REG - Fresnillo Plc - Board changes

FresnilloAnnouncement

28/03/2024 17:45

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RNS Number : 8061I  Fresnillo PLC  28 March 2024

 
Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

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

 

 28 March 2024

 

Fresnillo plc - Board Changes

 

Fresnillo plc (the "Company") announces that Ms Bárbara Garza Lagüera, who
has served on the Board for more than 10 years, has advised the Board of
Directors of the Company (the "Board") that she intends to stand down from the
Board at the 2024 Annual General Meeting of the Company (AGM), which will be
held on Tuesday 21 May 2024.

 

The Company also announces that the Board has been informed by Mr Juan Bordes,
that he intends to stand down from the Board with effect from the AGM due to
his time commitments and his business responsibilities within the BAL Group,
which will no longer allow him to devote essential time to the Board. Mr
Bordes will continue to act as an adviser to the Chairman and to the Board.

 

The Board has, therefore, invited Mr Charlie Jacobs to continue on the Board
as a Non-Independent Non-Executive Director. As previously announced, Charlie
Jacobs will be stepping down as Senior Independent Director with effect from
the 2024 AGM. The Company is pleased to announce that Mr Jacobs has accepted
the Board's invitation, and he will be proposed for re-election as a
Non-independent Non-executive Director at the AGM, even though the Board
continues to consider him to be independent in character and judgement.

 

Mr Alejandro Baillères, the Company Chairman, commented "I'm very grateful
that Charlie will continue to contribute with his experience and knowledge".

 

Regarding Ms Garza Lagüera's retirement from the Board, Mr Baillères
commented on behalf of the Board "our most heartfelt thanks and recognition
goes to Bárbara for her invaluable years of service to the Company and to
this Board. She will certainly be missed, and we wish her the very best of
luck and our sincere best wishes for this new stage in her professional
activities".

 

Commenting on Mr Bordes' retirement from the Board, Mr Baillères said "I am
grateful to Juan for his wise counsel and valuable contributions to the Board
over many years. I am delighted that he will still be available to advise us
and would like to take the opportunity to thank him for his considerable
service to the Company."

 

The split of independent to non-independent directors will continue to be
compliant with the requirements of the UK Corporate Governance Code after the
AGM.

 

 

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

 POWERSCOURT                                                    Tel: +44 (0)7793 858 211

 Peter Ogden

 

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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