Last checked at 27 May 2009 16:08
27 May 2009
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 15) and special resolutions (resolutions 16 and 20) set out in the Company's notice of AGM dated 21 April 2009.
The final voting figures are shown below.
| Resolution | Total Votes Cast | For (*) | Against (*) | Withheld (**) | ||
| Number | % | Number | % | |||
| 1: presentation of the accounts | 678,263,095 | 678,263,095 | 100.00 | Nil | 0.00 | 16,906 |
| 2: to approve the final dividend | 678,263,095 | 678,263,095 | 100.00 | Nil | 0.00 | 16,906 |
| 3: to approve the Remuneration Report | 677,709,302 | 676,883,449 | 99.88 | 825,853 | 0.12 | 570,699 |
| 4: to elect Alberto Baillères | 678,081,795 | 675,659,364 | 99.64 | 2,422,431 | 0.36 | 198,206 |
| 5: to elect Lord Cairns | 678,263,095 | 678,262,795 | 100.00 | 300 | 0.00 | 16,906 |
| 6: to elect Javier Fernández | 678,263,095 | 678,262,795 | 100.00 | 300 | 0.00 | 16,906 |
| 7: to elect Fernando Ruiz | 678,070,170 | 677,746,232 | 99.95 | 323,938 | 0.05 | 209,831 |
| 8: to elect Guy Wilson | 678,070,170 | 677,746,232 | 99.95 | 323,938 | 0.05 | 209,831 |
| 9: to elect Juan Bordes | 678,251,470 | 677,627,532 | 99.91 | 623,938 | 0.09 | 28,531 |
| 10: to elect Arturo Fernández | 678,251,470 | 677,627,532 | 99.91 | 623,938 | 0.09 | 28,531 |
| 11: to elect Rafael MacGregor | 678,251,470 | 677,627,532 | 99.91 | 623,938 | 0.09 | 28,531 |
| 12: to elect Fernando Solana | 678,263,095 | 678,261,695 | 100.00 | 1,400 | 0.00 | 16,906 |
| 13: to elect Jaime Lomelín | 678,263,095 | 678,261,695 | 100.00 | 1,400 | 0.00 | 16,906 |
| 14:to appoint the auditors | 677,629,852 | 675,922,701 | 99.75 | 1,707,151 | 0.25 | 650,149 |
| 15: to allow the board to determine the auditors remuneration | 678,032,202 | 678,011,902 | 100.00 | 20,300 | 0.00 | 247,799 |
| 16: to issue shares with pre-emption rights | 678,263,095 | 675,590,119 | 99.61 | 2,672,976 | 0.39 | 16,906 |
| 17(***): to issue shares for cash | 678,260,595 | 678,238,195 | 100.00 | 22,400 | 0.00 | 19,406 |
| 18(***): to authorise Share Repurchase | 678,263,095 | 678,009,802 | 99.96 | 253,293 | 0.04 | 16,906 |
| 19(***): notice of general meetings | 678,263,095 | 676,948,609 | 99.81 | 1,314,486 | 0.19 | 16,906 |
| 20(***): to approve amendments to the Articles of Association of the Company | 678,260,595 | 678,260,295 | 100.00 | 300 | 0.00 | 19,406 |
(*) = Includes discretionary votes
(**) = A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for and against the resolution.
(***) = Special Resolution
As at the date of the AGM, the number of issued shares and total voting rights of the Company was 717,160,159 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 Computershare Investor Services PLC.
In accordance with Listing Rule 9.6.2, two copies of the resolutions dealing with the special business put to shareholders at the AGM today have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
- End-
For further information, please visit our website: www.fresnilloplc.com or contact:
| Fresnillo plc London Office Octavio Alvidrez, Head of Investor Relations | Tel: +44 (0)20 7399 2470 |
| Mexico City Office Gabriela Mayor | Tel: +52 55 52 79 3203 |
| JPMorgan Cazenove Ian Hannam Andrew Wray | Tel: +44 (0)20 7588 2828 |
| Brunswick Patrick Handley Carole Cable | Tel: +44 (0)20 7404 5959 |
About Fresnillo plc
Fresnillo Plc is the world's largest primary silver producer and Mexico's second largest gold producer, listed on the London Stock Exchange under the symbol FRES.
Fresnillo has three producing mines, all of them in Mexico - Fresnillo, Ciénega and Herradura; two development projects - Saucito, Soledad & Dipolos; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.75 million hectares in Mexico.
Fresnillo has a strong and long tradition of mining, a proven track record of mining development and reserves replacement, and a low cost of production, being in the lowest quartile of the cost curve for both silver and gold.
Fresnillo intends to maintain its position as the world's largest primary silver producer with the aim of approximately doubling production, on a silver equivalent ounce basis by 2018 and increasing its gold production.