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Result of AGM

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RNS Number : 9006Y
Hochschild Mining PLC
20 May 2016
 

Hochschild Mining plc

("the Company")

 

Result of AGM

20 May 2016

 

 

The Company announces the results detailed below of the poll taken at the Annual General Meeting held earlier today. 

 

The Company notes the level of votes against the 2015 Remuneration Report which, through shareholder engagement, appears to be in response to (a) the base salary increases awarded to the CEO during 2015 and (b) the calculation of the CEO's 2015 annual bonus with reference to his year-end salary.

 

The Remuneration Committee acknowledges the specific views expressed by shareholders which will be taken into account as part of a review of the Company's framework of executive remuneration.  The Committee also intends to consult its significant shareholders as part of this review.

 

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 18 May 2016 at 6pm was 505,571,505. 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.

 

 

 

 

FOR

 

AGAINST

 

 

 

 

 

Resolution

 

Description of Resolution

Number  of Votes

% of Votes Cast1

 

Number

of Votes

% of Votes Cast1

 

Total Number of Votes Cast

 

Votes Withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

Receipt of 2015 Report
 and Accounts

421,419,079

97.24

 

11,972,426

2.76

 

434,265,280

 

873,775

 

2

 

Approve 2015
 Directors'
 Remuneration Report

284,334,705

65.75

 

148,095,988

34.25

 

434,265,280

 

1,834,587

 

3

 

Re-elect Graham Birch

425,794,662

98.05

 

8,470,618

1.95

 

434,265,280

 

0

 

 

 

Votes of the independent
 shareholders2

151,729,289

94.71

 

8,470,618

5.29

 

160,199,907

 

0

 

4

 

Re-elect Enrico
 Bombieri

421,521,320

97.07

 

12,743,960

2.93

 

434,265,280

 

0

 

 

 

Votes of the independent
 shareholders2

147,455,947

92.04

 

12,743,960

7.96

 

160,199,907

 

0

 

5

 

Re-elect Jorge Born Jr.

434,169,811

99.98

 

95,469

0.02

 

434,265,280

 

0

 

 

 

Votes of the independent
 shareholders2

160,104,438

99.94

 

95,469

0.06

 

160,199,907

 

0

 

6

 

Re-elect Ignacio
 Bustamante

432,323,478

99.55

 

1,941,802

0.45

 

434,265,280

 

0

 

7

 

Re-elect Roberto
 Danino

432,322,103

99.55

 

1,943,177

0.45

 

434,265,280

 

0

 

8

 

Re-elect Eduardo
 Hochschild

381,066,323

87.75

 

53,198,957

12.25

 

434,265,280

 

0

 

9

 

Re-elect Nigel Moore

422,093,207

97.20

 

12,172,073

2.80

 

434,265,280

 

0

 

 

 

Votes of the independent
 shareholders2

148,027,834

92.40

 

12,172,073

7.60

 

160,199,907

 

0

 

10

 

Elect Michael
 Rawlinson

433,790,063

99.89

 

475,217

0.11

 

434,265,280

 

0

 

 

 

Votes of the independent
 shareholders2

159,724,690

99.70

 

475,217

0.30

 

160,199,907

 

0

 

11

 

Re-appoint Ernst &
 Young LLP as auditors

431,747,323

99.47

 

2,311,707

0.53

 

434,265,280

 

206,250

 

12

 

Authorise the Audit
 Committee to set the
 auditors'
 remuneration

433,801,246

99.89

 

464,034

0.11

 

434,265,280

 

0

 

13

 

Authorise directors to
 allot shares/grant
 rights to subscribe for
 or to convert any
 securities into shares

430,860,160

99.79

 

907,411

0.21

 

434,265,280

 

2,497,709

 

14

 

Disapply statutory pre
 emption rights

426,266,966

98.74

 

5,450,605

1.26

 

434,265,280

 

2,547,709

 

15

 

Authorise the
 Company to make
 market purchases of
 own shares

429,936,614

99.58

 

1,830,957

0.42

 

434,265,280

 

2,497,709

 

16

 

Authorise general
 meetings other than
 AGMs to be called on
 not less than 14 clear
 days' notice

419,827,083

96.68

 

14,438,197

3.32

 

434,265,280

 

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.

 

                             

 Enquiries:

 

 

Hochschild Mining plc

 

Raj Bhasin

+44 (0)20 3714 9040

Company Secretary

 

 

 

 

 

Hudson Sandler

 

Charlie Jack

+44 (0)207 796 4133

Public Relations

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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