TIDMHOC
RNS Number : 0193F
Hochschild Mining PLC
12 May 2017
Hochschild Mining plc
("the Company")
Result of AGM &
Confirmation of Changes in Board/Committee Composition
The Company announces the results detailed below of the poll
taken at the Annual General Meeting ("AGM") held yesterday
afternoon at which all proposed resolutions were passed.
Retirement of Directors
As previously announced, Roberto Dañino and Nigel Moore retired
from the Board of Directors (the "Board") at the conclusion of the
AGM.
Re-election of Jorge Born Jnr
The Board notes the level of votes against the re-election of
Jorge Born Jnr, a Non-Executive Director, reflecting certain
investors' views with regards to Mr Born's independence in light of
his tenure on the Board.
The Board evaluates the independence of each Non-Executive
Director annually and, as stated in the 2016 Annual Report, has
concluded that Mr Born continues to act as an effective independent
Non-Executive Director.
Composition of the Board & Committees
Following the retirements referred to above, the Board comprises
the Chairman, the CEO and 6 independent Non-Executive Directors.
The membership of the Company's committees is as follows:
Audit Committee: Eileen Kamerick*, Graham Birch and Michael
Rawlinson
CSR Committee: Graham Birch*, Ignacio Bustamante and Michael
Rawlinson
Remuneration Committee: Enrico Bombieri*, Graham Birch and
Michael Rawlinson
Nominations Committee: Eduardo Hochschild*, Enrico Bombieri,
Jorge Born Jnr and Sanjay Sarma
*Denotes Chairman of the Committee
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 9 May 2017 at 6pm was
507,232,310. 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
FOR AGAINST
----------------------- ----------------------
Total
% of % of Number
Description of Number Votes Number Votes of Votes Votes
Resolution Resolution of Votes Cast(1) of Votes Cast(1) Cast Withheld
Receipt of 2016
Report and
1 Accounts 436,854,649 99.99% 57,928 0.01% 436,912,577 79,722
Approve 2016
Directors'
Remuneration
2 Report 424,953,371 97.27% 11,934,005 2.73% 436,887,376 104,922
Re-elect Graham
3 Birch 436,935,201 99.99% 57,098 0.01% 436,992,299 0
Votes of the
independent
shareholders(2) 178,369,828 99.97% 57,098 0.03% 178,426,926 0
Re-elect Enrico
4 Bombieri 436,291,538 99.84% 700,761 0.16% 436,992,299 0
Votes of the
independent
shareholders(2) 177,726,165 99.61% 700,761 0.39% 178,426,926 0
Re-elect Jorge Born
5 Jr. 386,979,332 88.56% 50,012,966 11.44% 436,992,298 0
Votes of the
independent
shareholders(2) 128,413,959 71.97% 50,012,966 28.03% 178,426,925 0
Re-elect Ignacio
6 Bustamante 436,795,188 99.95% 197,111 0.05% 436,992,299 0
Re-elect Eduardo
7 Hochschild 426,935,453 97.87% 9,288,239 2.13% 436,223,692 768,607
Elect Eileen
8 Kamerick 436,784,799 99.98% 70,000 0.02% 436,854,799 137,500
Votes of the
independent
shareholders(2) 178,219,426 99.96% 70,000 0.04% 178,289,426 137,500
Re-elect Michael
9 Rawlinson 436,794,264 99.99% 60,535 0.01% 436,854,799 137,500
Votes of the
independent
shareholders(2) 178,228,891 99.97% 60,535 0.03% 178,289,426 137,500
10 Elect Sanjay Sarma 436,865,201 99.97% 127,098 0.03% 436,992,299 0
Votes of the
independent
shareholders(2) 178,299,828 99.93% 127,098 0.07% 178,426,926 0
Re-appoint Ernst &
Young LLP
11 as auditors 436,653,626 99.97% 131,173 0.03% 436,784,799 207,500
Authorise the Audit
Committee
to set the
auditors'
12 remuneration 436,992,299 100.00% 0 0% 436,992,299 0
Authorise directors
to allot
shares/grant rights
to subscribe
for or to convert
any securities
13 into shares 435,442,348 99.65% 1,549,951 0.35% 436,992,299 0
Disapply statutory
pre-emption
14 rights 436,776,612 99.95% 212,250 0.05% 436,988,862 3,437
Disapply statutory
pre-emption
rights to finance
an acquisition
or other capital
15 investment 423,854,668 96.35% 16,051,680 3.65% 439,906,348 0
Authorise the
Company to make
market purchases of
16 own shares 436,778,827 99.95% 213,472 0.05% 436,992,299 0
Authorise general
meetings
other than AGMs to
be called
on not less than 14
clear days'
17 notice 433,704,465 99.25% 3,287,833 0.75% 436,992,298 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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