Last checked at 20 May 2020 16:12
NEWS RELEASE, 20 MAY 2020
ANTOFAGASTA PLC
RESULTS OF 2020 ANNUAL GENERAL MEETING
At today's Annual General Meeting, a poll was held on each of the resolutions proposed in the Notice of Meeting dated 16 March 2020.
The results of the polls are:
Resolution | Votes For | Votes Against | Votes Cast as % of Issued Share Capital | Votes withheld | ||||||
(1) | Adopt the 2019 Annual Report and Financial Statements | 1,080,950,220 | 39,037 | 91.16% | 1,610,731 | |||||
100.00% | 0.00% | |||||||||
(2) | Approve the 2019 Remuneration Report | 1,066,559,474 | 14,695,976 | 91.18% | 1,344,538 | |||||
98.64% | 1.36% | |||||||||
(3) | Approve the 2020 Remuneration Policy | 1,062,750,494 | 19,832,684 | 91.29% | 16,811 | |||||
98.17% | 1.83% | |||||||||
(4) | Declare a final dividend * | 1,082,442,188 | 153,427 | 91.29% | 4,374 | |||||
99.99% | 0.01% | |||||||||
(5) | Re-elect Jean-Paul Luksic as a Director | 1,059,082,774 | 23,398,539 | 91.28% | 118,675 | |||||
97.84% | 2.16% | |||||||||
(6) | Re-elect Ollie Oliveira as a Director | 1,077,011,217 | 5,569,659 | 91.29% | 19,113 | |||||
99.49% | 0.51% | |||||||||
246,359,087 | ** | 5,569,659 | ** | 71.96% | ** | 19,113 | ** | |||
97.79% | ** | 2.21% | ** | |||||||
(7) | Re-elect Ramón Jara as a Director | 1,076,256,406 | 6,324,469 | 91.29% | 19,113 | |||||
99.42% | 0.58% | |||||||||
(8) | Re-elect Juan Claro as a Director | 1,074,643,972 | 7,932,203 | 91.29% | 23,813 | |||||
99.27% | 0.73% | |||||||||
(9) | Re-elect Andrónico Luksic as a Director | 1,070,668,495 | 11,914,559 | 91.29% | 16,934 | |||||
98.90% | 1.10% | |||||||||
(10) | Re-elect Vivianne Blanlot as a Director | 1,080,160,460 | 1,090,679 | 91.18% | 1,348,850 | |||||
99.90% | 0.10% | |||||||||
249,508,330 | ** | 1,090,679 | ** | 71.58% | ** | 1,348,850 | ** | |||
99.56% | ** | 0.44% | ** | |||||||
(11) | Re-elect Jorge Bande as a Director | 1,078,464,828 | 4,115,348 | 91.29% | 19,813 | |||||
99.62% | 0.38% | |||||||||
247,812,698 | ** | 4,115,348 | ** | 71.96% | ** | 19,813 | ** | |||
98.37% | ** | 1.63% | ** | |||||||
(12) | Re-elect Francisca Castro as a Director | 1,072,215,916 | 10,360,009 | 91.29% | 24,063 | |||||
99.04% | 0.96% | |||||||||
241,563,786 | ** | 10,360,009 | ** | 71.96% | ** | 24,063 | ** | |||
95.89% | ** | 4.11% | ** | |||||||
(13) | Re-elect Michael Anglin as a Director | 1,078,510,287 | 4,069,839 | 91.29% | 19,863 | |||||
99.62% | 0.38% | |||||||||
247,858,157 | ** | 4,069,839 | ** | 71.96% | ** | 19,863 | ** | |||
98.38% | ** | 1.62% | ** | |||||||
(14) | Elect Tony Jensen as a Director | 1,079,434,384 | 3,147,358 | 91.29% | 18,247 | |||||
99.71% | 0.29% | |||||||||
248,782,254 | ** | 3,147,358 | ** | 71.96% | ** | 18,247 | ** | |||
98.75% | ** | 1.25% | ** | |||||||
(15) | Re-appoint PricewaterhouseCoopers LLP as auditors | 1,082,575,790 | 20,585 | 91.29% | 3,614 | |||||
100.00% | 0.00% | |||||||||
(16) | Authorise the Audit and Risk Committee to fix the auditor's remuneration | 1,082,587,606 | 9,344 | 91.29% | 3,039 | |||||
100.00% | 0.00% | |||||||||
(17) | Grant Directors authority to allot securities | 1,063,929,549 | 18,750,873 | 91.30% | 9,097 | |||||
98.27% | 1.73% | |||||||||
(18) | Grant Directors authority to allot securities for cash other than on a pro rata basis to shareholders | 1,082,504,483 | 83,024 | 91.29% | 12,482 | |||||
99.99% | 0.01% | |||||||||
(19) | Grant Directors authority to allot securities for cash other than on a pro rata basis to shareholders for the purposes of an acquisition or specified capital investment | 1,081,135,325 | 1,454,951 | 91.29% | 9,712 | |||||
99.87% | 0.13% | |||||||||
(20) | Authorise purchase of own shares | 1,070,679,384 | 10,978,182 | 91.21% | 942,422 | |||||
98.99% | 1.01% | |||||||||
(21) | Permit general meetings to be called on not less than 14 days' clear notice | 1,065,953,798 | 16,638,206 | 91.29% | 7,985 | |||||
98.46% | 1.54% | |||||||||
* As announced on 18 May 2020, the Board reduced its recommendation in respect of the 2019 Final Dividend to 7.1 cents per ordinary share (down from 23.4 cents per ordinary share). It was this reduced amount that was approved by shareholders.
** Result of the votes cast by shareholders excluding the controlling shareholders.
Notes to the poll results
1. Any proxy votes that were at the discretion of the Chairman are included in the total of "votes for" each resolution.
2. Percentages of votes for and votes against each resolution are included on the basis of votes cast and therefore exclude abstentions.
3. The Company had in issue 985,856,695 Ordinary Shares carrying one vote each, and 2,000,000 5% Cumulative Preference Shares carrying 100 votes each. Accordingly, the total number of votes available was 1,185,856,695 votes and the total number of votes available excluding the controlling shareholders was 350,086,090 votes at the Annual General Meeting.
These results will be published within "news" in the "media" section of the website of Antofagasta plc, www.antofagasta.co.uk.
In accordance with Listing Rule 9.6.2, copies of resolutions 17, 18, 19, 20 and 21 passed at the Annual General Meeting will be submitted to the National Storage Mechanism today and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
Investors - London | Media - London | ||
Andrew Lindsay | alindsay@antofagasta.co.uk | Carole Cable | antofagasta@brunswickgroup.com |
Telephone | +44 20 7808 0988 | Telephone | +44 20 7404 5959 |
Andres Vergara | avergara@antofagasta.co.uk | Will Medvei | antofagasta@brunswickgroup.com |
Telephone | +44 20 7808 0988 | Telephone | +44 20 7404 5959 |
Media - Santiago | |||
Pablo Orozco | porozco@aminerals.cl | ||
Paola Raffo | praffo.van@aminerals.cl | ||
Telephone | +56 2 2798 7000 |