Grant of awards to CEO

RNS Number : 0460F

Glencore PLC

16 March 2022

 

Baar, Switzerland

16 March 2022

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 14 March 2022. 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 are included in the Directors' Remuneration Report that the Company released today in its 2021 Annual Report, including information on previous RSP share units awarded in July 2021 (see pages 112 - 113). However, the share units awarded under the RSP for 2022 listed below were outside the scope of the Directors' Remuneration Report and will be included in the 2022 Annual Report.

Details regarding the share units awarded in 2022 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 notification/Amendment	Initial notification
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 financial instrument, type of instrument Identification code	Awarded units converting into ordinary shares upon vesting date, in line with Remuneration Policy. 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 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 2021 bonus outturn ii) Grant of share units under the RSP
c)	Price(s) and volume(s)	Price(s) i) GBP 3.66 / USD 4.86, based on the Volume Weighted Average Price (VWAP) of December 2021	Volume(s) i) 216,667
		Price(s) ii)  GBP 3.66 / USD 4.86, based on the VWAP of December 2021	Volume(s) ii) 833,556
d)	Aggregated information · Aggregated volume · Price	i) - Aggregated volume: N/A - Price: GBP 792,430 / USD 1,052,719
		ii)  - Aggregated volume: N/A - Price: GBP 3,048,617 / USD 4,050,000
e)	Date of the transaction	14 March 2022
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Investors
Martin Fewings	t: [phone]	m: [phone]	[e-mail]
Media
Charles Watenphul	t: [phone]	m: [phone]	[e-mail]
Company Secretarial
John Burton	t: [phone]	m: [phone]	[e-mail]
Nicola Leigh	t: [phone]	m: [phone]	[e-mail]
Lionel Mateo	t: [phone]	m: [phone]	[e-mail]

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 135,000 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. Our ambition is to be a net zero total emissions company by 2050.

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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.

 

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