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Hochschild Mining PLC   -  HOC   

Result of AGM

Released 17:55 06-Jun-2019

RNS Number : 4520B
Hochschild Mining PLC
06 June 2019
 

 

 

_________________________________________________________________________________ 

 

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.

________________________________________________________________________________________________  

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.

 

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

 

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.

 


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Result of AGM - RNS