REG - Hochschild MiningPLC - Directorate Change

Hochschild MiningAnnouncement

14/12/2023 07:15

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RNS Number : 6942W  Hochschild Mining PLC  14 December 2023

 

 

 

 

 

________________________________________________________________________________________

14 December 2023

 

Hochschild Announces Changes in Board Composition

 

 

Hochschild Mining PLC (the "Company" or "Hochschild") (LSE: HOC) (OTCQX:
HCHDF) today announces that following the successful transition of the
Company's executive leadership, Ignacio Bustamante will be stepping down from
the Board on 31 December 2023.  Furthermore, in line with good governance, on
that date he will be replaced, as the nominee of the Company's largest
shareholder Pelham Investment Corporation ("Pelham"), by current Non-Executive
Director, Jorge Born Jnr.

 

Under the Relationship Agreement entered into between the Company and Pelham
(which is controlled by Eduardo Hochschild), Pelham is entitled, among other
things, to nominate two Non-Executive Directors on the Company's Board for as
long as it holds at least 30% of the Company's ordinary shares.

 

Following the changes referred to above, the Board will comprise 3
non-independent Directors and 5 independent Directors.

 

Eduardo Hochschild, Board Chair, said:

"The Board and I want to thank Ignacio for enabling a smooth transition to our
new leadership team led by Eduardo Landin. We wish Ignacio well in his future
endeavours.

 

I am delighted that Jorge Born will continue to serve on the Board as a
Non-Independent Non-Executive Director. His experience and knowledge of Latin
America, and of Argentina and Brazil in particular, will be invaluable for our
future growth strategy".

________________________________________________________________________________________

 

Enquiries:

 

Hochschild Mining PLC

Charles Gordon
 
                                  +44 (0)20
3709 3264

Head of Investor Relations

 

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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