Last checked at 6 Jun 2019 17:55
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Result of AGM
Hochschild Mining PLC (the "Company") announces the results detailed below of the poll taken at the Annual General Meeting ("AGM") held this afternoon at which all proposed resolutions were passed.
The Board notes the level of votes against the re-election of Dionisio Romero Paoletti in light of the number of publicly listed boards of which he is a member. The Nominations Committee ("the Committee") has considered the matter, noting that Mr Romero serves on the Hochschild Board as a nominee director of the Company's major shareholder, Pelham Investment Corporation, which is ultimately controlled by Eduardo Hochschild.
Mr Romero has reassured the Committee of his availability and commitment to the Company notwithstanding the number of external directorships that he holds. The Company will engage with its major shareholders to discuss any other particular concerns relating to Mr Romero's board membership.
Copy of Resolutions
A copy of the resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility at: http://www.morningstar.co.uk/uk/nsm
Note
The number of Ordinary Shares in issue on 4 June 2019 at 6pm was 510,553,920. Shareholders are entitled to one vote per share. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes cast.
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Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)20 3709 3260
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
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About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.
Resolution |
| VOTES FOR |
| % OF VOTES CAST 1 |
| VOTES AGAINST |
| % OF VOTES CAST 1 |
| TOTAL VOTES |
| VOTES WITHHELD |
| ||
1 | Receipt of 2018 Report and Accounts |
| 406,811,000 |
| 99.98 |
| 69,907 |
| 0.02 |
| 406,880,907 |
| 986,010 |
| |
2 | Approve 2018 Directors' Remuneration Report |
| 349,704,099 |
| 86.21 |
| 55,937,042 |
| 13.79 |
| 405,641,141 |
| 2,225,776 |
| |
3 | Approve the final dividend |
| 407,866,918 |
| 100.00 |
| 0 |
| 0.00 |
| 407,866,918 |
| 0 |
| |
4 | Re-elect Graham Birch |
| 393,335,589 |
| 96.44 |
| 14,529,668 |
| 3.56 |
| 407,865,257 |
| 1,661 |
| |
| Votes of the independent shareholders2 |
| 134,770,216 |
| 90.27 |
| 14,529,668 |
| 9.73 |
| 149,299,884 |
| 1,661 |
| |
5 | Re-elect Jorge Born Jr. |
| 407,189,607 |
| 99.83 |
| 675,649 |
| 0.17 |
| 407,865,256 |
| 1,661 |
| |
| Votes of the independent shareholders2 |
| 148,624,234 |
| 99.55 |
| 675,649 |
| 0.45 |
| 149,299,883 |
| 1,661 |
| |
6 | Re-elect Ignacio Bustamante |
| 407,139,471 |
| 99.82 |
| 725,785 |
| 0.18 |
| 407,865,256 |
| 1,661 |
| |
7 | Re-elect Eduardo Hochschild |
| 368,922,780 |
| 90.45 |
| 38,942,476 |
| 9.55 |
| 407,865,256 |
| 1,661 |
| |
8 | Re-elect Eileen Kamerick |
| 392,463,648 |
| 96.22 |
| 15,401,609 |
| 3.78 |
| 407,865,257 |
| 1,661 |
| |
| Votes of the independent shareholders2 |
| 133,898,275 |
| 89.68 |
| 15,401,609 |
| 10.32 |
| 149,299,884 |
| 1,661 |
| |
9 | Re-elect Dionisio Romero Paoletti |
| 305,327,779 |
| 75.85 |
| 97,237,477 |
| 24.15 |
| 402,565,256 |
| 5,301,661 |
| |
10 | Re-elect Michael Rawlinson |
| 391,346,182 |
| 95.95 |
| 16,519,075 |
| 4.05 |
| 407,865,257 |
| 1,661 |
| |
| Votes of the independent shareholders2 |
| 132,780,809 |
| 88.94 |
| 16,519,075 |
| 11.06 |
| 149,299,884 |
| 1,661 |
| |
11 | Re-elect Sanjay Sarma |
| 407,351,088 |
| 99.87 |
| 514,168 |
| 0.13 |
| 407,865,256 |
| 1,661 |
| |
| Votes of the independent shareholders2 |
| 148,785,715 |
| 99.66 |
| 514,168 |
| 0.34 |
| 149,299,883 |
| 1,661 |
| |
12 | Re-appoint Ernst & Young LLP as auditors |
| 407,686,768 |
| 99.96 |
| 180,149 |
| 0.04 |
| 407,866,917 |
| 0 |
| |
13 | Authorise the Audit Committee to set the auditors' remuneration |
| 407,740,663 |
| 99.97 |
| 124,594 |
| 0.03 |
| 407,865,257 |
| 1,661 |
| |
14 | Authorise directors to allot shares/grant rights to subscribe for or to convert any securities into shares |
| 407,056,418 |
| 99.80 |
| 808,089 |
| 0.20 |
| 407,864,507 |
| 2,411 |
| |
15 | Disapply statutory pre-emption rights |
| 407,860,228 |
| 100.00 |
| 4,279 |
| 0.00 |
| 407,864,507 |
| 2,411 |
| |
16 | Disapply statutory pre-emption rights to finance an acquisition or other capital investment |
| 407,117,396 |
| 99.82 |
| 747,860 |
| 0.18 |
| 407,865,256 |
| 1,661 |
| |
17 | Authorise the Company to make market purchases of own shares |
| 402,421,438 |
| 98.67 |
| 5,433,293 |
| 1.33 |
| 407,854,731 |
| 12,186 |
| |
18 | Authorise general meetings other than AGMs to be called on not less than 14 clear days' notice |
| 404,011,228 |
| 99.05 |
| 3,855,690 |
| 0.95 |
| 407,866,918 |
| 0 | ||
1. Excludes votes withheld
2. Under Listing Rule 9.2.2E R, resolutions on the re-election of any independent director must be approved by (a) the shareholders of the Company; and (b) the independent shareholders of the Company.