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Result of AGM

21 May 2024 15:32

RNS Number : 3392P
Fresnillo PLC
21 May 2024
 

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

 

 

21 May 2024

 

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 18) and special resolutions (resolutions 19 to 22) as set out in the Company's notice of AGM dated 23 April 2024. The votes cast for resolutions 9 to 15 relating to the re-election and election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked **)

 

The final voting figures are shown below.

 

Resolution

Total Votes Cast

For (*)

Against (*)

Withheld

Number

%

Number

%

1: Presentation of the report and accounts

651,993,549

651,929,657

99.99

63,892

0.01

3,629,900

2: To approve the final dividend

655,614,185

655,118,933

99.92

495,252

0.08

9,264

3: To approve the Annual Report on Remuneration

655,611,399

647,223,058

98.72

8,388,341

1.28

12,050

4: To re-elect Mr Alejandro Baillères

655,611,746

585,163,841

89.25

70,447,905

10.75

11,208

5: To re-elect Mr Arturo Fernández

652,461,760

636,609,976

97.57

15,851,784

2.43

3,161,194

6: To re-elect Mr Fernando Ruiz

655,612,704

637,612,283

97.25

18,000,421

2.75

10,250

7: To re-elect Mr Eduardo Cepeda

 

655,612,204

606,583,326

92.52

49,028,878

7.48

10,750

8: To re-elect Mr Charles Jacobs

655,612,131

642,974,251

98.07

12,637,880

1.93

10,823

9: To re-elect Mr Alberto Tiburcio

655,611,904

632,978,524

96.55

22,633,380

3.45

11,050

103,016,713

80,383,333

78.03

22,633,380

21.97

11,050

10: To re-elect Dame Judith Macgregor

655,611,176

651,388,890

99.36

4,222,286

0.64

11,778

103,015,985

98,793,699

95.90

4,222,286

4.10

11,778

11: To re-elect Ms Georgina Kessel

655,612,705

651,384,990

99.36

4,227,715

0.64

10,249

103,017,514

98,789,799

95.90

4,227,715

4.10

10,249

12: To re-elect Ms Guadalupe De la Vega

655,612,704

652,149,946

99.47

3,462,758

0.53

10,250

103,017,513

99,554,755

96.64

3,462,758

3.36

10,250

13: To re-elect Mr Hector Rangel

655,612,007

651,354,343

99.35

4,257,664

0.65

10,947

103,016,816

98,759,152

95.87

4,257,664

4.13

10,947

14: To elect Ms Luz Adriana Ramírez

655,611,767

655,584,498

100.00

27,269

0.00

11,187

103,016,576

102,989,307

99.97

27,269

0.03

11,187

15: To elect Ms Rosa Vázquez

655,612,725

655,585,214

100.00

27,511

0.00

10,229

103,017,534

102,990,023

99.97

27,511

0.03

10,229

16: To re-appoint the auditors

655,613,292

648,936,591

98.98

6,676,701

1.02

10,157

17: To authorise the audit committee to determine the auditors' remuneration

655,611,915

652,565,533

99.54

3,046,382

0.46

11,534

18: To give authority to Directors allot shares

655,611,720

655,033,626

99.91

578,094

0.09

11,729

19: To disapply pre-emption rights

655,611,235

651,725,175

99.41

3,886,060

0.59

12,214

20: To disapply pre-emption rights in in connection with an acquisition or other capital investment

655,611,237

651,942,205

99.44

3,669,032

0.56

11,717

21: To authorise purchase of own shares

655,614,270

649,624,945

99.09

5,989,325

0.91

9,179

22: Notice of general meetings

655,613,994

654,392,796

99.81

1,221,198

0.19

9,455

 

(*) = Includes discretionary votes

(**) =Votes cast by the independent shareholders

 

As at the date of the AGM, the number of issued shares and total voting rights of the Company was 736,893,589 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 Equiniti Limited.

In accordance with Listing Rule 9.6.2, Fresnillo plc has submitted a copy of the resolutions dealing with the special business put to shareholders at the AGM today to the National Storage Mechanism, which will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Board is pleased with the support from shareholders for the majority of the resolutions but notes that resolution 9 (re-election of Alberto Tiburcio) was passed by 96.55% of the total votes cast, and by 78.03% of votes cast by independent shareholders. As noted in the Annual Report, the Board considers it to be in the best interests of the Company that Mr Tiburcio serves as a Director and considers him to be independent in character and judgement. The Board notes the level of dissent on this resolution among some shareholders and given the importance of the views of all the Company's shareholders to the Board, it will engage with those independent shareholders to understand the reasons for their votes against it. An update will be published on that engagement within six months.

ENDS

 

For further information, please visit our website www.fresnilloplc.com or contact:

 

FRESNILLO PLC

London Office

Gabriela Mayor, IRO

Mark Mochalski

 

 

Tel: +44 (0)20 7399 2470

Mexico City Office

Ana Belem Zárate

Investor Relations

Tel: +52 55 52 79 3206

 

POWERSCOURT

Peter Ogden

Public Relations

 

Tel: +44 (0)7793 858 211

 

ABOUT FRESNILLO PLC

 

Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

 

Fresnillo plc has eight operating mines, all of them in Mexico - Fresnillo, Saucito, Juanicipio, Ciénega, Herradura, Soledad-Dipolos1, Noche Buena and San Julián (Veins and Disseminated Ore Body) and four advanced exploration projects - Orisyvo, Rodeo, Guanajuato and Tajitos as well as a number of other long term exploration prospects.

 

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.

 

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company and Mexico's largest gold producer.

 

1 Operations at Soledad-Dipolos are currently suspended.

 

FORWARD LOOKING STATEMENTS

Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

 

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