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Glencore plc announced the results of its Annual General Meeting (AGM) held on 28 May 2026. All 17 proposed resolutions, including the approval to reduce capital contribution reserves for repayment to shareholders and the re-election of directors, were carried. The total votes cast for the resolutions represented between 78.05% and 78.33% of the company's issued share capital.
| Date | 28 May 2026 |
| Time | 14:41:40 |
| Category | AGMs and other meetings |
| ID | 1092G |
Glencore plc
Baar, Switzerland
28 May 2026
Results of 2026 AGM
Glencore announces the results of the poll of the resolutions of the Annual General Meeting held today, 28 May 2026. Resolutions 2, 15, 16 and 17 were proposed as special resolutions and all other resolutions were proposed as ordinary resolutions. All resolutions were carried. The full text of the resolutions proposed at the AGM is contained in the Notice of Annual General Meeting, which is available on the Glencore website.
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RESOLUTIONS |
VOTES |
% |
VOTES |
% |
VOTES |
% of ISC VOTED* |
VOTES |
|
1. To receive the Company's accounts and the reports of the Directors and auditors for the year ended 31 December 2025 |
9,176,404,860 |
99.86% |
12,958,487 |
0.14% |
9,189,363,347 |
78.30% |
11,004,923 |
|
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 |
9,184,173,290 |
99.92% |
7,506,433 |
0.08% |
9,191,679,723 |
78.32% |
8,688,547 |
|
3. To re-elect Kalidas Madhavpeddi as a Director |
8,756,238,249 |
95.27% |
434,750,100 |
4.73% |
9,190,988,349 |
78.32% |
9,379,921 |
|
4. To re-elect Gary Nagle as a Director |
9,136,225,669 |
99.40% |
55,150,755 |
0.60% |
9,191,376,424 |
78.32% |
8,991,846 |
|
5. To re-elect Martin Gilbert as a Director |
8,821,021,037 |
95.97% |
369,952,662 |
4.03% |
9,190,973,699 |
78.32% |
9,394,571 |
|
6. To re-elect Gill Marcus as a Director |
9,046,709,384 |
98.44% |
143,674,647 |
1.56% |
9,190,384,031 |
78.31% |
9,984,239 |
|
7. To re-elect Cynthia Carroll as a Director |
8,944,277,630 |
97.32% |
246,705,158 |
2.68% |
9,190,982,788 |
78.32% |
9,385,482 |
|
8. To re-elect Liz Hewitt as a Director |
9,132,948,196 |
99.38% |
57,425,210 |
0.62% |
9,190,373,406 |
78.31% |
9,994,864 |
|
9. To re-elect John Wallington as a Director |
8,748,484,641 |
95.43% |
418,942,558 |
4.57% |
9,167,427,199 |
78.12% |
32,941,070 |
|
10. To re-elect María Margarita Zuleta as a Director |
9,144,245,575 |
99.50% |
46,143,415 |
0.50% |
9,190,388,990 |
78.31% |
9,979,280 |
|
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 |
8,783,427,107 |
95.55% |
408,621,268 |
4.45% |
9,192,048,375 |
78.33% |
8,318,014 |
|
12. To authorise the audit committee to fix the remuneration of the auditors |
9,103,486,167 |
99.04% |
88,020,602 |
0.96% |
9,191,506,769 |
78.32% |
8,859,620 |
|
13. To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the 2025 Annual Report |
8,780,790,886 |
95.54% |
410,208,140 |
4.46% |
9,190,999,026 |
78.32% |
9,367,363 |
|
14. To renew the authority pursuant to Article 10.2 of the Company's Articles |
8,476,321,800 |
92.22% |
715,487,248 |
7.78% |
9,191,809,048 |
78.33% |
8,557,341 |
|
15. 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 |
8,479,718,828 |
92.58% |
680,031,319 |
7.42% |
9,159,750,147 |
78.05% |
40,616,242 |
|
16. To authorise the Company generally and unconditionally pursuant to Article 57 of the Companies (Jersey) Law 1991 to make market purchases of Shares on the SIX Swiss Exchange |
8,875,365,435 |
96.57% |
315,333,223 |
3.43% |
9,190,698,658 |
78.32% |
9,667,731 |
|
17. That pursuant to Article 57(3) of the Companies (Jersey) Law 1991, the buyback contract entered into between the Company and UBS AG provided to the AGM be and is approved |
9,090,973,268 |
98.92% |
99,686,791 |
1.08% |
9,190,660,059 |
78.32% |
9,706,330 |
*Total voting rights of the shares in issue, excluding 1,268,109,041 shares held in treasury.
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. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.
With over 140,000 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 offices.
Glencore's customers are principally 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.
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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 2025 Annual Report, which is available at glencore.com/publications. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from any future events, results, performance, achievements or other outcomes expressed or implied by such forward-looking statements. 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.