Result of AGM

RNS Number : 4520B

Hochschild Mining PLC

06 June 2019

 

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Result of AGM

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

The Board notes the level of votes against the re-election of Dionisio Romero Paoletti in light of the number of publicly listed boards of which he is a member.  The Nominations Committee ("the Committee") has considered the matter, noting that Mr Romero serves on the Hochschild Board as a nominee director of the Company's major shareholder, Pelham Investment Corporation, which is ultimately controlled by Eduardo Hochschild. 

Mr Romero has reassured the Committee of his availability and commitment to the Company notwithstanding the number of external directorships that he holds.  The Company will engage with its major shareholders to discuss any other particular concerns relating to Mr Romero's board membership.

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 4 June 2019 at 6pm was 510,553,920. 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.

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Enquiries:

Hochschild Mining PLC

Raj Bhasin                                                                                                                                                               [phone]

Company Secretary

Hudson Sandler

Charlie Jack                                                                                                                                                            [phone]

Public Relations

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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 has numerous long-term projects throughout the Americas.

Resolution			VOTES FOR		% OF VOTES CAST 1		VOTES AGAINST		% OF VOTES CAST 1		TOTAL VOTES		VOTES WITHHELD
1	Receipt of 2018 Report and Accounts		406,811,000		99.98		69,907		0.02		406,880,907		986,010
2	Approve 2018 Directors' Remuneration Report		349,704,099		86.21		55,937,042		13.79		405,641,141		2,225,776
3	Approve the final dividend		407,866,918		100.00		0		0.00		407,866,918		0
4	Re-elect Graham Birch		393,335,589		96.44		14,529,668		3.56		407,865,257		1,661
	Votes of the independent shareholders2		134,770,216		90.27		14,529,668		9.73		149,299,884		1,661
5	Re-elect Jorge Born Jr.		407,189,607		99.83		675,649		0.17		407,865,256		1,661
	Votes of the independent shareholders2		148,624,234		99.55		675,649		0.45		149,299,883		1,661
6	Re-elect Ignacio Bustamante		407,139,471		99.82		725,785		0.18		407,865,256		1,661
7	Re-elect Eduardo Hochschild		368,922,780		90.45		38,942,476		9.55		407,865,256		1,661
8	Re-elect Eileen Kamerick		392,463,648		96.22		15,401,609		3.78		407,865,257		1,661
	Votes of the independent shareholders2		133,898,275		89.68		15,401,609		10.32		149,299,884		1,661
9	Re-elect Dionisio Romero Paoletti		305,327,779		75.85		97,237,477		24.15		402,565,256		5,301,661
10	Re-elect Michael Rawlinson		391,346,182		95.95		16,519,075		4.05		407,865,257		1,661
	Votes of the independent shareholders2		132,780,809		88.94		16,519,075		11.06		149,299,884		1,661
11	Re-elect Sanjay Sarma		407,351,088		99.87		514,168		0.13		407,865,256		1,661
	Votes of the independent shareholders2		148,785,715		99.66		514,168		0.34		149,299,883		1,661
12	Re-appoint Ernst & Young LLP as auditors		407,686,768		99.96		180,149		0.04		407,866,917		0
13	Authorise the Audit Committee to set the auditors' remuneration		407,740,663		99.97		124,594		0.03		407,865,257		1,661
14	Authorise directors to allot shares/grant rights to subscribe for or to convert any securities into shares		407,056,418		99.80		808,089		0.20		407,864,507		2,411
15	Disapply statutory pre-emption rights		407,860,228		100.00		4,279		0.00		407,864,507		2,411
16	Disapply statutory pre-emption rights to finance an acquisition or other capital investment		407,117,396		99.82		747,860		0.18		407,865,256		1,661
17	Authorise the Company to make market purchases of own shares		402,421,438		98.67		5,433,293		1.33		407,854,731		12,186
18	Authorise general meetings other than AGMs to be called on not less than 14 clear days' notice		404,011,228		99.05		3,855,690		0.95		407,866,918			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

 

 

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