Result of AGM

RNS Number : 7517Z

Fresnillo PLC

21 May 2019

 

                                                                                                        Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

21 May 2019

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 19) and special resolutions (resolutions 20 to 23) as set out in  the Company's notice of AGM dated 16 April 2019. The votes cast for resolutions 10 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 accounts	687,898,689	687,897,889	100.00	800	0.00	95,282
2: To approve the final dividend	687,983,544	687,983,544	100.00	0	0.00	10,427
3: To approve the Annual Report on Remuneration	687,978,210	683,901,409	99.41	4,076,801	0.59	15,761
4: To re-elect Mr Alberto Baillères	659,419,970	609,182,667	92.38	50,237,303	7.62	28,574,000
5: To re-elect Mr Alejandro Baillères	687,980,500	683,120,538	99.29	4,859,962	0.71	13,470
6: To re-elect Mr Juan Bordes	687,415,873	680,496,283	98.99	6,919,590	1.01	578,097
7: To re-elect Mr Arturo Fernández	687,415,818	680,496,228	98.99	6,919,590	1.01	578,157
8: To re-elect Mr Jaime Lomelín	687,980,500	686,791,496	99.83	1,189,004	0.17	13,470
9: To re-elect Mr Fernando Ruiz	687,407,586	610,041,187	88.75	77,366,399	11.25	586,384
10: To re-elect Mr Charles Jacobs	687,979,401	684,598,727	99.51	3,380,674	0.49	14,570
	135,384,210**	132,003,536	97.50	3,380,674	2.50	14,570
11: To re-elect Ms Bárbara Garza Lagüera	687,414,774	683,437,252	99.42	3,977,522	0.58	579,197
	134,819,583**	130,842,061	97.05	3,977,522	2.95	579,197
12. To re-elect Mr Alberto Tiburcio	687,949,400	684,333,405	99.47	3,615,995	0.53	14,570
	135,354,209**	131,738,214	97.33	3,615,995	2.67	14,570
13. To re-elect Dame Judith Macgregor	687,979,401	687,943,688	99.99	35,713	0.01	14,570
	135,384,210**	135,348,497	99.97	35,713	0.03	14,570
14. To re-elect Ms Georgina Kessel	687,978,901	687,947,463	100.00	31,438	0.00	15,070
	135,383,710**	135,352,272	99.98	31,438	0.02	15,070
15. To elect Mr Luis Robles	687,978,951	687,975,850	100.00	3,101	0.00	14,520
	135,383,760**	135,380,659	100.00	3,101	0.00	14,520
16. To approve Directors Remuneration Policy	687,724,009	681,945,248	99.16	5,778,761	0.84	269,961
17:To appoint the auditors	687,975,172	682,438,490	99.20	5,536,682	0.80	18,798
18: To allow the audit committee to determine the auditors remuneration	687,983,277	685,258,850	99.60	2,724,427	0.40	10,694
19: To give authority to Directors allot shares	687,982,322	686,720,113	99.82	1,262,209	0.18	11,649
20: To disapply pre-emption rights	687,982,487	687,552,777	99.94	429,710	0.06	11,484
21: To disapply pre-emption rights in in connection with an acquisition or other capital investment	687,981,636	682,830,045	99.25	5,151,591	0.75	12,334
22: To authorise purchase of own shares	687,874,924	680,682,980	98.95	7,191,944	1.05	119,046
23: Notice of general meetings	687,976,257	684,152,984	99.44	3,823,273	0.56	17,714

(*) = 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 www.morningstar.co.uk/uk/NSM

For further information, please visit our website www.fresnilloplc.com or contact:

Fresnillo plc           London Office                                   Gabriela Mayor, Head of Investor Relations Patrick Chambers	Tel: [phone]
Mexico City Office Ana Belem Zárate	Tel: [phone]
Powerscourt Peter Ogden	Tel: [phone]

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 seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos¹, Noche Buena and San Julián, two development projects - the Pyrites Plant at Fresnillo and Juanicipio, and three advanced exploration projects - Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, 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 has a strong and long tradition of exploring, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

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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