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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