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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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