Fresnillo plc
21 Upper
Brook Street
London W1K
7PY
United
Kingdom
www.fresnilloplc.com
20
November 2024
2024
Annual General Meeting Voting Outcome Update
In accordance with Provision 4 of
the UK Corporate Governance Code, the Company hereby provides an
update on the actions taken in response to the level of votes cast
against one of the resolutions (resolution 9) proposed at the
Company's Annual General Meeting held on 21 May 2024. In
particular, resolution 9, sought to approve the re-election of
Alberto Tiburcio, an Independent Non-Executive Director of the
Company.
As announced on 21 May 2024,
resolution 9 was passed by 96.55% of the total votes cast, and by
78.03% of votes cast by independent shareholders. Whilst the Board
was pleased to note that a clear majority of independent
shareholders were supportive of Mr Tiburcio's re-election, it has
sought to engage with the limited number of independent
shareholders who voted against resolution 9 to understand the
reasons for their votes.
From the discussions to date, the
Board understands that those shareholders who voted against the
re-election of Mr Tiburcio did so for a small number of reasons
rather than having one substantive concern. These reasons include
queries regarding (i) whether Mr Tiburcio, due to his commitments
on other Boards, has the capacity to devote sufficient time to effectively
discharge his duties for the Company, as well as (ii) Mr Tiburcio
acting as Chairman of two Board Committees (Audit and
Remuneration). This will be addressed when preparing the Company's
Annual Report and Accounts for 2024 and the Company notes that Mr
Tiburcio has not missed a single Board or Board Committee meeting
since his designation as a Director.
Mr Tiburcio is a committed and
hardworking Director whose contributions to the Board as an
Independent Director and to the Audit and Remuneration Committees
as Chairman of both have been very valuable and greatly appreciated
by his Board colleagues and the senior Executive Team.
In that regard, the Company notes that the
proposal to re-elect Mr Tiburcio as an Independent Non-Executive
Director of the Company at the 2024 Annual General Meeting, as well
as his designation by the Board as Chairman of the Audit and
Remuneration Committees, received unanimous Board
support.
For further information, please
visit our website www.fresnilloplc.com
or contact:
|
FRESNILLO
PLC
London Office
Gabriela Mayor, Head of Investor
Relations
Mark Mochalski
|
Tel: +44 (0)20 7399 2470
|
|
Mexico City Office
Ana Belem Zárate
|
Tel: +52 55 52 79 3206
|
|
SODALI
Peter Ogden
|
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.
