TIDMHOC
RNS Number : 9006Y
Hochschild Mining PLC
20 May 2016
Hochschild Mining plc
("the Company")
Result of AGM
20 May 2016
The Company announces the results detailed below of the poll
taken at the Annual General Meeting held earlier today.
The Company notes the level of votes against the 2015
Remuneration Report which, through shareholder engagement, appears
to be in response to (a) the base salary increases awarded to the
CEO during 2015 and (b) the calculation of the CEO's 2015 annual
bonus with reference to his year-end salary.
The Remuneration Committee acknowledges the specific views
expressed by shareholders which will be taken into account as part
of a review of the Company's framework of executive remuneration.
The Committee also intends to consult its significant shareholders
as part of this review.
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 18 May 2016 at 6pm was
505,571,505. 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.
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 2015
Report
1 and Accounts 421,419,079 97.24 11,972,426 2.76 434,265,280 873,775
Approve 2015
Directors'
Remuneration
2 Report 284,334,705 65.75 148,095,988 34.25 434,265,280 1,834,587
Re-elect Graham
3 Birch 425,794,662 98.05 8,470,618 1.95 434,265,280 0
Votes of the
independent
shareholders(2) 151,729,289 94.71 8,470,618 5.29 160,199,907 0
Re-elect Enrico
4 Bombieri 421,521,320 97.07 12,743,960 2.93 434,265,280 0
Votes of the
independent
shareholders(2) 147,455,947 92.04 12,743,960 7.96 160,199,907 0
Re-elect Jorge
5 Born Jr. 434,169,811 99.98 95,469 0.02 434,265,280 0
Votes of the
independent
shareholders(2) 160,104,438 99.94 95,469 0.06 160,199,907 0
Re-elect
Ignacio
6 Bustamante 432,323,478 99.55 1,941,802 0.45 434,265,280 0
Re-elect
Roberto
7 Danino 432,322,103 99.55 1,943,177 0.45 434,265,280 0
Re-elect
Eduardo
8 Hochschild 381,066,323 87.75 53,198,957 12.25 434,265,280 0
Re-elect Nigel
9 Moore 422,093,207 97.20 12,172,073 2.80 434,265,280 0
Votes of the
independent
shareholders(2) 148,027,834 92.40 12,172,073 7.60 160,199,907 0
Elect Michael
10 Rawlinson 433,790,063 99.89 475,217 0.11 434,265,280 0
Votes of the
independent
shareholders(2) 159,724,690 99.70 475,217 0.30 160,199,907 0
Re-appoint
Ernst
&
Young LLP as
11 auditors 431,747,323 99.47 2,311,707 0.53 434,265,280 206,250
Authorise the
Audit
Committee to
set the
auditors'
12 remuneration 433,801,246 99.89 464,034 0.11 434,265,280 0
Authorise
directors
to
allot
shares/grant
rights to
subscribe
for
or to convert
any
securities into
13 shares 430,860,160 99.79 907,411 0.21 434,265,280 2,497,709
Disapply
statutory
pre
14 emption rights 426,266,966 98.74 5,450,605 1.26 434,265,280 2,547,709
Authorise the
Company to make
market
purchases
of
15 own shares 429,936,614 99.58 1,830,957 0.42 434,265,280 2,497,709
Authorise
general
meetings other
than
AGMs to be
called
on
not less than
14 clear
16 days' notice 419,827,083 96.68 14,438,197 3.32 434,265,280 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.
Enquiries:
Hochschild Mining plc
Raj Bhasin +44 (0)20 3714 9040
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)207 796 4133
Public Relations
This information is provided by RNS
The company news service from the London Stock Exchange
END
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