REG - Hochschild MiningPLC - AGM Update

Hochschild MiningAnnouncement

08/12/2023 11:00

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RNS Number : 2054W  Hochschild Mining PLC  08 December 2023

 

 

 

 

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8 December 2023

Update statement on 2023 AGM voting result

 

In accordance with the UK Corporate Governance Code, Hochschild Mining PLC
(the "Company") provides an update on the actions taken in response to the
level of votes cast against the re-election of the Chair, Eduardo Hochschild,
at this year's AGM.

 

As indicated in June, the Company has engaged with its largest shareholders in
relation to the renewal of the Directors' Remuneration Policy as well as
general governance matters.  This has confirmed that the voting on Eduardo
Hochschild's re-election reflected concerns on his tenure as Chair and the
lack of a defined succession plan and a publicly disclosed definitive timeline
for retirement.

 

The Board believes that, taking into account Eduardo Hochschild's
long-standing involvement with the Company, his significant shareholding, and
the governance structure and practices that have been adopted, his continued
role as Company Chair remains in the best interests of the Company.

 

As is the case for all key leadership positions, the Company has a succession
plan in place in relation to the Chair. Whilst there are no short or
medium-term plans for Eduardo Hochschild to retire, details of a longer-term
timeline for his retirement will be disclosed in the 2023 Annual Report.

________________________________________________________________________________________

 

Enquiries:

 

Hochschild Mining PLC

Raj Bhasin
 
 
                                     +44 (0)7825 533495

Company Secretary

 

Hudson Sandler

Charlie
Jack
                        +44 (0)20 7796 4133

Public Relations

________________________________________________________________________________________

 

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 owns
the Mara Rosa Advanced Project in Brazil as well as numerous long-term
projects throughout the Americas.

___________________________________________________________________________________

 

Forward looking statements

This announcement may contain forward looking statements. By their nature,
forward looking statements involve risks and uncertainties because they relate
to events and depend on circumstances that will or may occur in the future.
Actual results, performance or achievements of Hochschild Mining PLC may, for
various reasons, be materially different from any future results, performance
or achievements expressed or implied by such forward looking statements.

 

The forward looking statements reflect knowledge and information available at
the date of preparation of this announcement. Except as required by the
Listing Rules and applicable law, the Board of Hochschild Mining PLC does not
undertake any obligation to update or change any forward looking statements to
reflect events occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit forecast.

 

LEI: 549300JK10TVQ3CCJQ89

 

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