HOCHSCHILD MINING PLC — AGM Information 2020

May 21, 2020

National Storage Mechanism | Additional information

RNS Number : 6634N

Hochschild Mining PLC

21 May 2020

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21 May 2020

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 morning 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 board of directors ("the Board") 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 continued to reassure the Board of his availability and commitment to the Company particularly in light of the fact that he will be relinquishing, next month, his executive directorship of NYSE-listed financial holding company, Credicorp. 

The Company has engaged with its major shareholders to discuss their concerns relating to Mr Romero's board membership and will continue to do so.

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 at:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Note

The number of Ordinary Shares in issue on 19 May 2020 at 6pm was 513,875,563. 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                                                                                                                                                               +44 (0)20 3709 3260

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.

LEI: 549300JK10TVQ3CCJQ89

Resolution ("O" denotes Ordinary Resolution, "S" denotes Special Resolution)			VOTES FOR		% OF VOTES CAST 1		VOTES AGAINST		% OF VOTES CAST 1		TOTAL VOTES		VOTES WITHHELD
1	Receipt of 2019 Report and Accounts (O)		391,598,750		99.97		130,254		0.03		391,729,004		231,233
2	Approve 2019 Directors' Remuneration Report (O)		372,486,543		95.04		19,439,702		4.96		391,926,245		33,991
3	Re-elect Graham Birch (O)		391,472,587		99.88		457,659		0.12		391,930,246		29,991
	Votes of the independent shareholders2		132,887,214		99.66		457,659		0.34		133,344,873		29,991
4	Re-elect Jorge Born Jr. (O)		390,949,201		99.75		981,045		0.25		391,930,246		29,991
	Votes of the independent shareholders2		132,363,828		99.26		981,045		0.74		133,344,873		29,991
5	Re-elect Ignacio Bustamante (O)		391,486,464		99.89		443,782		0.11		391,930,246		29,991
6	Re-elect Eduardo Hochschild (O)		337,879,100		86.21		54,051,145		13.79		391,930,245		29,991
7	Re-elect Eileen Kamerick (O)		391,391,243		99.86		539,003		0.14		391,930,246		29,991
	Votes of the independent shareholders2		132,805,870		99.60		539,003		0.40		133,344,873		29,991
8	Re-elect Dionisio Romero Paoletti (O)		303,853,362		77.53		88,076,883		22.47		391,930,245		29,991
9	Re-elect Michael Rawlinson (O)		374,204,208		95.48		17,726,037		4.52		391,930,245		29,991
	Votes of the independent shareholders2		115,618,835		86.70		17,726,037		13.30		133,344,872		29,991
10	Re-elect Sanjay Sarma (O)		391,472,588		99.88		457,658		0.12		391,930,246		29,991
	Votes of the independent shareholders2		132,887,215		99.66		457,658		0.34		133,344,873		29,991
11	Re-appoint Ernst & Young LLP as auditors (O)		391,799,992		99.97		130,254		0.03		391,930,246		29,991
12	Authorise the Audit Committee to set the auditors' remuneration (O)		391,928,746		99.99		1,500		0.01		391,930,246		29,991
13	Authorise directors to allot shares/grant rights to subscribe for or to convert any securities into shares (O)		390,542,422		99.64		1,417,065		0.36		391,959,487		750
14	Disapply statutory pre-emption rights (S)		386,059,370		98.49		5,900,867		1.51		391,960,237		0
15	Disapply statutory pre-emption rights to finance an acquisition or other capital investment (S)		391,927,411		99.99		32,826		0.01		391,960,237		0
16	Authorise the Company to make market purchases of own shares (S)		386,230,337		98.54		5,716,966		1.46		391,947,303		12,933
17	Authorise general meetings other than AGMs to be called on not less than 14 clear days' notice (S)		387,805,030		98.94		4,155,207		1.06		391,960,237			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 (i.e. excluding the 258,565,373 shares owned by Pelham Investment Corporation which is ultimately controlled by Eduardo Hochschild) 

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