Cancellation of treasury shares

Glencore PLC

08 September 2023

 

Glencore plc

Baar, Switzerland

8 September 2023

Cancellation of treasury shares

In line with the Company's policy to maintain its number of treasury shares below 10% of total issued share capital from time to time, the Company announces today the cancellation of 100,000,000 treasury shares.

The Company furthermore announces the transfer of 25 million treasury shares, at market value, to the Company's employee benefit trust (EBT) to satisfy potential awards under the Company's employee share schemes.

Following these actions, as of opening of dealings today, the total number of ordinary shares in treasury was 1,231,123,041, representing approximately 9.05% of the Company's total issued share capital.

In accordance with Listing Rule 12.6.4, the Company discloses the following information:

Date of cancellation	8 September 2023
Number of treasury shares cancelled	100,000,000
Number of treasury shares transferred to EBT	25,000,000
Total number of issued ordinary shares following the cancellation	13,600,000,000
Total number of treasury shares following the cancellation and transfer	1,231,123,041
Total number of ordinary shares less treasury shares	12,368,876,959

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 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.

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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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