M&A - Glencore plc

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000114036125008798

Filing Summary: This Amendment No. 9 is filed to update the Schedule 13D regarding Glencore plc's beneficial ownership of Li-Cycle Holdings Corp. As of March 14, 2025, the Reporting Persons, including Glencore Canada Corporation, may own approximately 66.7% of Li-Cycle's outstanding Common Shares upon conversion of secured and unsecured notes held, alongside additional shares from an incentive award plan. The Reporting Persons are in discussions with the Issuer's management about potential strategic alternatives, including a possible acquisition of the Issuer. This includes a waiver from restrictions on engaging with the Issuer's board concerning acquisition transactions. The filing indicates Glencore's active interest in exploring the acquisition of Li-Cycle or a significant part of its business, with outlines of conversations regarding regulatory approvals and potential transactions noted in the attached letters and waivers from Glencore to the Issuer.

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