Result of AGM

RNS Number : 9006Y

Hochschild Mining PLC

20 May 2016

 

Hochschild Mining plc

("the Company")

Result of AGM

20 May 2016

The Company announces the results detailed below of the poll taken at the Annual General Meeting held earlier today. 

The Company notes the level of votes against the 2015 Remuneration Report which, through shareholder engagement, appears to be in response to (a) the base salary increases awarded to the CEO during 2015 and (b) the calculation of the CEO's 2015 annual bonus with reference to his year-end salary.

The Remuneration Committee acknowledges the specific views expressed by shareholders which will be taken into account as part of a review of the Company's framework of executive remuneration.  The Committee also intends to consult its significant shareholders as part of this review.

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 18 May 2016 at 6pm was 505,571,505. 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.

			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 2015 Report  and Accounts	421,419,079	97.24		11,972,426		2.76		434,265,280			873,775
2		Approve 2015  Directors'  Remuneration Report	284,334,705	65.75		148,095,988		34.25		434,265,280			1,834,587
3		Re-elect Graham Birch	425,794,662	98.05		8,470,618		1.95		434,265,280			0
		Votes of the independent  shareholders2	151,729,289	94.71		8,470,618		5.29		160,199,907			0
4		Re-elect Enrico  Bombieri	421,521,320	97.07		12,743,960		2.93		434,265,280			0
		Votes of the independent  shareholders2	147,455,947	92.04		12,743,960		7.96		160,199,907			0
5		Re-elect Jorge Born Jr.	434,169,811	99.98		95,469		0.02		434,265,280			0
		Votes of the independent  shareholders2	160,104,438	99.94		95,469		0.06		160,199,907			0
6		Re-elect Ignacio  Bustamante	432,323,478	99.55		1,941,802		0.45		434,265,280			0
7		Re-elect Roberto  Danino	432,322,103	99.55		1,943,177		0.45		434,265,280			0
8		Re-elect Eduardo  Hochschild	381,066,323	87.75		53,198,957		12.25		434,265,280			0
9		Re-elect Nigel Moore	422,093,207	97.20		12,172,073		2.80		434,265,280			0
		Votes of the independent  shareholders2	148,027,834	92.40		12,172,073		7.60		160,199,907			0
10		Elect Michael  Rawlinson	433,790,063	99.89		475,217		0.11		434,265,280			0
		Votes of the independent  shareholders2	159,724,690	99.70		475,217		0.30		160,199,907			0
11		Re-appoint Ernst &  Young LLP as auditors	431,747,323	99.47		2,311,707		0.53		434,265,280			206,250
12		Authorise the Audit  Committee to set the  auditors'  remuneration	433,801,246	99.89		464,034		0.11		434,265,280			0
13		Authorise directors to  allot shares/grant  rights to subscribe for  or to convert any  securities into shares	430,860,160	99.79		907,411		0.21		434,265,280			2,497,709
14		Disapply statutory pre  emption rights	426,266,966	98.74		5,450,605		1.26		434,265,280			2,547,709
15		Authorise the  Company to make  market purchases of  own shares	429,936,614	99.58		1,830,957		0.42		434,265,280			2,497,709
16		Authorise general  meetings other than  AGMs to be called on  not less than 14 clear  days' notice	419,827,083	96.68		14,438,197		3.32		434,265,280			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.

 Enquiries:

 

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

 

END

 

 

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