Hochschild Mining PLC Directorate Change (6942W)
December 14 2023 - 2:00AM
UK Regulatory
TIDMHOC
RNS Number : 6942W
Hochschild Mining PLC
14 December 2023
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14 December 2023
Hochschild Announces Changes in Board Composition
Hochschild Mining PLC (the "Company" or "Hochschild") (LSE: HOC)
(OTCQX: HCHDF) today announces that following the successful
transition of the Company's executive leadership, Ignacio
Bustamante will be stepping down from the Board on 31 December
2023. Furthermore, in line with good governance, on that date he
will be replaced, as the nominee of the Company's largest
shareholder Pelham Investment Corporation ("Pelham"), by current
Non-Executive Director, Jorge Born Jnr.
Under the Relationship Agreement entered into between the
Company and Pelham (which is controlled by Eduardo Hochschild),
Pelham is entitled, among other things, to nominate two
Non-Executive Directors on the Company's Board for as long as it
holds at least 30% of the Company's ordinary shares.
Following the changes referred to above, the Board will comprise
3 non-independent Directors and 5 independent Directors.
Eduardo Hochschild, Board Chair, said:
"The Board and I want to thank Ignacio for enabling a smooth
transition to our new leadership team led by Eduardo Landin. We
wish Ignacio well in his future endeavours.
I am delighted that Jorge Born will continue to serve on the
Board as a Non-Independent Non-Executive Director. His experience
and knowledge of Latin America, and of Argentina and Brazil in
particular, will be invaluable for our future growth strategy".
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Enquiries:
Hochschild Mining PLC
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack +44 (0)20 7796 4133
Public Relations
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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 owns
the Mara Rosa Advanced Project in Brazil as well as numerous
long-term projects throughout the Americas.
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Forward looking statements
This announcement may contain forward looking statements. By
their nature, forward looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that will or may occur in the future. Actual results,
performance or achievements of Hochschild Mining PLC may, for
various reasons, be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements.
The forward looking statements reflect knowledge and information
available at the date of preparation of this announcement. Except
as required by the Listing Rules and applicable law, the Board of
Hochschild Mining PLC does not undertake any obligation to update
or change any forward looking statements to reflect events
occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit forecast.
LEI: 549300JK10TVQ3CCJQ89
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