Fresnillo plc
21 Upper
Brook Street
London W1K
7PY
United
Kingdom
www.fresnilloplc.com
21 May
2024
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 23 April 2024. 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
Cast
|
For (*)
|
Against (*)
|
Withheld
|
|
Number
|
%
|
Number
|
%
|
|
1: Presentation of the report and
accounts
|
651,993,549
|
651,929,657
|
99.99
|
63,892
|
0.01
|
3,629,900
|
|
2: To approve the final
dividend
|
655,614,185
|
655,118,933
|
99.92
|
495,252
|
0.08
|
9,264
|
|
3: To approve the Annual Report on
Remuneration
|
655,611,399
|
647,223,058
|
98.72
|
8,388,341
|
1.28
|
12,050
|
|
4: To re-elect Mr Alejandro
Baillères
|
655,611,746
|
585,163,841
|
89.25
|
70,447,905
|
10.75
|
11,208
|
|
5: To re-elect Mr Arturo
Fernández
|
652,461,760
|
636,609,976
|
97.57
|
15,851,784
|
2.43
|
3,161,194
|
|
6: To re-elect Mr Fernando
Ruiz
|
655,612,704
|
637,612,283
|
97.25
|
18,000,421
|
2.75
|
10,250
|
|
7: To re-elect Mr Eduardo
Cepeda
|
655,612,204
|
606,583,326
|
92.52
|
49,028,878
|
7.48
|
10,750
|
|
8: To re-elect Mr Charles
Jacobs
|
655,612,131
|
642,974,251
|
98.07
|
12,637,880
|
1.93
|
10,823
|
|
9: To re-elect Mr Alberto
Tiburcio
|
655,611,904
|
632,978,524
|
96.55
|
22,633,380
|
3.45
|
11,050
|
|
103,016,713
|
80,383,333
|
78.03
|
22,633,380
|
21.97
|
11,050
|
|
10: To re-elect Dame Judith
Macgregor
|
655,611,176
|
651,388,890
|
99.36
|
4,222,286
|
0.64
|
11,778
|
|
103,015,985
|
98,793,699
|
95.90
|
4,222,286
|
4.10
|
11,778
|
|
11: To re-elect Ms Georgina
Kessel
|
655,612,705
|
651,384,990
|
99.36
|
4,227,715
|
0.64
|
10,249
|
|
103,017,514
|
98,789,799
|
95.90
|
4,227,715
|
4.10
|
10,249
|
|
12: To re-elect Ms Guadalupe De la
Vega
|
655,612,704
|
652,149,946
|
99.47
|
3,462,758
|
0.53
|
10,250
|
|
103,017,513
|
99,554,755
|
96.64
|
3,462,758
|
3.36
|
10,250
|
|
13: To re-elect Mr Hector
Rangel
|
655,612,007
|
651,354,343
|
99.35
|
4,257,664
|
0.65
|
10,947
|
|
103,016,816
|
98,759,152
|
95.87
|
4,257,664
|
4.13
|
10,947
|
|
14: To elect Ms Luz Adriana
Ramírez
|
655,611,767
|
655,584,498
|
100.00
|
27,269
|
0.00
|
11,187
|
|
103,016,576
|
102,989,307
|
99.97
|
27,269
|
0.03
|
11,187
|
|
15: To elect Ms Rosa
Vázquez
|
655,612,725
|
655,585,214
|
100.00
|
27,511
|
0.00
|
10,229
|
|
103,017,534
|
102,990,023
|
99.97
|
27,511
|
0.03
|
10,229
|
|
16: To re-appoint the
auditors
|
655,613,292
|
648,936,591
|
98.98
|
6,676,701
|
1.02
|
10,157
|
|
17: To authorise the audit committee
to determine the auditors' remuneration
|
655,611,915
|
652,565,533
|
99.54
|
3,046,382
|
0.46
|
11,534
|
|
18: To give authority to Directors
allot shares
|
655,611,720
|
655,033,626
|
99.91
|
578,094
|
0.09
|
11,729
|
|
19: To disapply pre-emption
rights
|
655,611,235
|
651,725,175
|
99.41
|
3,886,060
|
0.59
|
12,214
|
|
20: To disapply pre-emption rights
in in connection with an acquisition or other capital
investment
|
655,611,237
|
651,942,205
|
99.44
|
3,669,032
|
0.56
|
11,717
|
|
21: To authorise purchase of own
shares
|
655,614,270
|
649,624,945
|
99.09
|
5,989,325
|
0.91
|
9,179
|
|
22: Notice of general
meetings
|
655,613,994
|
654,392,796
|
99.81
|
1,221,198
|
0.19
|
9,455
|
(*) = 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
The Board is pleased with the
support from shareholders for the majority of the resolutions but
notes that resolution 9 (re-election of Alberto Tiburcio) was
passed by 96.55% of the total votes cast, and by 78.03% of votes
cast by independent shareholders. As noted in the Annual Report,
the Board considers it to be in the best interests of the Company
that Mr Tiburcio serves as a Director and considers him to be
independent in character and judgement. The Board notes the level
of dissent on this resolution among some shareholders and given the
importance of the views of all the Company's shareholders to the
Board, it will engage with those independent shareholders to
understand the reasons for their votes against it. An update will
be published on that engagement within six months.
ENDS
For further information, please
visit our website www.fresnilloplc.com
or contact:
|
FRESNILLO PLC
London Office
Gabriela Mayor, IRO
Mark Mochalski
|
Tel: +44 (0)20 7399 2470
|
|
Mexico City Office
Ana Belem Zárate
Investor Relations
|
Tel: +52 55 52 79 3206
|
|
POWERSCOURT
Peter Ogden
Public Relations
|
Tel: +44 (0)7793 858 211
|
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 eight
operating mines, all of them
in Mexico - Fresnillo, Saucito, Juanicipio,
Ciénega, Herradura, Soledad-Dipolos1, Noche
Buena and San Julián (Veins and Disseminated Ore Body) and
four advanced exploration projects - Orisyvo,
Rodeo, Guanajuato 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'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