t
| Date | 14 Mar 2025 |
| Time | 07:00:10 |
| Category | Director/PDMR dealings |
| ID | 6260A |
Glencore plc
Baar, Switzerland
14 March 2025
PDMR notification: Vesting of awards to CEO
The Company announces the vesting on 13 March 2025 of shares granted to its Chief Executive Officer, Gary Nagle, in respect of a Deferred Bonus Award (DBA) and a Restricted Share Plan (RSP) award. Further details on Mr Nagle's remuneration are included in the Directors' Remuneration Report in the 2024 Annual Report that the Company intends to release on 18 March 2025. However, the vestings set out below will be included in the 2025 Directors' Remuneration Report in the 2025 Annual Report.
Details regarding the vested shares are contained are the table below.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Gary Nagle |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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a) |
Name |
Glencore plc |
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b) |
LEI |
2138002658CPO9NBH955 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Vesting of units now converted into ordinary shares of the Company: i) Share units awarded under the DBA have fully vested 3 years following grant date ii) Share units awarded under RSP have fully vested 3 years following grant date, following an assessment by the Remuneration Committee of the performance underpins. They remain subject to a holding period of 2 years post-retirement. ISIN: JE00B4T3BW64 |
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b) |
Nature of the transaction |
Vesting on 13 March 2025 into ordinary shares of awarded units following: i) Grant of share units under the DBA ii) Grant of share units under the RSP The grants were made on 14 March 2022. |
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c) |
Price(s) and volume(s) |
i) Shares vested under DBA |
Volume(s) i) 216,667
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ii) Shares vested under RSP |
Volume(s) ii) 833,556 |
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d) |
Aggregated information · Aggregated volume · Price |
Aggregate number of shares vested: (No price paid.)
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Volume(s) 1,050,223
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e) |
Date of the transaction |
13 March 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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For further information please contact:
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Investors |
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Martin Fewings |
t: +41 41 709 28 80 |
m: +41 79 737 56 42 |
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Media |
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Charles Watenphul |
t: +41 41 709 24 62 |
m: +41 79 904 33 20 |
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Company Secretarial |
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John Burton |
t: +41 41 709 26 19 |
m: +41 79 944 54 34 |
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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 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 Half Year 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.