Business
AGM Result
AGM Result.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n\n \n \n\n_________________________________________________________________________________ \n9 June 2023\nResult of AGM\nHochschild Mining PLC (the \"Company\") announces the results detailed below of the poll taken at the Annual General Meeting (the \"AGM\") held earlier today at which all proposed resolutions were passed.\n \nRe-election of Eduardo Hochschild\nThe Board notes the level of votes against Resolution 6, the re-election of the Chair, Eduardo Hochschild. \n \nAs the Company's largest shareholder and given Eduardo's significant experience of mining in Peru, the Directors believe that his continued role as Board Chair to be in the best interests of the Company.\n \nHochschild Mining's governance framework incorporates a number of checks and balances in line with the UK Corporate Governance Code, including the presence of a majority of independent Non-Executive Directors on the Board, fully independent Audit and Remuneration Committees and an active role played by the Senior Independent Director.\n \nEduardo Hochschild has been the Company's largest shareholder since its listing on the London Stock Exchange in 2006 and has chaired the Board since then. The Directors will discuss the reasons for the notable change in sentiment this year with regards to his role as Board Chair as part of the scheduled shareholder engagement process due to take place over the Autumn on the proposed Remuneration Policy to be put to the 2024 AGM. \n \nThe Board values open and transparent dialogue with all stakeholders and will provide an update, as recommended by the UK Corporate Governance Code, within six months of the AGM.\n \nBoard & Committee Composition\nAs announced on 20 April 2023, at the conclusion of the AGM:\n(i) Eileen Kamerick and Nicolas Hochschild stepped down from the Board;\n(ii) Jill Gardiner assumed the Chair of the Audit Committee on an interim basis; and\n(iii) Mike Sylvestre joined as a member of the Audit Committee.\n \nDue to ongoing technical issues with the National Storage Mechanism, the Company is unable to submit a copy of the resolutions dealing with the AGM special business in accordance with Listing Rule 9.6.2R. This will be filed once...