Last checked at 23 May 2017 16:42
Fresnillo Plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
23 May 2017
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 19) and special resolutions (resolutions 20 to 23) as set out in the Company's notice of AGM dated 18 April 2017. The votes cast for resolutions 10 to 16 relating to the re-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 accounts | 704,022,427 | 704,022,327 | 100.00 | 100 | 0.00 | 15,101 |
2: To approve the final dividend | 704,029,665 | 704,029,652 | 100.00 | 13 | 0.00 | 7,863 |
2: To approve the Directors' Remuneration Policy | 703,993,627 | 703,105,882 | 99.87 | 887,745 | 0.13 | 43,901 |
4: To approve the Annual Report on Remuneration | 703,993,627 | 703,000,692 | 99.86 | 992,935 | 0.14 | 43,901 |
5: To re-elect Mr Alberto Baillères | 650,025,231 | 624,131,634 | 96.02 | 25,893,597 | 3.98 | 54,012,296 |
6: To re-elect Mr Juan Bordes | 704,029,477 | 703,122,363 | 99.87 | 907,114 | 0.13 | 8,051 |
7: To re-elect Mr Arturo Fernández | 704,029,477 | 695,762,447 | 98.83 | 8,267,030 | 1.17 | 8,051 |
8: To re-elect Mr Jaime Lomelín | 704,029,477 | 703,439,451 | 99.92 | 590,026 | 0.08 | 8,051 |
9: To re-elect Mr Alejandro Baillères | 704,029,477 | 703,126,021 | 99.87 | 903,456 | 0.13 | 8,051 |
10: To re-elect Mr Fernando Ruiz | 686,287,191 | 666,862,463 | 97.17 | 19,424,728 | 2.83 | 17,750,335 |
(**)133,695,731 | 114,271,003 | 85.47 | 19,424,728 | 14.53 | 17,750,335 | |
11: To re-elect Mr Charles Jacobs | 704,022,338 | 703,420,244 | 99.91 | 602,094 | 0.09 | 15,189 |
(**)151,430,878 | 150,828,784 | 99.60 | 602,094 | 0.40 | 15,189 | |
12: To re-elect Mr Guy Wilson | 704,020,488 | 703,864,402 | 99.98 | 156,086 | 0.02 | 17,039 |
(**)151,429,028 | 151,272,942 | 99.90 | 156,086 | 0.10 | 17,039 | |
13: To re-elect Ms Bárbara Garza Lagüera | 704,029,377 | 696,936,687 | 98.99 | 7,092,690 | 1.01 | 8,151 |
(**)151,437,917 | 144,345,227 | 95.32 | 7,092,690 | 4.68 | 8,151 | |
14. To re-elect Mr Jaime Serra | 688,086,381 | 672,998,358 | 97.81 | 15,088,023 | 2.19 | 15,951,146 |
(**)135,494,921 | 120,406,898 | 88.86 | 15,088,023 | 11.14 | 15,951,146 | |
15. To elect Mr Alberto Tiburcio | 704,029,577 | 703,809,634 | 99.97 | 219,943 | 0.03 | 7,951 |
(**)151,438,117 | 151,218,174 | 99.85 | 219,943 | 0.15 | 7,951 | |
16. To elect Dame Judith Macgregor | 704,029,427 | 704,028,186 | 100.00 | 1,241 | 0.00 | 8,101 |
(**)151,437,967 | 151,436,726 | 100.00 | 1,241 | 0.00 | 8,101 | |
17:To appoint the auditors | 703,840,433 | 701,471,580 | 99.66 | 2,368,853 | 0.34 | 197,094 |
18: To allow the audit committee to determine the auditors remuneration | 704,029,565 | 703,879,811 | 99.98 | 149,754 | 0.02 | 7,963 |
19: To give authority to Directors allot shares | 704,028,956 | 704,016,722 | 100.00 | 12,234 | 0.00 | 8,572 |
20: To disapply pre-emption rights | 703,922,816 | 703,910,644 | 100.00 | 12,172 | 0.00 | 114,712 |
21: To disapply pre-emption rights in in connection with an acquisition or other capital investment | 704,022,615 | 700,942,114 | 99.56 | 3,080,501 | 0.44 | 14,912 |
22: To authorise purchase of own shares | 703,776,264 | 701,162,135 | 99.63 | 2,614,129 | 0.37 | 261,263 |
23: Notice of general meetings | 701,319,776 | 693,424,622 | 98.87 | 7,895,154 | 1.13 | 1,717,751 |
(*) = 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 www.Hemscott.com/nsm.do
ENDS
For further information, please visit our website: www.fresnilloplc.com or contact:
Fresnillo plc | |
London Gabriela Mayor, Head of Investor Relations Patrick Chambers |
Tel: +44(0)20 7339 2470 |
Mexico Ana Belém Zárate |
Tel: +52 55 52 79 3206 |
Bell Pottinger Liz Morley Marianna Bowes Aarti Iyer |
Tel: +44(0)20 3772 2500 |
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 seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (phase 1), three development projects - San Julián (phase 2), the Pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 million hectares in Mexico.
Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.
Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver per year by 2018, having already surpassed the gold target of 750,000 ounces.
1 Operations at Soledad and Dipolos are currently suspended.