Last checked at 18 May 2012 18:05
Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
18 May 2012
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 21) set out in the Company's notice of AGM dated 17 April 2012.
The final voting figures are shown below.
Resolution | Total Votes Cast | For (*) | Against (*) | Withheld | ||
Number | % | Number | % | |||
1: Presentation of the accounts | 688,730,530 | 688,429,930 | 99.96 | 300,600 | 0.04 | 67,237 |
2: To approve the final dividend | 688,724,980 | 688,724,980 | 100.00 | 0 | 0.00 | 67,237 |
3: To approve the Remuneration Report | 686,982,919 | 686,372,118 | 99.91 | 610,801 | 0.09 | 1,814,848 |
4: To re-elect Mr Alberto Baillères | 658,070,868 | 643,049,157 | 97.72 | 15,021,711 | 2.28 | 30,726,796 |
5: To re-elect Lord Cairns | 688,728,503 | 688,406,454 | 99.95 | 322,049 | 0.05 | 69,264 |
6: To re-elect Mr Javier Fernández | 687,968,074 | 687,142,317 | 99.88 | 825,757 | 0.12 | 829,692 |
7: To re-elect Mr Fernando Ruiz | 687,728,525 | 681,925,390 | 99.16 | 5,803,135 | 0.84 | 1,069,240 |
8: To re-elect Mr Fernando Solana | 687,968,274 | 685,061,742 | 99.58 | 2,906,532 | 0.42 | 829,492 |
9: To re-elect Mr Guy Wilson | 688,490,954 | 682,794,382 | 99.17 | 5,696,572 | 0.83 | 306,812 |
10: To re-elect Mr Juan Bordes | 688,490,955 | 686,026,480 | 99.64 | 2,464,475 | 0.36 | 306,812 |
11: To re-elect Mr Arturo Fernández | 688,490,955 | 685,284,483 | 99.53 | 3,206,472 | 0.47 | 306,812 |
12: To re-elect Mr Rafael MacGregor | 688,490,955 | 686,010,547 | 99.64 | 2,480,408 | 0.36 | 306,812 |
13: To re-elect Mr Jaime Lomelín | 688,730,503 | 686,799,168 | 99.72 | 1,931,335 | 0.28 | 67,264 |
14: To elect Ms María Asunción Aramburuzabala | 688,730,503 | 688,415,304 | 99.95 | 315,199 | 0.05 | 67,264 |
15: To elect Mr Alejandro Baillères | 688,730,503 | 686,188,013 | 99.63 | 2,542,490 | 0.37 | 67,264 |
16:To appoint the auditors | 688,730,503 | 688,421,886 | 99.96 | 308,617 | 0.04 | 67,264 |
17: To allow the board to determine the auditors remuneration | 688,730,503 | 688,716,684 | 100.00 | 13,819 | 0.00 | 67,264 |
18: To issue shares with pre-emption rights | 688,730,503 | 688,313,138 | 99.94 | 417,365 | 0.06 | 67,264 |
19: To disapply pre-emption rights | 688,727,530 | 686,841,680 | 99.73 | 1,885,850 | 0.27 | 70,237 |
20: To authorise Share Repurchase | 688,729,530 | 688,697,620 | 100.00 | 31,910 | 0.00 | 68,237 |
21: Notice of general meetings | 688,730,330 | 678,619,679 | 98.53 | 10,110,651 | 1.47 | 67,437 |
(*) = Includes discretionary votes
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, 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 Office
Arturo Espinola
Head of Investor Relations Tel: +44(0)20 7339 2470
Mexico City Office
Gabriela Mayor Tel: +52 55 52 79 3203
About Fresnillo plc
Fresnillo is the world's largest primary silver producer and Mexico's second largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.
Fresnillo has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Cienega, San Ramón (a satellite of the Ciénega gold mine), Herradura, Soledad-Dipolos and Noche Buena (new gold mine at Herradura District); two development projects - Saucito II, and Dynamic leaching to treat high grade gold ore from Herradura and Soledad-Dipolos mine; and five advanced exploration prospects - San Julián, Centauro Deep, Juanicipio, Orysivo and Las Casas as well as a number of other long term exploration prospects. In total, has mining concessions covering approximately 2.1 million hectares in Mexico.
Fresnillo 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 both silver and gold.
Fresnillo's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver and 500,000 ounces of gold by 2018.