REG - Hochschild MiningPLC - Result of AGM
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21 May 2020
Result of AGM
Hochschild Mining PLC (the "Company") announces the results detailed below of the poll taken at the Annual General Meeting ("AGM") held this morning at which all proposed resolutions were passed.
The Board notes the level of votes against the re-election of Dionisio Romero Paoletti in light of the number of publicly listed boards of which he is a member. The board of directors ("the Board") has considered the matter, noting that Mr Romero serves on the Hochschild Board as a nominee director of the Company's major shareholder, Pelham Investment Corporation, which is ultimately controlled by Eduardo Hochschild.
Mr Romero has continued to reassure the Board of his availability and commitment to the Company particularly in light of the fact that he will be relinquishing, next month, his executive directorship of NYSE-listed financial holding company, Credicorp.
The Company has engaged with its major shareholders to discuss their concerns relating to Mr Romero's board membership and will continue to do so.
Copy of Resolutions
A copy of the resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Note
The number of Ordinary Shares in issue on 19 May 2020 at 6pm was 513,875,563. Shareholders are entitled to one vote per share. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes cast.
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Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)20 3709 3260
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
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About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.
LEI: 549300JK10TVQ3CCJQ89
Resolution
("O" denotes Ordinary Resolution, "S" denotes Special Resolution)
VOTES FOR
% OF VOTES CAST 1
VOTES AGAINST
% OF VOTES CAST 1
TOTAL VOTES
VOTES WITHHELD
1
Receipt of 2019 Report and Accounts (O)
391,598,750
99.97
130,254
0.03
391,729,004
231,233
2
Approve 2019 Directors' Remuneration Report (O)
372,486,543
95.04
19,439,702
4.96
391,926,245
33,991
3
Re-elect Graham Birch (O)
391,472,587
99.88
457,659
0.12
391,930,246
29,991
Votes of the independent shareholders2
132,887,214
99.66
457,659
0.34
133,344,873
29,991
4
Re-elect Jorge Born Jr. (O)
390,949,201
99.75
981,045
0.25
391,930,246
29,991
Votes of the independent shareholders2
132,363,828
99.26
981,045
0.74
133,344,873
29,991
5
Re-elect Ignacio Bustamante (O)
391,486,464
99.89
443,782
0.11
391,930,246
29,991
6
Re-elect Eduardo Hochschild (O)
337,879,100
86.21
54,051,145
13.79
391,930,245
29,991
7
Re-elect Eileen Kamerick (O)
391,391,243
99.86
539,003
0.14
391,930,246
29,991
Votes of the independent shareholders2
132,805,870
99.60
539,003
0.40
133,344,873
29,991
8
Re-elect Dionisio Romero Paoletti (O)
303,853,362
77.53
88,076,883
22.47
391,930,245
29,991
9
Re-elect Michael Rawlinson (O)
374,204,208
95.48
17,726,037
4.52
391,930,245
29,991
Votes of the independent shareholders2
115,618,835
86.70
17,726,037
13.30
133,344,872
29,991
10
Re-elect Sanjay Sarma (O)
391,472,588
99.88
457,658
0.12
391,930,246
29,991
Votes of the independent shareholders2
132,887,215
99.66
457,658
0.34
133,344,873
29,991
11
Re-appoint Ernst & Young LLP as auditors (O)
391,799,992
99.97
130,254
0.03
391,930,246
29,991
12
Authorise the Audit Committee to set the auditors' remuneration (O)
391,928,746
99.99
1,500
0.01
391,930,246
29,991
13
Authorise directors to allot shares/grant rights to subscribe for or to convert any securities into shares (O)
390,542,422
99.64
1,417,065
0.36
391,959,487
750
14
Disapply statutory pre-emption rights (S)
386,059,370
98.49
5,900,867
1.51
391,960,237
0
15
Disapply statutory pre-emption rights to finance an acquisition or other capital investment (S)
391,927,411
99.99
32,826
0.01
391,960,237
0
16
Authorise the Company to make market purchases of own shares (S)
386,230,337
98.54
5,716,966
1.46
391,947,303
12,933
17
Authorise general meetings other than AGMs to be called on not less than 14 clear days' notice (S)
387,805,030
98.94
4,155,207
1.06
391,960,237
0
1. Excludes votes withheld
2. Under Listing Rule 9.2.2E R, resolutions on the re-election of any independent director must be approved by (a) the shareholders of the Company; and (b) the independent shareholders of the Company (i.e. excluding the 258,565,373 shares owned by Pelham Investment Corporation which is ultimately controlled by Eduardo Hochschild)
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