NEWS RELEASE, 8 MAY
2024
ANTOFAGASTA
PLC
RESULTS OF 2024 ANNUAL
GENERAL MEETING
At today's Annual General Meeting, a poll was
held on each of the resolutions proposed in the Notice of Meeting
dated 20 March 2024.
The results of the polls are:
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Annual General
Meeting
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Resolution
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Votes For
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Votes
Against
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Votes Cast as % of Issued
Share Capital
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Votes
withheld
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(1)
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Adopt the 2023 Annual Report and
Financial Statements
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1,103,041,956
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15,557
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93.02%
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3,327,442
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100.00%
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0.00%
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(2)
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Approve the 2023 Remuneration
Report
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1,067,417,624
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35,807,989
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93.03%
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3,159,341
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96.75%
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3.25%
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(3)
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Declare a final dividend
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1,106,354,096
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9,931
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93.30%
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20,928
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100.00%
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0.00%
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(4)
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Re-elect Jean-Paul Luksic as a
Director
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1,047,496,591
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58,866,350
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93.30%
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22,012
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94.68%
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5.32%
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(5)
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Re-elect Francisca Castro as a
Director
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1,096,711,961
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9,644,783
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93.30%
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28,211
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99.13%
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0.87%
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266,059,831
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*
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9,644,783
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*
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96.50%
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*
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3.50%
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*
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(6)
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Re-elect Ramón Jara as a
Director
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1,070,085,318
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36,271,056
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93.30%
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28,580
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96.72%
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3.28%
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(7)
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Re-elect Juan Claro as a
Director
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1,094,064,906
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12,290,969
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93.30%
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29,080
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98.89%
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1.11%
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(8)
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Re-elect Andrónico Luksic as a
Director
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1,004,362,388
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96,127,267
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92.80%
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5,895,298
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91.27%
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8.73%
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(9)
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Re-elect Vivianne Blanlot as a
Director
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1,103,550,603
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1,802,333
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93.21%
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1,032,019
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99.84%
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0.16%
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(10)
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Re-elect Michael Anglin as a
Director
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1,106,153,851
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201,477
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93.30%
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29,627
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99.98%
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0.02%
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275,501,721
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*
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201,477
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*
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99.93%
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*
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0.07%
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*
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(11)
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Re-elect Tony Jensen as a
Director
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1,106,147,905
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208,840
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93.30%
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28,210
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99.98%
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0.02%
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275,495,775
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*
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208,840
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*
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99.92%
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*
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0.08%
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*
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(12)
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Re-elect Eugenia Parot as a
Director
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1,106,172,470
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184,275
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93.30%
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28,210
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99.98%
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0.02%
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275,520,340
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*
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184,275
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*
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99.93%
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*
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0.07%
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*
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(13)
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Re-elect Heather Lawrence as a
Director
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1,106,173,913
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181,492
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93.30%
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29,550
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99.98%
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0.02%
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275,521,783
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*
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181,492
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*
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99.93%
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*
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0.07%
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*
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(14)
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Re-elect Tracey Kerr as a
Director
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1,105,966,634
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388,771
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93.30%
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29,550
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99.96%
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0.04%
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275,314,504
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*
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388,771
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*
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99.86%
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*
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0.14%
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*
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(15)
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Appoint Deloitte LLP as
auditors
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1,106,329,432
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33,494
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93.30%
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22,029
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100.00%
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0.00%
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(16)
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Authorise the Audit and Risk
Committee to fix the auditor's remuneration
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1,106,333,397
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29,736
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93.30%
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21,822
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100.00%
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0.00%
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(17)
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Grant Directors authority to allot
securities
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1,084,230,783
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22,018,492
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93.29%
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22,629
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98.01%
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1.99%
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(18)
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Grant Directors authority to allot
securities for cash other than on a pro rata basis to
shareholders
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1,074,403,411
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31,844,987
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93.29%
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23,506
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97.12%
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2.88%
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(19)
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Grant Directors authority to allot
securities for cash other than on a pro rata basis to shareholders
for the purposes of an acquisition or specified capital
investment
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1,068,239,124
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36,694,379
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93.18%
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1,455,001
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96.68%
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3.32%
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(20)
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Authorise purchase of own
shares
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1,097,971,231
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7,941,433
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93.26%
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472,291
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99.28%
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0.72%
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(21)
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Permit general meetings to be called
on not less than 14 days' clear notice
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1,086,995,014
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19,364,688
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93.30%
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21,227
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98.25%
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1.75%
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* Result of the votes cast by shareholders
excluding the controlling shareholders.
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Notes to the
poll results
1.
Any proxy votes that were at the discretion of the Chairman are
included in the total of "votes for" each resolution.
2.
Percentages of votes for and votes against each resolution are
included on the basis of votes cast and therefore exclude
abstentions.
3.
The Company had in issue 985,856,695 Ordinary Shares carrying one
vote each, and 2,000,000 5% Cumulative Preference Shares carrying
100 votes each. Accordingly, the total number of votes available
was 1,185,856,695 votes and the total number of votes available
excluding the controlling shareholders was 350,086,090 votes at the
Annual General Meeting.
4.
"Votes Cast as % of Issued Share Capital" represents the percentage
of votes cast as a percentage of all votes that could have been
cast on the resolution.
These results have been published on the
Company's website (www.antofagasta.co.uk).
In accordance with Listing Rule 9.6.2, copies
of resolutions 17, 18, 19, 20 and 21 passed at the Annual General
Meeting will be submitted to the National Storage Mechanism today
and will shortly be available for inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
Register on our website to receive
our email alerts at the following address:
https://www.antofagasta.co.uk/investors/news/email-alerts/
_____________________________________________________________________________________________
Cautionary
Statement
This announcement contains certain
forward-looking statements. All statements other than historical
facts are forward-looking statements. Examples of forward-looking
statements include, without limitation, those regarding the Group's
strategy, plans, objectives or future operating or financial
performance, reserve and resource estimates, commodity demand and
trends in commodity prices, growth opportunities, and any
assumptions underlying or relating to any of the foregoing. Words
such as "intend", "aim", "project", "anticipate", "estimate",
"plan", "believe", "expect", "may", "should", "will", "continue"
and similar expressions identify forward-looking
statements.
Forward-looking statements involve known and
unknown risks, uncertainties, assumptions and other factors that
are beyond the Group's control. Given these risks, uncertainties
and assumptions, actual results, performance or achievements could
differ materially from any future results, performance or
achievements expressed or implied by these forward-looking
statements, which apply only as at the date of this report. These
forward-looking statements are based on numerous assumptions
regarding the Group's present and future business strategies and
the environment in which the Group will operate in the future.
Important factors that could cause actual results, performance or
achievements to differ from those in the forward-looking statements
include, but are not limited to: natural events, global economic
and financial conditions (which may affect our business, results of
operations or financial condition); various political, economic,
legal, regulatory, social and other risks and uncertainties across
jurisdictions in which the Group operates; changes to mining
concessions or the imposition of new mining royalties, or changes
to existing mining royalties in the jurisdictions in which the
Group operates; the Group's ability to comply with the extensive
body of regulations governing the mining industry, as well as the
need to manage relationships with local communities; the ongoing
effects of the global COVID-19 pandemic; demand, supply and prices
for copper and other long-term commodity price assumptions (as they
materially affect the timing and feasibility of future projects and
developments); trends in the copper mining industry and conditions
of the international copper markets; the effect of currency
exchange rates on commodity prices and operating costs; the
availability and costs associated with mining inputs and labour;
operating or technical difficulties in connection with mining or
development activities; risks, hazards and/or events and conditions
inherent to the mining industry, which may affect our operations or
facilities; employee relations; climate change as well as the
effects of extreme weather conditions; the outcome of any
litigation arbitration, regulatory or administrative proceedings to
which the Group is and may be subject in the future; and actions
and activities of governmental authorities, including changes to
laws, regulations or taxation.
Except as required by applicable law, rule or
regulation, the Group does not undertake any obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Past
performance cannot be relied on as a guide to future
performance.
No statement in this announcement is intended
as a profit forecast or estimate for any period. No statement in
this announcement should be interpreted to indicate a particular
level of profit and, as a consequence, it should not be possible to
derive a profit figure for any future period from this
report.
