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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.
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FOR
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AGAINST
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Resolution
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Description of Resolution
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Number of Votes
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% of Votes Cast
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Number
of Votes
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% of Votes Cast
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Total Number of Votes Cast
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Votes Withheld
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1
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Receipt of 2015 Report
and Accounts
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421,419,079
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97.24
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11,972,426
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2.76
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434,265,280
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873,775
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2
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Approve 2015
Directors'
Remuneration Report
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284,334,705
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65.75
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148,095,988
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34.25
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434,265,280
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1,834,587
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3
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Re-elect Graham Birch
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425,794,662
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98.05
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8,470,618
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1.95
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434,265,280
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0
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Votes of the independent
shareholders
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151,729,289
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94.71
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8,470,618
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5.29
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160,199,907
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0
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4
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Re-elect Enrico
Bombieri
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421,521,320
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97.07
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12,743,960
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2.93
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434,265,280
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0
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Votes of the independent
shareholders
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147,455,947
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92.04
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12,743,960
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7.96
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160,199,907
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0
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5
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Re-elect Jorge Born Jr.
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434,169,811
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99.98
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95,469
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0.02
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434,265,280
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0
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Votes of the independent
shareholders
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160,104,438
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99.94
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95,469
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0.06
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160,199,907
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0
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6
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Re-elect Ignacio
Bustamante
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432,323,478
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99.55
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1,941,802
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0.45
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434,265,280
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0
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7
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Re-elect Roberto
Danino
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432,322,103
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99.55
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1,943,177
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0.45
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434,265,280
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0
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8
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Re-elect Eduardo
Hochschild
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381,066,323
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87.75
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53,198,957
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12.25
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434,265,280
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0
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9
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Re-elect Nigel Moore
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422,093,207
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97.20
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12,172,073
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2.80
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434,265,280
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0
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Votes of the independent
shareholders
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148,027,834
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92.40
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12,172,073
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7.60
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160,199,907
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0
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10
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Elect Michael
Rawlinson
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433,790,063
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99.89
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475,217
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0.11
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434,265,280
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0
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Votes of the independent
shareholders
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159,724,690
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99.70
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475,217
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0.30
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160,199,907
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0
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11
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Re-appoint Ernst &
Young LLP as auditors
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431,747,323
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99.47
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2,311,707
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0.53
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434,265,280
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206,250
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12
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Authorise the Audit
Committee to set the
auditors'
remuneration
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433,801,246
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99.89
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464,034
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0.11
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434,265,280
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0
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13
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Authorise directors to
allot shares/grant
rights to subscribe for
or to convert any
securities into shares
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430,860,160
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99.79
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907,411
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0.21
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434,265,280
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2,497,709
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14
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Disapply statutory pre
emption rights
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426,266,966
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98.74
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5,450,605
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1.26
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434,265,280
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2,547,709
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15
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Authorise the
Company to make
market purchases of
own shares
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429,936,614
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99.58
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1,830,957
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0.42
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434,265,280
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2,497,709
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16
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Authorise general
meetings other than
AGMs to be called on
not less than 14 clear
days' notice
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419,827,083
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96.68
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14,438,197
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3.32
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434,265,280
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0
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1. Excludes votes withheld
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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.
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Enquiries:
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Hochschild Mining plc
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Raj Bhasin
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+44 (0)20 3714 9040
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Company Secretary
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Hudson Sandler
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Charlie Jack
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+44 (0)207 796 4133
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Public Relations
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