AGM Statement

RNS Number : 0193F

Hochschild Mining PLC

12 May 2017

 

Hochschild Mining plc

("the Company")

Result of AGM &

Confirmation of Changes in Board/Committee Composition

The Company announces the results detailed below of the poll taken at the Annual General Meeting ("AGM") held yesterday afternoon at which all proposed resolutions were passed.

Retirement of Directors

As previously announced, Roberto Dañino and Nigel Moore retired from the Board of Directors (the "Board") at the conclusion of the AGM.

Re-election of Jorge Born Jnr

The Board notes the level of votes against the re-election of Jorge Born Jnr, a Non-Executive Director, reflecting certain investors' views with regards to Mr Born's independence in light of his tenure on the Board.

The Board evaluates the independence of each Non-Executive Director annually and, as stated in the 2016 Annual Report, has concluded that Mr Born continues to act as an effective independent Non-Executive Director.

Composition of the Board & Committees

Following the retirements referred to above, the Board comprises the Chairman, the CEO and 6 independent Non-Executive Directors.  The membership of the Company's committees is as follows:

Audit Committee: Eileen Kamerick*, Graham Birch and Michael Rawlinson

CSR Committee: Graham Birch*, Ignacio Bustamante and Michael Rawlinson

Remuneration Committee: Enrico Bombieri*, Graham Birch and Michael Rawlinson

Nominations Committee: Eduardo Hochschild*, Enrico Bombieri, Jorge Born Jnr and Sanjay Sarma

*Denotes Chairman of the Committee

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 document viewing facility at: http://www.morningstar.co.uk/uk/nsm

Note

The number of Ordinary Shares in issue on 9 May 2017 at 6pm was 507,232,310. 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.

Enquiries: Hochschild Mining plc
Raj Bhasin	[phone]
Company Secretary
Hudson Sandler
Charlie Jack	[phone]
Public Relations

			FOR			AGAINST
Resolution		Description of Resolution	Number  of        Votes	% of Votes Cast1		Number of Votes	% of Votes Cast1		Total Number of Votes Cast		Votes Withheld
1		Receipt of 2016 Report and  Accounts	436,854,649	99.99%		57,928	0.01%		436,912,577		79,722
2		Approve 2016 Directors'  Remuneration Report	424,953,371	97.27%		11,934,005	2.73%		436,887,376		104,922
3		Re-elect Graham Birch	436,935,201	99.99%		57,098	0.01%		436,992,299		0
		Votes of the independent  shareholders2	178,369,828	99.97%		57,098	0.03%		178,426,926		0
4		Re-elect Enrico Bombieri	436,291,538	99.84%		700,761	0.16%		436,992,299		0
		Votes of the independent  shareholders2	177,726,165	99.61%		700,761	0.39%		178,426,926		0
5		Re-elect Jorge Born Jr.	386,979,332	88.56%		50,012,966	11.44%		436,992,298		0
		Votes of the independent  shareholders2	128,413,959	71.97%		50,012,966	28.03%		178,426,925		0
6		Re-elect Ignacio Bustamante	436,795,188	99.95%		197,111	0.05%		436,992,299		0
7		Re-elect Eduardo Hochschild	426,935,453	97.87%		9,288,239	2.13%		436,223,692		768,607
8		Elect Eileen Kamerick	436,784,799	99.98%		70,000	0.02%		436,854,799		137,500
		Votes of the independent  shareholders2	178,219,426	99.96%		70,000	0.04%		178,289,426		137,500
9		Re-elect Michael Rawlinson	436,794,264	99.99%		60,535	0.01%		436,854,799		137,500
		Votes of the independent  shareholders2	178,228,891	99.97%		60,535	0.03%		178,289,426		137,500
10		Elect Sanjay Sarma	436,865,201	99.97%		127,098	0.03%		436,992,299		0
		Votes of the independent  shareholders2	178,299,828	99.93%		127,098	0.07%		178,426,926		0
11		Re-appoint Ernst & Young LLP  as auditors	436,653,626	99.97%		131,173	0.03%		436,784,799		207,500
12		Authorise the Audit Committee  to set the auditors'  remuneration	436,992,299	100.00%		0	0%		436,992,299		0
13		Authorise directors to allot  shares/grant rights to  subscribe for or to convert any  securities into shares	435,442,348	99.65%		1,549,951	0.35%		436,992,299		0
14		Disapply statutory pre-emption  rights	436,776,612	99.95%		212,250	0.05%		436,988,862		3,437
15		Disapply statutory pre-emption  rights to finance an acquisition  or other capital investment	423,854,668	96.35%		16,051,680	3.65%		439,906,348		0
16		Authorise the Company to  make market purchases of own  shares	436,778,827	99.95%		213,472	0.05%		436,992,299		0
17		Authorise general meetings  other than AGMs to be called  on not less than 14 clear days'  notice	433,704,465	99.25%		3,287,833	0.75%		436,992,298		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.

 

END

 

 

AGMSFFFFEFWSEDI