Hochschild Mining PLC Board Appointment and Changes to Directors' Roles (7769Z)
December 19 2017 - 4:04AM
UK Regulatory
TIDMHOC
RNS Number : 7769Z
Hochschild Mining PLC
19 December 2017
__________________________________________________________________________________
19 December 2017
Board Appointment and Changes to Directors' Roles &
Committee Composition
Hochschild Mining plc (the "Company") announces that Dionisio
Romero Paoletti, Chairman & CEO of the banking group Credicorp,
will join the Company's Board as a Non-Executive Director from 1
January 2018.
Mr Romero has been appointed as a nominee of the Company's
majority shareholder Pelham Investment Corporation ("Pelham"),
which is controlled by Eduardo Hochschild, pursuant to the rights
granted to Pelham under the Relationship Agreement.
Changes to Directors' Roles & Committee Composition
The Company also confirms that with effect from 1 January
2018:
a) Michael Rawlinson will assume the roles of Senior Independent
Director and Chairman of the Remuneration Committee to succeed
Enrico Bombieri following his retirement from the Board;
b) Eileen Kamerick will become a member of the Remuneration Committee; and
c) Graham Birch, Eileen Kamerick, Michael Rawlinson and Dionisio
Romero will join the Nominations Committee.
Eduardo Hochschild, Chairman said:
"I am delighted to be able to welcome Dionisio to the Hochschild
Board. He brings vast business experience from diverse industries
throughout Latin America and I look forward to his participation. I
am also pleased to be able to confirm Michael Rawlinson's
appointment to the role of Senior Independent Director following
Enrico Bombieri's decision to retire from the Board at the end of
the year."
From 1 January 2018, the Board will comprise eight directors of
whom five will be independent Non-Executive Directors.
__________________________________________________________________________________
Notes
Dionisio Romero (Jnr) is Chairman & CEO of Credicorp and its
subsidiary, Banco de Crédito del Peru ("BCP"), Peru's largest bank.
Mr. Romero has served as a board member of BCP since 2003 and was
appointed Vice Chairman in 2008 and Chairman in 2009.
Mr Romero is also the Chairman of a number of Credicorp group
companies, namely Banco de Crédito de Bolivia, El Pacifico-Peruano
Suiza Cia. de Seguros y Reaseguros S.A., El Pacifico Vida Cia. de
Seguros y Reaseguros S.A. In addition, Mr Romero is Chairman of
Alicorp S.A.A. and a Director of a number of companies including
the following publicly listed companies: Inversiones Centenario
(where he serves as Vice-Chairman), Cementos Pacasmayo S.A.A and
Sierra Metals Inc.
Mr. Romero is an economics graduate of Brown University and has
an MBA from Stanford University.
Other than as set out above and Mr Romero's former directorship
of Banco de Credito e Inversiones (Chile), there are no matters to
be disclosed under Listing Rule 9.6.13R.
__________________________________________________________________________________
Enquiries:
Hochschild Mining plc
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack +44 (0)207 796 4133
Public Relations
__________________________________________________________________________________
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 four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
__________________________________________________________________________________
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.
Note
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (Regulation (EU) No.596/2014). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
LEI: 549300JK10TVQ3CCJQ89
- ends -
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