Fresnillo PLC Result of AGM (7517Z)

TIDMFRES

RNS Number : 7517Z

Fresnillo PLC

21 May 2019

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

21 May 2019

Fresnillo plc - Result of AGM

The Board is pleased to announce that all of the resolutions put to shareholders at today's Annual General Meeting were passed by means of a poll, including the ordinary resolutions (resolutions 1 to 19) and special resolutions (resolutions 20 to 23) as set out in the Company's notice of AGM dated 16 April 2019. The votes cast for resolutions 10 to 15 relating to the re-election and election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked **).

The final voting figures are shown below.

 
 Resolution                       Total Votes          For (*)             Against (*)        Withheld 
                                      Cast 
                                                   Number        %        Number       % 
                                                ------------  -------  -----------  ------ 
 1: Presentation 
  of the accounts                  687,898,689   687,897,889   100.00          800    0.00       95,282 
                                --------------  ------------  -------  -----------  ------  ----------- 
 2: To approve the 
  final dividend                   687,983,544   687,983,544   100.00            0    0.00       10,427 
                                --------------  ------------  -------  -----------  ------  ----------- 
 3: To approve the 
  Annual Report on 
  Remuneration                     687,978,210   683,901,409    99.41    4,076,801    0.59       15,761 
                                --------------  ------------  -------  -----------  ------  ----------- 
 4: To re-elect 
  Mr Alberto Baillères        659,419,970   609,182,667    92.38   50,237,303    7.62   28,574,000 
                                --------------  ------------  -------  -----------  ------  ----------- 
 5: To re-elect 
  Mr Alejandro Baillères      687,980,500   683,120,538    99.29    4,859,962    0.71       13,470 
                                --------------  ------------  -------  -----------  ------  ----------- 
 6: To re-elect 
  Mr Juan Bordes                   687,415,873   680,496,283    98.99    6,919,590    1.01      578,097 
                                --------------  ------------  -------  -----------  ------  ----------- 
 7: To re-elect 
  Mr Arturo Fernández         687,415,818   680,496,228    98.99    6,919,590    1.01      578,157 
                                --------------  ------------  -------  -----------  ------  ----------- 
 8: To re-elect 
  Mr Jaime Lomelín            687,980,500   686,791,496    99.83    1,189,004    0.17       13,470 
                                --------------  ------------  -------  -----------  ------  ----------- 
 9: To re-elect 
  Mr Fernando Ruiz                 687,407,586   610,041,187    88.75   77,366,399   11.25      586,384 
                                --------------  ------------  -------  -----------  ------  ----------- 
 10: To re-elect 
  Mr Charles Jacobs                687,979,401   684,598,727    99.51    3,380,674    0.49       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 135,384,210**   132,003,536    97.50    3,380,674    2.50       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
 11: To re-elect 
  Ms Bárbara 
  Garza Lagüera               687,414,774   683,437,252    99.42    3,977,522    0.58      579,197 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 134,819,583**   130,842,061    97.05    3,977,522    2.95      579,197 
                                --------------  ------------  -------  -----------  ------  ----------- 
 12. To re-elect 
  Mr Alberto Tiburcio              687,949,400   684,333,405    99.47    3,615,995    0.53       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 135,354,209**   131,738,214    97.33    3,615,995    2.67       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
 13. To re-elect 
  Dame Judith Macgregor            687,979,401   687,943,688    99.99       35,713    0.01       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 135,384,210**   135,348,497    99.97       35,713    0.03       14,570 
                                --------------  ------------  -------  -----------  ------  ----------- 
 14. To re-elect 
  Ms Georgina Kessel               687,978,901   687,947,463   100.00       31,438    0.00       15,070 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 135,383,710**   135,352,272    99.98       31,438    0.02       15,070 
                                --------------  ------------  -------  -----------  ------  ----------- 
 15. To elect Mr 
  Luis Robles                      687,978,951   687,975,850   100.00        3,101    0.00       14,520 
                                --------------  ------------  -------  -----------  ------  ----------- 
                                 135,383,760**   135,380,659   100.00        3,101    0.00       14,520 
                                --------------  ------------  -------  -----------  ------  ----------- 
 16. To approve 
  Directors Remuneration 
  Policy                           687,724,009   681,945,248    99.16    5,778,761    0.84      269,961 
                                --------------  ------------  -------  -----------  ------  ----------- 
 17:To appoint the 
  auditors                         687,975,172   682,438,490    99.20    5,536,682    0.80       18,798 
                                --------------  ------------  -------  -----------  ------  ----------- 
 18: To allow the 
  audit committee 
  to determine the 
  auditors remuneration            687,983,277   685,258,850    99.60    2,724,427    0.40       10,694 
                                --------------  ------------  -------  -----------  ------  ----------- 
 19: To give authority 
  to Directors allot 
  shares                           687,982,322   686,720,113    99.82    1,262,209    0.18       11,649 
                                --------------  ------------  -------  -----------  ------  ----------- 
 20: To disapply 
  pre-emption rights               687,982,487   687,552,777    99.94      429,710    0.06       11,484 
                                --------------  ------------  -------  -----------  ------  ----------- 
 21: To disapply 
  pre-emption rights 
  in in connection 
  with an acquisition 
  or other capital 
  investment                       687,981,636   682,830,045    99.25    5,151,591    0.75       12,334 
                                --------------  ------------  -------  -----------  ------  ----------- 
 22: To authorise 
  purchase of own 
  shares                           687,874,924   680,682,980    98.95    7,191,944    1.05      119,046 
                                --------------  ------------  -------  -----------  ------  ----------- 
 23: Notice of general 
  meetings                         687,976,257   684,152,984    99.44    3,823,273    0.56       17,714 
                                --------------  ------------  -------  -----------  ------  ----------- 
 

(*) = Includes discretionary votes

(**) =Votes cast by the independent shareholders

As at the date of the AGM, the number of issued shares and total voting rights of the Company was 736,893,589 shares in issue. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll. The scrutineer of the poll was Equiniti Limited.

In accordance with Listing Rule 9.6.2, Fresnillo plc has submitted a copy of the resolutions dealing with the special business put to shareholders at the AGM today to the National Storage Mechanism, which will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

For further information, please visit our website www.fresnilloplc.com or contact:

 
 Fresnillo plc                       Tel: [phone] 
  London Office 
  Gabriela Mayor, Head of Investor 
  Relations 
  Patrick Chambers 
 Mexico City Office                  Tel: [phone] 
  Ana Belem Zárate 
 
   Powerscourt                         Tel: [phone] 
   Peter Ogden 
 

About Fresnillo plc

Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos(1) , Noche Buena and San Julián, two development projects - the Pyrites Plant at Fresnillo and Juanicipio, and three advanced exploration projects - Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects.

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.

Fresnillo plc has a strong and long tradition of exploring, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company and Mexico's largest gold producer.

(1) Operations at Soledad-Dipolos are currently suspended.

Forward Looking Statements

Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

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May 21, 2019 11:12 ET (15:12 GMT)