Hochschild Mining PLC Update statement on AGM voting result (9456F)
20 November 2020 - 6:00PM
UK Regulatory
TIDMHOC
RNS Number : 9456F
Hochschild Mining PLC
20 November 2020
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20 November 2020
Update statement on AGM voting result
In accordance with the UK Corporate Governance Code, Hochschild
Mining PLC (the "Company") provides an update with regards to the
level of dissenting votes cast on the re-election of Dionisio
Romero Paoletti as a Non-Executive Director at the AGM held on 21
May 2020.
The Company is aware that the voting reflected investors'
concerns with regards to Mr Romero's availability and commitment to
the Company in light of the number of other directorships that he
holds.
The Company's Nomination Committee (the "Committee") met
yesterday and considered the concerns expressed as part of its
annual deliberations on the composition of the Board. The Committee
noted that Mr Romero resigned from the board of NYSE-listed
Credicorp Ltd in June 2020 and received reassurances from Mr Romero
on his ongoing availability and commitment to Hochschild Mining and
that he will not accept any additional listed company
directorships. Taking this into account and the fact that Mr Romero
acts as a nominee director of the Company's major shareholder under
a Relationship Agreement, the Directors are unanimous in their
conclusion that the Company continues to benefit from Mr Romero's
experience of managing sizeable businesses in Peru and the wider
region, but also of his knowledge of corporate finance.
The Company welcomes ongoing dialogue with its shareholders and
other stakeholders on this and other matters.
________________________________________________________________________________________
Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)20 3709 3263
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
________________________________________________________________________________________
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.
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LEI: 549300JK10TVQ3CCJQ89
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