REG - Fresnillo Plc - 2024 Annual General Meeting Voting Outcome Update

FresnilloAnnouncement

20/11/2024 09:00

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RNS Number : 9691M  Fresnillo PLC  20 November 2024

 
      Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

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

 

20 November 2024

 

 

2024 Annual General Meeting Voting Outcome Update

 

In accordance with Provision 4 of the UK Corporate Governance Code, the
Company hereby provides an update on the actions taken in response to the
level of votes cast against one of the resolutions (resolution 9) proposed at
the Company's Annual General Meeting held on 21 May 2024. In particular,
resolution 9, sought to approve the re-election of Alberto Tiburcio, an
Independent Non-Executive Director of the Company.

As announced on 21 May 2024, resolution 9 was passed by 96.55% of the total
votes cast, and by 78.03% of votes cast by independent shareholders. Whilst
the Board was pleased to note that a clear majority of independent
shareholders were supportive of Mr Tiburcio's re-election, it has sought to
engage with the limited number of independent shareholders who voted against
resolution 9 to understand the reasons for their votes.

From the discussions to date, the Board understands that those shareholders
who voted against the re-election of Mr Tiburcio did so for a small number of
reasons rather than having one substantive concern. These reasons include
queries regarding (i) whether Mr Tiburcio, due to his commitments on other
Boards, has the capacity to devote sufficient time to effectively discharge
his duties for the Company, as well as (ii) Mr Tiburcio acting as Chairman of
two Board Committees (Audit and Remuneration). This will be addressed when
preparing the Company's Annual Report and Accounts for 2024 and the Company
notes that Mr Tiburcio has not missed a single Board or Board Committee
meeting since his designation as a Director.

Mr Tiburcio is a committed and hardworking Director whose contributions to the
Board as an Independent Director and to the Audit and Remuneration Committees
as Chairman of both have been very valuable and greatly appreciated by his
Board colleagues and the senior Executive Team. In that regard, the Company
notes that the proposal to re-elect Mr Tiburcio as an Independent
Non-Executive Director of the Company at the 2024 Annual General Meeting, as
well as his designation by the Board as Chairman of the Audit and Remuneration
Committees, received unanimous Board support.

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, Head of Investor Relations

 Mark Mochalski
 Mexico City Office                                                   Tel: +52 55 52 79 3206

 Ana Belem Zárate
 SODALI

 Peter Ogden                                                          Tel: +44 (0)7793 858 211

 

 

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.

 

 

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