TIDMHOC
RNS Number : 9369M
Hochschild Mining PLC
26 May 2022
_________________________________________________________________________________
26 May 2022
Results of EGM & AGM
Hochschild Mining PLC (the "Company") announces the results
detailed below of the polls taken at the Extraordinary General
Meeting (the "EGM") and Annual General Meeting (the "AGM") held
earlier this morning at which all proposed resolutions were
passed.
As announced on 23 February 2022, at the conclusion of the
AGM:
(i) Graham Birch and Dionisio Romero retired from the Board, and
Mike Sylvestre and Nicolas Hochschild joined the Board as
Independent Non-Executive Director and Non-Executive Director
respectively;
(ii) Tracey Kerr assumed the Chair of the Sustainability Committee; and
(iii) Mike Sylvestre joined the Sustainability and Nomination
Committees.
In accordance with Listing Rule 9.6.2R, the Company has
submitted copies of the resolutions dealing with the AGM special
business as well as the EGM resolutions to the National Storage
Mechanism, which will shortly be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
As announced on 20 April 2022, at the conclusion of the EGM
following the approval of shareholders, the Company entered into
deeds of release in favour of the Company's shareholders and
directors in relation to its dividend rectification process.
Following the passing of all resolutions at the EGM, the Company
will seek approval by the Court of England and Wales for the
following:
(i) a capitalisation of the Company's merger reserve followed by
a cancellation of the shares that are issued with the sum arising
on the cancellation being credited to the Company's retained
earnings reserve;
(ii) the subsequent reduction of all or part of the Company's
share premium account and the crediting of the amount by which the
share premium account is reduced to the Company's retained earnings
reserve; and
(iii) the reduction in the nominal value of the Ordinary Shares
from 25 pence per Ordinary Share to 1 pence per Ordinary Share.
Note
The number of Ordinary Shares in issue on 26 May 2022 at 6 p.m.
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)7825 533495
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 owns
the Mara Rosa Advanced Project in Brazil as well as numerous
long-term projects throughout the Americas.
LEI: 549300JK10TVQ3CCJQ89
EGM Resolutions VOTES % OF VOTES % OF TOTAL VOTES WITHHELD
("S" denotes Special FOR VOTES AGAINST VOTES VOTES
Resolution) CAST CAST
(1) (1)
Dividend Rectification
1 (S) 174,081,152 99.95 94,372 0.05 174,175,524 215,953,215(2)
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Capitalisation of Merger
Reserve
& Cancellation of Bonus
Shares
2 (S) 389,977,782 99.98 96,726 0.02 390,074,508 54,231
------------------------- ------------ ------- ----------- ------- ------------ ---------------
3 Reduction of Capital (S) 390,008,211 99.98 74,399 0.02 390,082,610 46,129
------------------------- ------------ ------- ----------- ------- ------------ ---------------
1. Excludes votes withheld
2. Includes votes withheld by the Directors, the Related Party Former Director and the Substantial
Shareholder and each of their respective associates (such capitalised terms carrying the meanings
given to them in the Company's shareholder circular dated 20 April 2022).
----------------------------------------------------------------------------------------------------------------------
AGM Resolutions VOTES % OF VOTES % OF TOTAL VOTES WITHHELD
("O" denotes Ordinary FOR VOTES AGAINST VOTES VOTES
Resolution, CAST CAST
"S" denotes Special (1) (1)
Resolution)
------------ ------- ----------- ------- ------------ ---------------
Receipt of 2021 Report
and Accounts
1 (O) 396,050,815 99.49 2,048,156 0.51 398,098,971 291,233
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Approve 2021 Directors'
Remuneration
2 Report (O) 384,113,210 96.44 14,168,466 3.56 398,281,676 108,528
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Approve the final
3 dividend (O) 398,357,139 99.99 2,326 0.01 398,359,465 30,739
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Jorge Born Jr.
4 (O) 384,840,241 97.58 9,531,375 2.42 394,371,616 4,018,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Votes of the independent
shareholders(2) 187,939,935 95.17 9,531,375 4.83 197,471,310 4,018,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Ignacio
5 Bustamante (O) 363,817,842 96.92 11,555,683 3.08 375,373,525 23,016,679
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Jill Gardiner
6 (O) 391,909,116 99.38 2,462,500 0.62 394,371,616 4,018,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Votes of the independent
shareholders(2) 195,008,810 98.75 2,462,500 1.25 197,471,310 4,018,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Eduardo
7 Hochschild (O) 345,552,755 92.60 27,628,049 7.40 373,180,804 25,209,400
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Eileen Kamerick
8 (O) 380,317,187 96.44 14,044,429 3.56 394,361,616 4,028,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Votes of the independent
shareholders(2) 183,416,881 92.89 14,044,429 7.11 197,461,310 4,028,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
9 Elect Tracey Kerr (O) 393,703,155 99.83 658,461 0.17 394,361,616 4,028,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Votes of the independent
shareholders(2) 196,802,849 99.67 658,461 0.33 197,461,310 4,028,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-elect Michael
10 Rawlinson (O) 364,521,902 92.44 29,823,714 7.56 394,345,616 4,044,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Votes of the independent
shareholders(2) 167,621,596 84.90 29,823,714 15.10 197,445,310 4,044,588
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Re-appoint Ernst & Young
LLP as
11 auditors (O) 373,095,677 93.66 25,247,788 6.34 398,343,465 46,739
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Authorise the Audit
Committee to
set the auditors'
remuneration
12 (O) 375,141,522 94.18 23,202,943 5.82 398,344,465 45,739
------------------------- ------------ ------- ----------- ------- ------------ ---------------
13 Authorise directors to
allot shares/grant
rights to subscribe for
or to convert
any securities into
shares (O) 396,767,673 99.60 1,588,456 0.4 398,356,129 34,075
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Disapply statutory
pre-emption
14 rights (S) 397,640,044 99.83 672,585 0.17 398,312,629 77,575
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Disapply statutory
pre-emption
rights to finance an
acquisition
or other capital
15 investment (S) 392,721,429 98.59 5,635,200 1.41 398,356,629 33,575
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Authorise the Company to
make market
purchases of own shares
16 (S) 396,170,087 99.48 2,090,470 0.52 398,260,557 129,647
------------------------- ------------ ------- ----------- ------- ------------ ---------------
Authorise general
meetings other
than AGMs to be called
on not less
than 14 clear days'
17 notice (S) 388,288,320 97.47 10,071,309 2.53 398,359,629 30,575
------------------------- ------------ ------- ----------- ------- ------------ ---------------
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 196,900,306 shares owned by
Pelham Investment Corporation which is ultimately controlled by
Eduardo Hochschild)
- ends -
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