TIDMFRES

RNS Number : 4085O

Fresnillo PLC

29 May 2020

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

29 May 2020

FRESNILLO PLC - RESULT OF AGM

The Board is pleased to announce that all of the resolutions put to shareholders at today's Annual General Meeting were passed by means of a poll, including the ordinary resolutions (resolutions 1 to 18) and special resolutions (resolutions 19 to 22) as set out in the Company's notice of AGM dated 28 April 2020. The votes cast for resolutions 9 to 15 relating to the re-election and election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked **)

The final voting figures are shown below.

 
 Resolution                      Total Votes          For (*)             Against (*)      Withheld 
                                     Cast 
                                                  Number        %        Number      % 
                                               ------------  -------  -----------  ----- 
 1: Presentation of 
  the accounts                   684,153,642    684,134,562   100.00     19,080     0.00   2,372,224 
                               --------------  ------------  -------  -----------  -----  ---------- 
 2: To approve the 
  final dividend                 686,525,347    686,523,749   100.00     1,598      0.00      520 
                               --------------  ------------  -------  -----------  -----  ---------- 
 3: To approve the 
  Annual Report on 
  Remuneration                   686,514,636    683,506,552   99.56    3,008,084    0.44    11,231 
                               --------------  ------------  -------  -----------  -----  ---------- 
 4: To re-elect Mr 
  Alberto Baillères         686,478,048    620,054,197   90.32    66,423,851   9.68    47,818 
                               --------------  ------------  -------  -----------  -----  ---------- 
 5: To re-elect Mr 
  Alejandro Baillères       686,523,025    680,658,390   99.15    5,864,635    0.85     2,842 
                               --------------  ------------  -------  -----------  -----  ---------- 
 6: To re-elect Mr 
  Juan Bordes                    686,523,153    678,771,226   98.87    7,751,927    1.13     2,714 
                               --------------  ------------  -------  -----------  -----  ---------- 
 7: To re-elect Mr 
  Arturo Fernández          686,519,553    678,767,626   98.87    7,751,927    1.13     6,314 
                               --------------  ------------  -------  -----------  -----  ---------- 
 8: To re-elect Mr 
  Fernando Ruiz                  685,610,780    629,877,821   91.87    55,732,959   8.13    915,086 
                               --------------  ------------  -------  -----------  -----  ---------- 
 9: To re-elect Mr 
  Charles Jacobs                 686,522,005    685,530,555   99.86     991,450     0.14     3,862 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,926,814**   132,935,364   99.26     991,450     0.74     3,862 
                               --------------  ------------  -------  -----------  -----  ---------- 
 10: To re-elect Ms 
  Bárbara Garza 
  Lagüera                   686,511,253    678,753,042   98.87    7,758,211    1.13    14,614 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,916,062**   126,157,851   94.21    7,758,211    5.79    14,614 
                               --------------  ------------  -------  -----------  -----  ---------- 
 11: To re-elect Mr 
  Alberto Tiburcio               686,523,152    677,216,282   98.64    9,306,870    1.36     2,714 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,927,961**   124,621,091   93.05    9,306,870    6.95     2,714 
                               --------------  ------------  -------  -----------  -----  ---------- 
 12: To re-elect Dame 
  Judith Macgregor               686,524,105    686,512,046   100.00     12,059     0.00     1,762 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,928,914**   133,916,855   99.99      12,059     0.01     1,762 
                               --------------  ------------  -------  -----------  -----  ---------- 
 13: To re-elect Ms 
  Georgina Kessel                686,523,253    686,516,137   100.00     7,116      0.00     2,614 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,928,062**   133,920,946   99.99      7,116      0.01     2,614 
                               --------------  ------------  -------  -----------  -----  ---------- 
 14: To re-elect Mr 
  Luis Robles                    686,522,553    686,517,664   100.00     4,889      0.00     3,314 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,927,362**   133,922,473   100.00     4,889      0.00     3,314 
                               --------------  ------------  -------  -----------  -----  ---------- 
 15: To elect Ms Guadalupe 
  De la Vega                     686,523,605    686,518,953   100.00     4,652      0.00     2,262 
                               --------------  ------------  -------  -----------  -----  ---------- 
                                133,928,414**   133,923,762   100.00     4,652      0.00     2,262 
                               --------------  ------------  -------  -----------  -----  ---------- 
 16: To appoint the 
  auditors                       686,521,521    680,971,239   99.19    5,550,282    0.81     4,345 
                               --------------  ------------  -------  -----------  -----  ---------- 
 17: To allow the 
  audit committee to 
  determine the auditors 
  remuneration                   686,524,952    684,735,543   99.74    1,789,409    0.26      915 
                               --------------  ------------  -------  -----------  -----  ---------- 
 18: To give authority 
  to Directors allot 
  shares                         686,520,998    685,907,881   99.91     613,117     0.09     4,869 
                               --------------  ------------  -------  -----------  -----  ---------- 
 19: To disapply pre-emption 
  rights                         686,518,827    684,613,685   99.72    1,905,142    0.28     7,040 
                               --------------  ------------  -------  -----------  -----  ---------- 
 20: To disapply pre-emption 
  rights in in connection 
  with an acquisition 
  or other capital 
  investment                     686,518,526    682,225,747   99.37    4,292,779    0.63     7,340 
                               --------------  ------------  -------  -----------  -----  ---------- 
 21: To authorise 
  purchase of own shares         686,426,035    679,818,776   99.04    6,607,259    0.96    99,831 
                               --------------  ------------  -------  -----------  -----  ---------- 
 22: Notice of general 
  meetings                       686,521,948    683,735,969   99.59    2,785,979    0.41     3,919 
                               --------------  ------------  -------  -----------  -----  ---------- 
 

(*) = Includes discretionary votes

(**) =Votes cast by the independent shareholders

As at the date of the AGM, the number of issued shares and total voting rights of the Company was 736,893,589 shares in issue. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll. The scrutineer of the poll was Equiniti Limited.

In accordance with Listing Rule 9.6.2, Fresnillo plc has submitted a copy of the resolutions dealing with the special business put to shareholders at the AGM today to the National Storage Mechanism, which will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

S

For further information, please visit our website www.fresnilloplc.com or contact:

 
 
   FRESNILLO PLC                        Tel: +44 (0)20 7399 2470 
   London Office 
   Gabriela Mayor, Head of Investor 
   Relations 
   Patrick Chambers 
 Mexico City Office                   Tel: +52 55 52 79 3206 
  Ana Belem Zárate 
 
   POWERSCOURT                          Tel: +44 (0)7793 858 211 
   Peter Ogden 
 

ABOUT FRESNILLO PLC

Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine, Las Casas Rosario & Cluster Cebollitas), Herradura, Soledad-Dipolos(1) , Noche Buena and San Julián (Veins and Disseminated Ore Body), three development projects - the Pyrites Plant at Fresnillo, the optimisation of the beneficiation plant also at Fresnillo and Juanicipio, and six advanced exploration projects - Orisyvo, Centauro great potential, Centauro Deep, Guanajuato, Rodeo and Tajitos, as well as a number of other long term exploration prospects.

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.

Fresnillo plc has a strong and long tradition of exploring, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company and Mexico's largest gold producer.

(1) Operations at Soledad-Dipolos are currently suspended.

FORWARD LOOKING STATEMENTS

Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

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END

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May 29, 2020 11:30 ET (15:30 GMT)

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