By Joe Hoppe

 

Glencore PLC said Wednesday that it has postponed its annual general meeting on May 6 after the Swiss Federal Council's decree banning public meetings.

The Anglo-Swiss commodities giant--one of the world's biggest producers of raw materials such as copper, cobalt and coal--said that it must hold the meeting by June 30 under its articles of association, and will provide a new date by the end of May

The company will update its shareholders about the effect of the coronavirus pandemic and corresponding restrictions at the meeting, it said.

Shares in London at 1515 GMT were down 10.46 pence, or 7%, at 127.38 pence.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

March 18, 2020 11:40 ET (15:40 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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