| Thu 23 Mar 2023, 16:20 | | GLENCORE PLC - GLN - Grant of awards to CEO |
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GLN - Grant of awards to CEO
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
23 March 2023
Grant of awards to CEO
In line with its Remuneration Policy approved by shareholders on 29 April 2021, Glencore plc
(“Glencore” or the “Company”) announces that its Chief Executive Officer, Gary Nagle, was
granted share units in respect of the Deferred Bonus and the Restricted Share Plan (RSP) awards
on 23 March 2023. These share units will convert into ordinary shares of the Company on the
vesting date, assuming that all conditions under the Remuneration Policy have been met.
Further details on Mr Nagle’s remuneration is included in the Directors’ Remuneration Report of
the Company’s 2022 Annual Report, including information on previous RSP share units awarded.
However, the share units awarded under the RSP for 2023 listed below (ii) were outside the scope
of the Directors' Remuneration Report and will be included in the 2023 Annual Report.
Details regarding the share units awarded in 2023 is contained in the table below.
PDMR notification
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 Amendment
notification/Amendment
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 Awarded units converting into ordinary shares upon vesting
financial instrument, date, in line with Remuneration Policy.
type of instrument
i) Share units awarded under the deferred bonus award
vest 3 years following granting date and are subject to
continuous employment
ii) Share units awarded under RSP vest 3 years following
granting date and are subject to performance
underpins and holding periods
Identification code ISIN: JE00B4T3BW64
b) Nature of the transaction According to Remuneration Policy, awarded units include:
i) Grant of share units under the deferred bonus award,
representing 50% of 2022 bonus outturn
ii) Grant of share units under the RSP
c) Price(s) and volume(s) Price(s) Volume(s)
i) GBP 5.45 / USD 6.65, based on the i) 316,399
Volume Weighted Average Price
(VWAP) of December 2022
Price(s) Volume(s)
ii) GBP 5.45 / USD 6.65, based on the ii) 608,622
VWAP of December 2022
d) Aggregated information i) - Aggregated volume: N/A
• Aggregated - Price: GBP 1,725,706 / USD 2,105,438
volume
• Price ii) - Aggregated volume: N/A
- Price: GBP 3,319,552 / USD 4,050,000
e) Date of the transaction 23 March 2023
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
Nicola Leigh t: +41 41 709 27 55 m: +41 79 735 39 16 nicola.leigh@glencore.com
Lionel Mateo t: +41 41 709 28 47 m: +41 79 152 09 05 lionel.mateo@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 140,000 employees and contractors and 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.
We recognise our responsibility to contribute to the global effort to achieve the goals of the Paris
Agreement by decarbonising our own operational footprint. We believe that we should take a holistic
approach and have considered our commitment through the lens of our global industrial emissions.
Against a 2019 baseline, we are committed to reducing our Scope 1, 2 and 3 industrial emissions by 15%
by the end of 2026, 50% by the end of 2035 and we have an ambition to achieve net zero industrial
emissions by the end of 2050. For more detail see our 2022 Climate Report on the publication page of
our website at glencore.com/publications.
linkedin.com/company/glencore
twitter.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
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.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 23-03-2023 04:20:00
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