Last checked at 21 May 2019 16:12
Fresnillo plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
21 May 2019
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 16 April 2019. The votes cast for resolutions 10 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 accounts | 687,898,689 | 687,897,889 | 100.00 | 800 | 0.00 | 95,282 |
2: To approve the final dividend | 687,983,544 | 687,983,544 | 100.00 | 0 | 0.00 | 10,427 |
3: To approve the Annual Report on Remuneration | 687,978,210 | 683,901,409 | 99.41 | 4,076,801 | 0.59 | 15,761 |
4: To re-elect Mr Alberto Baillères | 659,419,970 | 609,182,667 | 92.38 | 50,237,303 | 7.62 | 28,574,000 |
5: To re-elect Mr Alejandro Baillères | 687,980,500 | 683,120,538 | 99.29 | 4,859,962 | 0.71 | 13,470 |
6: To re-elect Mr Juan Bordes | 687,415,873 | 680,496,283 | 98.99 | 6,919,590 | 1.01 | 578,097 |
7: To re-elect Mr Arturo Fernández | 687,415,818 | 680,496,228 | 98.99 | 6,919,590 | 1.01 | 578,157 |
8: To re-elect Mr Jaime Lomelín | 687,980,500 | 686,791,496 | 99.83 | 1,189,004 | 0.17 | 13,470 |
9: To re-elect Mr Fernando Ruiz | 687,407,586 | 610,041,187 | 88.75 | 77,366,399 | 11.25 | 586,384 |
10: To re-elect Mr Charles Jacobs | 687,979,401 | 684,598,727 | 99.51 | 3,380,674 | 0.49 | 14,570 |
135,384,210** | 132,003,536 | 97.50 | 3,380,674 | 2.50 | 14,570 | |
11: To re-elect Ms Bárbara Garza Lagüera | 687,414,774 | 683,437,252 | 99.42 | 3,977,522 | 0.58 | 579,197 |
134,819,583** | 130,842,061 | 97.05 | 3,977,522 | 2.95 | 579,197 | |
12. To re-elect Mr Alberto Tiburcio | 687,949,400 | 684,333,405 | 99.47 | 3,615,995 | 0.53 | 14,570 |
135,354,209** | 131,738,214 | 97.33 | 3,615,995 | 2.67 | 14,570 | |
13. To re-elect Dame Judith Macgregor | 687,979,401 | 687,943,688 | 99.99 | 35,713 | 0.01 | 14,570 |
135,384,210** | 135,348,497 | 99.97 | 35,713 | 0.03 | 14,570 | |
14. To re-elect Ms Georgina Kessel | 687,978,901 | 687,947,463 | 100.00 | 31,438 | 0.00 | 15,070 |
135,383,710** | 135,352,272 | 99.98 | 31,438 | 0.02 | 15,070 | |
15. To elect Mr Luis Robles | 687,978,951 | 687,975,850 | 100.00 | 3,101 | 0.00 | 14,520 |
135,383,760** | 135,380,659 | 100.00 | 3,101 | 0.00 | 14,520 | |
16. To approve Directors Remuneration Policy | 687,724,009 | 681,945,248 | 99.16 | 5,778,761 | 0.84 | 269,961 |
17:To appoint the auditors | 687,975,172 | 682,438,490 | 99.20 | 5,536,682 | 0.80 | 18,798 |
18: To allow the audit committee to determine the auditors remuneration | 687,983,277 | 685,258,850 | 99.60 | 2,724,427 | 0.40 | 10,694 |
19: To give authority to Directors allot shares | 687,982,322 | 686,720,113 | 99.82 | 1,262,209 | 0.18 | 11,649 |
20: To disapply pre-emption rights | 687,982,487 | 687,552,777 | 99.94 | 429,710 | 0.06 | 11,484 |
21: To disapply pre-emption rights in in connection with an acquisition or other capital investment | 687,981,636 | 682,830,045 | 99.25 | 5,151,591 | 0.75 | 12,334 |
22: To authorise purchase of own shares | 687,874,924 | 680,682,980 | 98.95 | 7,191,944 | 1.05 | 119,046 |
23: Notice of general meetings | 687,976,257 | 684,152,984 | 99.44 | 3,823,273 | 0.56 | 17,714 |
(*) = 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.morningstar.co.uk/uk/NSM
For further information, please visit our website www.fresnilloplc.com or contact:
Fresnillo plc London Office Gabriela Mayor, Head of Investor Relations Patrick Chambers | Tel: +44 (0)20 7399 2470 |
Mexico City Office Ana Belem Zárate | Tel: +52 55 52 79 3206 |
Powerscourt Peter Ogden
|
Tel: +44 (0)20 7250 1446 |
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, two development projects - the Pyrites Plant at Fresnillo and Juanicipio, and three advanced exploration projects - Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, 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 has a strong and long tradition of exploring, 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 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