Hochschild Mining PLC AGM Update (0753W)
December 06 2019 - 6:57AM
UK Regulatory
TIDMHOC
RNS Number : 0753W
Hochschild Mining PLC
06 December 2019
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6 December 2019
Update statement on AGM voting result
In accordance with the UK Corporate Governance Code, the Company
is providing an update on the outcome of engagement with its major
shareholders prompted by the level of dissenting votes on the
re-election of Dionisio Romero Paoletti as a Non-Executive Director
at the AGM held on 6 June 2019.
Engagement with the Company's shareholders confirmed that the
level of votes against Mr Romero's re-election reflected concerns
with regards to his availability and commitment to the Company in
light of the number of other directorships that he holds.
The Company's Nomination Committee considered the views
expressed as part of its deliberations on the composition of the
Board and, taking into account (a) Mr Romero's reassurances on his
ongoing availability and commitment to Hochschild Mining and (b)
the fact that Mr Romero acts as a nominee director of the Company's
major shareholder under a Relationship Agreement, the Directors are
unanimous in their conclusion that the Company benefits greatly
from Mr Romero's extensive experience and knowledge, not only of
doing business in Peru and within the wider region, but also of
financial markets and corporate finance.
The Company welcomes ongoing dialogue with its shareholders and
other stakeholders on this and other matters.
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Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)20 3709 3263
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.
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LEI: 549300JK10TVQ3CCJQ89
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