REG - Fresnillo Plc - Result of AGM

FresnilloAnnouncement

21/05/2024 15:45

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RNS Number : 3392P  Fresnillo PLC  21 May 2024

 
Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com (http://www.fresnilloplc.com)

 

 

21 May 2024

 

FRESNILLO PLC - RESULT OF AGM

 

The Board is pleased to announce that all of the resolutions put to
shareholders at today's Annual General Meeting were passed by means of a poll,
including the ordinary resolutions (resolutions 1 to 18) and special
resolutions (resolutions 19 to 22) as set out in the Company's notice of AGM
dated 23 April 2024. The votes cast for resolutions 9 to 15 relating to the
re-election and election of the independent Directors were duly passed by both
a majority of the votes cast by the independent shareholders as well as by a
majority of votes cast by all shareholders. These votes have been calculated
separately and are shown below (independent shareholder votes cast being
marked **)

 

The final voting figures are shown below.

 

 Resolution                                                                    Total Votes Cast  For (*)              Against (*)         Withheld
                                                                               Number                         %       Number      %
 1: Presentation of the report and accounts                                    651,993,549       651,929,657  99.99   63,892      0.01    3,629,900
 2: To approve the final dividend                                              655,614,185       655,118,933  99.92   495,252     0.08    9,264
 3: To approve the Annual Report on Remuneration                               655,611,399       647,223,058  98.72   8,388,341   1.28    12,050
 4: To re-elect Mr Alejandro Baillères                                         655,611,746       585,163,841  89.25   70,447,905  10.75   11,208
 5: To re-elect Mr Arturo Fernández                                            652,461,760       636,609,976  97.57   15,851,784  2.43    3,161,194
 6: To re-elect Mr Fernando Ruiz                                               655,612,704       637,612,283  97.25   18,000,421  2.75    10,250
 7: To re-elect Mr Eduardo Cepeda                                              655,612,204       606,583,326  92.52   49,028,878  7.48    10,750

 8: To re-elect Mr Charles Jacobs                                              655,612,131       642,974,251  98.07   12,637,880  1.93    10,823
 9: To re-elect Mr Alberto Tiburcio                                            655,611,904       632,978,524  96.55   22,633,380  3.45    11,050
                                                                               103,016,713       80,383,333   78.03   22,633,380  21.97   11,050
 10: To re-elect Dame Judith Macgregor                                         655,611,176       651,388,890  99.36   4,222,286   0.64    11,778
                                                                               103,015,985       98,793,699   95.90   4,222,286   4.10    11,778
 11: To re-elect Ms Georgina Kessel                                            655,612,705       651,384,990  99.36   4,227,715   0.64    10,249
                                                                               103,017,514       98,789,799   95.90   4,227,715   4.10    10,249
 12: To re-elect Ms Guadalupe De la Vega                                       655,612,704       652,149,946  99.47   3,462,758   0.53    10,250
                                                                               103,017,513       99,554,755   96.64   3,462,758   3.36    10,250
 13: To re-elect Mr Hector Rangel                                              655,612,007       651,354,343  99.35   4,257,664   0.65    10,947
                                                                               103,016,816       98,759,152   95.87   4,257,664   4.13    10,947
 14: To elect Ms Luz Adriana Ramírez                                           655,611,767       655,584,498  100.00  27,269      0.00    11,187
                                                                               103,016,576       102,989,307  99.97   27,269      0.03    11,187
 15: To elect Ms Rosa Vázquez                                                  655,612,725       655,585,214  100.00  27,511      0.00    10,229
                                                                               103,017,534       102,990,023  99.97   27,511      0.03    10,229
 16: To re-appoint the auditors                                                655,613,292       648,936,591  98.98   6,676,701   1.02    10,157
 17: To authorise the audit committee to determine the auditors' remuneration  655,611,915       652,565,533  99.54   3,046,382   0.46    11,534
 18: To give authority to Directors allot shares                               655,611,720       655,033,626  99.91   578,094     0.09    11,729
 19: To disapply pre-emption rights                                            655,611,235       651,725,175  99.41   3,886,060   0.59    12,214
 20: To disapply pre-emption rights in in connection with an acquisition or    655,611,237       651,942,205  99.44   3,669,032   0.56    11,717
 other capital investment
 21: To authorise purchase of own shares                                       655,614,270       649,624,945  99.09   5,989,325   0.91    9,179
 22: Notice of general meetings                                                655,613,994       654,392,796  99.81   1,221,198   0.19    9,455

 

(*) = Includes discretionary votes

(**) =Votes cast by the independent shareholders

 

As at the date of the AGM, the number of issued shares and total voting rights
of the Company was 736,893,589 shares in issue. The Company's Articles of
Association set out that every member who is present in person or by proxy
shall have one vote for every share of which he is the holder on a poll. The
scrutineer of the poll was Equiniti Limited.

In accordance with Listing Rule 9.6.2, Fresnillo plc has submitted a copy of
the resolutions dealing with the special business put to shareholders at the
AGM today to the National Storage Mechanism, which will shortly be available
for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(http://www.morningstar.co.uk/uk/nsm)

The Board is pleased with the support from shareholders for the majority of
the resolutions but notes that resolution 9 (re-election of Alberto Tiburcio)
was passed by 96.55% of the total votes cast, and by 78.03% of votes cast by
independent shareholders. As noted in the Annual Report, the Board considers
it to be in the best interests of the Company that Mr Tiburcio serves as a
Director and considers him to be independent in character and judgement. The
Board notes the level of dissent on this resolution among some shareholders
and given the importance of the views of all the Company's shareholders to the
Board, it will engage with those independent shareholders to understand the
reasons for their votes against it. An update will be published on that
engagement within six months.

ENDS

 

For further information, please visit our website www.fresnilloplc.com
(http://www.fresnilloplc.com) or contact:

 FRESNILLO PLC                                                  Tel: +44 (0)20 7399 2470

 London Office

 Gabriela Mayor, IRO

 Mark Mochalski

 Mexico City Office                                             Tel: +52 55 52 79 3206

 Ana Belem Zárate

 Investor Relations

 POWERSCOURT                                                    Tel: +44 (0)7793 858 211

 Peter Ogden

 Public Relations

 

ABOUT FRESNILLO PLC

 

Fresnillo plc is the world's largest primary silver producer
and Mexico's largest gold producer, listed on the London and Mexican Stock
Exchanges under the symbol FRES.

 

Fresnillo plc has eight operating mines, all of them
in Mexico - Fresnillo, Saucito, Juanicipio, Ciénega, Herradura,
Soledad-Dipolos(1), Noche Buena and San Julián (Veins and Disseminated Ore
Body) and four advanced exploration projects - Orisyvo,
Rodeo, Guanajuato and Tajitos as well as a number of other long term
exploration prospects.

 

Fresnillo plc has mining concessions and exploration projects
in Mexico, Peru and Chile.

 

Fresnillo plc's goal is to maintain the Group's position as the world's
largest primary silver company and Mexico's largest gold producer.

 

(1) Operations at Soledad-Dipolos are currently suspended.

 

FORWARD LOOKING STATEMENTS

Information contained in this announcement may include 'forward-looking
statements'. All statements other than statements of historical facts included
herein, including, without limitation, those regarding the Fresnillo Group's
intentions, beliefs or current expectations concerning, amongst other things,
the Fresnillo Group's results of operations, financial position, liquidity,
prospects, growth, strategies and the silver and gold industries are
forward-looking statements. Such forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances.
Forward-looking statements are not guarantees of future performance and the
actual results of the Fresnillo Group's operations, financial position and
liquidity, and the development of the markets and the industry in which the
Fresnillo Group operates, may differ materially from those described in, or
suggested by, the forward-looking statements contained in this document. In
addition, even if the results of operations, financial position and liquidity,
and the development of the markets and the industry in which the Fresnillo
Group operates are consistent with the forward-looking statements contained in
this document, those results or developments may not be indicative of results
or developments in subsequent periods. A number of factors could cause results
and developments to differ materially from those expressed or implied by the
forward-looking statements including, without limitation, general economic and
business conditions, industry trends, competition, commodity prices, changes
in regulation, currency fluctuations (including the US dollar and Mexican Peso
exchanges rates), the Fresnillo Group's ability to recover its reserves or
develop new reserves, including its ability to convert its resources into
reserves and its mineral potential into resources or reserves, changes in its
business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

 

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