Key facts
- This page summarizes Glencore AG's Form 3 filing for Li-Cycle Holdings Corp. (LICYF).
- 0 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 29 Dec 2023, 16:58.
Glencore AG - 29 Dec 2023 Form 3 Insider Report for Li-Cycle Holdings Corp. (LICYF)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- LICYF
- Reported as of
- 29 Dec 2023
- Net transaction value
- $0
- SEC form
- 3
- Accepted by SEC
- 29 Dec 2023, 16:58:34 UTC
- Prior SEC filing
- 03 Oct 2022
- Source filing
- View source filing
- Reporting owner signature
- See Exhibit 99.1
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Glencore AG filed Form 3 for Li-Cycle Holdings Corp. (LICYF) on 29 Dec 2023.
Change
- Previous filing in this sequence was filed on 03 Oct 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Official SEC source
View source filing
Ownership activity is grounded in SEC Form 3 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LICY
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 59,385
- Date
- 29 Dec 2023
- Ownership
- See Footnotes
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LICY
holding
Derivative
Convertible Notes
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- Date
- 29 Dec 2023
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 22,649,003
- Exercise price
- Footnotes
- F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
This form is being filed by each of the following reporting persons: Glencore AG, Glencore International AG and Glencore plc (collectively, the "Reporting Persons"). Glencore AG (and Glencore Ltd., which is a branch of Glencore AG) is a direct wholly-owned subsidiary of Glencore International AG and an indirect wholly-owned subsidiary of Glencore plc. Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
Footnote F2
Represents 18,072 common shares and 41,313 restricted stock units ("RSUs") awarded to Mr. Kunal Sinha under the Li-Cycle Holdings Corp. 2021 Incentive Award Plan. Each RSU represents the contingent right to receive one common share of the Issuer subject to time-vesting conditions in accordance with the underlying award and Mr. Sinha's continued service through such vesting date. Mr. Sinha is the Head of Recycling at Glencore plc and holds the securities reported herein for the benefit of the Reporting Persons, and may, after vesting, if applicable, transfer the securities directly to the Reporting Persons.
Footnote F3
Currently exercisable.
Footnote F4
The Convertible Notes are due and payable on May 31, 2027 in an amount equal to the principal amount of the Convertible Notes outstanding on such date (plus any accrued but unpaid interest thereon), unless earlier converted, redeemed or repurchased.
Footnote F5
Represents the number of Common Shares of the Issuer issuable to Glencore Ltd., a branch of Glencore AG, as of December 29, 2023, upon conversion of all of the Convertible Notes held by Glencore Ltd. at the current conversion price (the "Conversion Price"), which is subject to adjustment. The Convertible Notes accrue interest payable semi-annually, either in cash or by payment-in-kind ("PIK"), in the Issuer's discretion. The Convertible Notes accrue interest at the forward-looking term rate based on the secured overnight financing rate for a tenor comparable to the relevant interest payment period plus 0.42826% (the "Floating Rate"), plus 5% per annum if interest is paid in cash and plus 6% per annum if interest is paid in PIK. The Floating Rate cannot be less than 1% per year nor more than 2% per year.
Footnote F6
The Conversion Price of the Convertible Notes is $9.95 per $1,000 principal amount of the Convertible Notes, subject to adjustment in accordance with the terms of the Convertible Notes.
SEC remarks
This Form 3 is being filed because, beginning January 1, 2024, the Issuer will no longer be eligible to use the forms and rules designated by the Securities and Exchange Commission for foreign private issuers (as defined in Rule 3b-4 of the Securities Exchange Act of 1934, as amended). Exhibit 99.1 (Joint Filer Information and Signatures) is hereby incorporated herein by reference.