glencore.com |
Maartje Collignon | t: +41 41 709 3269 | m: +41 79 197 4202 | maartje.collignon@glencore.com |
Media | |||
Charles Watenphul | t: +41 41 709 24 62 | m: +41 79 904 33 20 | charles.watenphul@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 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing 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's companies employ around 160,000 people, including contractors.
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.
www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.youtube.com/glencorevideos
DisclaimerThe 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.