HOCHSCHILD MINING PLC — AGM Information 2019

Dec 6, 2019

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RNS Number : 0753W

Hochschild Mining PLC

06 December 2019

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6 December 2019

Update statement on AGM voting result

In accordance with the UK Corporate Governance Code, the Company is providing an update on the outcome of engagement with its major shareholders prompted by the level of dissenting votes on the re-election of Dionisio Romero Paoletti as a Non-Executive Director at the AGM held on 6 June 2019.

Engagement with the Company's shareholders confirmed that the level of votes against Mr Romero's re-election reflected concerns with regards to his availability and commitment to the Company in light of the number of other directorships that he holds.

The Company's Nomination Committee considered the views expressed as part of its deliberations on the composition of the Board and, taking into account (a) Mr Romero's reassurances on his ongoing availability and commitment to Hochschild Mining and (b) the fact that Mr Romero acts as a nominee director of the Company's major shareholder under a Relationship Agreement, the Directors are unanimous in their conclusion that the Company benefits greatly from Mr Romero's extensive experience and knowledge, not only of doing business in Peru and within the wider region, but also of financial markets and corporate finance.

The Company welcomes ongoing dialogue with its shareholders and other stakeholders on this and other matters.

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Enquiries:

Hochschild Mining PLC

Raj Bhasin                                                                                                                                                                                                                                        +44 (0)20 3709 3263

Company Secretary

Hudson Sandler

Charlie Jack                                                                                                                                                                                                                                      +44 (0)20 7796 4133

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.

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LEI: 549300JK10TVQ3CCJQ89

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