TIDMHOC
RNS Number : 6634N
Hochschild Mining PLC
21 May 2020
_________________________________________________________________________________
21 May 2020
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 morning 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 board of directors ("the
Board") 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 continued to reassure the Board of his
availability and commitment to the Company particularly in light of
the fact that he will be relinquishing, next month, his executive
directorship of NYSE-listed financial holding company,
Credicorp.
The Company has engaged with its major shareholders to discuss
their concerns relating to Mr Romero's board membership and will
continue to do so.
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 at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Note
The number of Ordinary Shares in issue on 19 May 2020 at 6pm was
513,875,563. 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.
________________________________________________________________________________
Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)20 3709 3260
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
________________________________________________________________________________________________
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.
LEI: 549300JK10TVQ3CCJQ89
Resolution VOTES FOR % OF VOTES % OF TOTAL VOTES VOTES WITHHELD
("O" denotes Ordinary VOTES AGAINST VOTES
Resolution, CAST CAST
"S" denotes Special (1) (1)
Resolution)
--------------------------- ------------ ------- ------------- ------- ------------ ----------------
Receipt of 2019
Report and Accounts
1 (O) 391,598,750 99.97 130,254 0.03 391,729,004 231,233
Approve 2019
Directors'
Remuneration
2 Report (O) 372,486,543 95.04 19,439,702 4.96 391,926,245 33,991
Re-elect Graham Birch
3 (O) 391,472,587 99.88 457,659 0.12 391,930,246 29,991
Votes of the
independent
shareholders
(2) 132,887,214 99.66 457,659 0.34 133,344,873 29,991
Re-elect Jorge Born
4 Jr. (O) 390,949,201 99.75 981,045 0.25 391,930,246 29,991
Votes of the
independent
shareholders
(2) 132,363,828 99.26 981,045 0.74 133,344,873 29,991
Re-elect Ignacio
5 Bustamante (O) 391,486,464 99.89 443,782 0.11 391,930,246 29,991
Re-elect Eduardo
6 Hochschild (O) 337,879,100 86.21 54,051,145 13.79 391,930,245 29,991
Re-elect Eileen
7 Kamerick (O) 391,391,243 99.86 539,003 0.14 391,930,246 29,991
Votes of the
independent
shareholders
(2) 132,805,870 99.60 539,003 0.40 133,344,873 29,991
Re-elect Dionisio
Romero Paoletti
8 (O) 303,853,362 77.53 88,076,883 22.47 391,930,245 29,991
Re-elect Michael
9 Rawlinson (O) 374,204,208 95.48 17,726,037 4.52 391,930,245 29,991
Votes of the
independent
shareholders
(2) 115,618,835 86.70 17,726,037 13.30 133,344,872 29,991
Re-elect Sanjay Sarma
10 (O) 391,472,588 99.88 457,658 0.12 391,930,246 29,991
Votes of the
independent
shareholders(2) 132,887,215 99.66 457,658 0.34 133,344,873 29,991
Re-appoint Ernst &
Young LLP as
11 auditors (O) 391,799,992 99.97 130,254 0.03 391,930,246 29,991
Authorise the Audit
Committee to
set the auditors'
remuneration
12 (O) 391,928,746 99.99 1,500 0.01 391,930,246 29,991
13 Authorise directors
to allot shares/grant
rights to subscribe
for or to convert
any securities into
shares (O) 390,542,422 99.64 1,417,065 0.36 391,959,487 750
Disapply statutory
pre-emption
14 rights (S) 386,059,370 98.49 5,900,867 1.51 391,960,237 0
Disapply statutory
pre-emption
rights to finance an
acquisition
or other capital
15 investment (S) 391,927,411 99.99 32,826 0.01 391,960,237 0
Authorise the Company
to make market
purchases of own
16 shares (S) 386,230,337 98.54 5,716,966 1.46 391,947,303 12,933
Authorise general
meetings other
than AGMs to be
called on not less
than 14 clear days'
17 notice (S) 387,805,030 98.94 4,155,207 1.06 391,960,237 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 (i.e. excluding the 258,565,373 shares owned by
Pelham Investment Corporation which is ultimately controlled by
Eduardo Hochschild)
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END
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