Hochschild Mining PLC Result of AGM (4520B)

TIDMHOC

RNS Number : 4520B

Hochschild Mining PLC

06 June 2019

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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.

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Enquiries:

Hochschild Mining PLC

Raj Bhasin [phone]

Company Secretary

Hudson Sandler

Charlie Jack [phone]

Public Relations

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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 AGAINST      % OF      TOTAL VOTES       VOTES WITHHELD 
                                             VOTES                        VOTES 
                                             CAST                         CAST 
                                              (1)                          (1) 
-----------------------    ------------    -------    --------------    -------    ------------    ------------------- 
      Receipt of 2018 
      Report and 
 1    Accounts              406,811,000     99.98         69,907          0.02      406,880,907          986,010 
      Approve 2018 
      Directors' 
      Remuneration 
 2    Report                349,704,099     86.21       55,937,042       13.79      405,641,141         2,225,776 
      Approve the final 
 3    dividend              407,866,918     100.00           0            0.00      407,866,918             0 
      Re-elect Graham 
 4    Birch                 393,335,589     96.44       14,529,668        3.56      407,865,257           1,661 
           Votes of the 
            independent 
        shareholders(2)     134,770,216     90.27       14,529,668        9.73      149,299,884           1,661 
      Re-elect Jorge 
 5    Born Jr.              407,189,607     99.83         675,649         0.17      407,865,256           1,661 
           Votes of the 
            independent 
        shareholders(2)     148,624,234     99.55         675,649         0.45      149,299,883           1,661 
      Re-elect Ignacio 
 6    Bustamante            407,139,471     99.82         725,785         0.18      407,865,256           1,661 
      Re-elect Eduardo 
 7    Hochschild            368,922,780     90.45       38,942,476        9.55      407,865,256           1,661 
      Re-elect Eileen 
 8    Kamerick              392,463,648     96.22       15,401,609        3.78      407,865,257           1,661 
           Votes of the 
            independent 
        shareholders(2)     133,898,275     89.68       15,401,609       10.32      149,299,884           1,661 
      Re-elect Dionisio 
 9    Romero Paoletti       305,327,779     75.85       97,237,477       24.15      402,565,256         5,301,661 
      Re-elect Michael 
 10   Rawlinson             391,346,182     95.95       16,519,075        4.05      407,865,257           1,661 
           Votes of the 
            independent 
        shareholders(2)     132,780,809     88.94       16,519,075       11.06      149,299,884           1,661 
      Re-elect Sanjay 
 11   Sarma                 407,351,088     99.87         514,168         0.13      407,865,256           1,661 
           Votes of the 
            independent 
        shareholders(2)     148,785,715     99.66         514,168         0.34      149,299,883           1,661 
      Re-appoint Ernst 
      & Young LLP as 
 12   auditors              407,686,768     99.96         180,149         0.04      407,866,917             0 
      Authorise the 
      Audit Committee 
      to 
      set the auditors' 
 13   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 
      Disapply 
      statutory 
      pre-emption 
 15   rights                407,860,228     100.00         4,279          0.00      407,864,507           2,411 
      Disapply 
      statutory 
      pre-emption 
      rights to finance 
      an acquisition 
      or other capital 
 16   investment            407,117,396     99.82         747,860         0.18      407,865,256           1,661 
      Authorise the 
      Company to make 
      market 
      purchases of own 
 17   shares                402,421,438     98.67        5,433,293        1.33      407,854,731           12,186 
      Authorise general 
      meetings other 
      than AGMs to be 
      called on not 
      less 
      than 14 clear 
 18   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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June 06, 2019 12:55 ET (16:55 GMT)