HOCHSCHILD MINING PLC — AGM Information 2022

May 26, 2022

National Storage Mechanism | Additional information

RNS Number : 9369M

Hochschild Mining PLC

26 May 2022

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26 May 2022

Results of EGM & AGM

Hochschild Mining PLC (the "Company") announces the results detailed below of the polls taken at the Extraordinary General Meeting (the "EGM") and Annual General Meeting (the "AGM") held earlier this morning at which all proposed resolutions were passed.

As announced on 23 February 2022, at the conclusion of the AGM:

(i)    Graham Birch and Dionisio Romero retired from the Board, and Mike Sylvestre and Nicolas Hochschild joined the Board as Independent Non-Executive Director and Non-Executive Director respectively;

(ii)   Tracey Kerr assumed the Chair of the Sustainability Committee; and

(iii)  Mike Sylvestre joined the Sustainability and Nomination Committees.

In accordance with Listing Rule 9.6.2R, the Company has submitted copies of the resolutions dealing with the AGM special business as well as the EGM resolutions to the National Storage Mechanism, which will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 

As announced on 20 April 2022, at the conclusion of the EGM following the approval of shareholders, the Company entered into deeds of release in favour of the Company's shareholders and directors in relation to its dividend rectification process.

Following the passing of all resolutions at the EGM, the Company will seek approval by the Court of England and Wales for the following:

(i)    a capitalisation of the Company's merger reserve followed by a cancellation of the shares that are issued with the sum arising on the cancellation being credited to the Company's retained earnings reserve;

(ii)   the subsequent reduction of all or part of the Company's share premium account and the crediting of the amount by which the share premium account is reduced to the Company's retained earnings reserve; and

(iii)  the reduction in the nominal value of the Ordinary Shares from 25 pence per Ordinary Share to 1 pence per Ordinary Share.

Note

The number of Ordinary Shares in issue on 26 May 2022 at 6 p.m. 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)7825 533495

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 owns the Mara Rosa Advanced Project in Brazil as well as numerous long-term projects throughout the Americas.

LEI: 549300JK10TVQ3CCJQ89

EGM Resolutions ("S" denotes Special Resolution)			VOTES FOR		% OF VOTES CAST 1		VOTES AGAINST		% OF VOTES CAST 1		TOTAL VOTES		VOTES WITHHELD
1	Dividend Rectification (S)		174,081,152		99.95		94,372		0.05		174,175,524		215,953,2152
2	Capitalisation of Merger Reserve & Cancellation of Bonus Shares (S)		389,977,782		99.98		96,726		0.02		390,074,508		54,231
3	Reduction of Capital (S)		390,008,211		99.98		74,399		0.02		390,082,610		46,129
1.   Excludes votes withheld 2.   Includes votes withheld by the Directors, the Related Party Former Director and the Substantial Shareholder and each of their respective associates (such capitalised terms carrying the meanings given to them in the Company's shareholder circular dated 20 April 2022).
AGM Resolutions ("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 2021 Report and Accounts (O)		396,050,815		99.49		2,048,156		0.51		398,098,971		291,233
2	Approve 2021 Directors' Remuneration Report (O)		384,113,210		96.44		14,168,466		3.56		398,281,676		108,528
3	Approve the final dividend (O)		398,357,139		99.99		2,326		0.01		398,359,465		30,739
4	Re-elect Jorge Born Jr. (O)		384,840,241		97.58		9,531,375		2.42		394,371,616		4,018,588
	Votes of the independent shareholders2		187,939,935		95.17		9,531,375		4.83		197,471,310		4,018,588
5	Re-elect Ignacio Bustamante (O)		363,817,842		96.92		11,555,683		3.08		375,373,525		23,016,679
6	Re-elect Jill Gardiner (O)		391,909,116		99.38		2,462,500		0.62		394,371,616		4,018,588
	Votes of the independent shareholders2		195,008,810		98.75		2,462,500		1.25		197,471,310		4,018,588
7	Re-elect Eduardo Hochschild (O)		345,552,755		92.60		27,628,049		7.40		373,180,804		25,209,400
8	Re-elect Eileen Kamerick (O)		380,317,187		96.44		14,044,429		3.56		394,361,616		4,028,588
	Votes of the independent shareholders2		183,416,881		92.89		14,044,429		7.11		197,461,310		4,028,588
9	Elect Tracey Kerr (O)		393,703,155		99.83		658,461		0.17		394,361,616		4,028,588
	Votes of the independent shareholders2		196,802,849		99.67		658,461		0.33		197,461,310		4,028,588
10	Re-elect Michael Rawlinson (O)		364,521,902		92.44		29,823,714		7.56		394,345,616		4,044,588
	Votes of the independent shareholders2		167,621,596		84.90		29,823,714		15.10		197,445,310		4,044,588
11	Re-appoint Ernst & Young LLP as auditors (O)		373,095,677		93.66		25,247,788		6.34		398,343,465		46,739
12	Authorise the Audit Committee to set the auditors' remuneration (O)		375,141,522		94.18		23,202,943		5.82		398,344,465		45,739
13	Authorise directors to allot shares/grant rights to subscribe for or to convert any securities into shares (O)		396,767,673		99.60		1,588,456		0.4		398,356,129		34,075
14	Disapply statutory pre-emption rights (S)		397,640,044		99.83		672,585		0.17		398,312,629		77,575
15	Disapply statutory pre-emption rights to finance an acquisition or other capital investment (S)		392,721,429		98.59		5,635,200		1.41		398,356,629		33,575
16	Authorise the Company to make market purchases of own shares (S)		396,170,087		99.48		2,090,470		0.52		398,260,557		129,647
17	Authorise general meetings other than AGMs to be called on not less than 14 clear days' notice (S)		388,288,320		97.47		10,071,309		2.53		398,359,629		30,575

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 196,900,306 shares owned by Pelham Investment Corporation which is ultimately controlled by Eduardo Hochschild)

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