RESULTS OF 2020 ANNUAL GENERAL MEETING

RNS Announcement

RNS Number : 5275N

Antofagasta PLC

20 May 2020

NEWS RELEASE, 20 MAY 2020

ANTOFAGASTA PLC

RESULTS OF 2020 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 16 March 2020.

The results of the polls are:

Resolution		Votes For		Votes Against		Votes Cast as % of Issued Share Capital		Votes withheld

(1)	Adopt the 2019 Annual Report and Financial Statements	1,080,950,220		39,037		91.16%		1,610,731
(1)	Adopt the 2019 Annual Report and Financial Statements	100.00%		0.00%

(2)	Approve the 2019 Remuneration Report	1,066,559,474		14,695,976		91.18%		1,344,538
(2)	Approve the 2019 Remuneration Report	98.64%		1.36%

(3)	Approve the 2020 Remuneration Policy	1,062,750,494		19,832,684		91.29%		16,811
(3)	Approve the 2020 Remuneration Policy	98.17%		1.83%

(4)	Declare a final dividend *	1,082,442,188		153,427		91.29%		4,374
(4)	Declare a final dividend *	99.99%		0.01%

(5)	Re-elect Jean-Paul Luksic as a Director	1,059,082,774		23,398,539		91.28%		118,675
(5)	Re-elect Jean-Paul Luksic as a Director	97.84%		2.16%

(6)	Re-elect Ollie Oliveira as a Director	1,077,011,217		5,569,659		91.29%		19,113
		99.49%		0.51%
		246,359,087	**	5,569,659	**	71.96%	**	19,113	**
		97.79%	**	2.21%	**

(7)	Re-elect Ramón Jara as a Director	1,076,256,406		6,324,469		91.29%		19,113
(7)	Re-elect Ramón Jara as a Director	99.42%		0.58%

(8)	Re-elect Juan Claro as a Director	1,074,643,972		7,932,203		91.29%		23,813
(8)	Re-elect Juan Claro as a Director	99.27%		0.73%

(9)	Re-elect Andrónico Luksic as a Director	1,070,668,495		11,914,559		91.29%		16,934
(9)	Re-elect Andrónico Luksic as a Director	98.90%		1.10%

(10)	Re-elect Vivianne Blanlot as a Director	1,080,160,460		1,090,679		91.18%		1,348,850
		99.90%		0.10%
		249,508,330	**	1,090,679	**	71.58%	**	1,348,850	**
		99.56%	**	0.44%	**

(11)	Re-elect Jorge Bande as a Director	1,078,464,828		4,115,348		91.29%		19,813
		99.62%		0.38%
		247,812,698	**	4,115,348	**	71.96%	**	19,813	**
		98.37%	**	1.63%	**

(12)	Re-elect Francisca Castro as a Director	1,072,215,916		10,360,009		91.29%		24,063
		99.04%		0.96%
		241,563,786	**	10,360,009	**	71.96%	**	24,063	**
		95.89%	**	4.11%	**

(13)	Re-elect Michael Anglin as a Director	1,078,510,287		4,069,839		91.29%		19,863
		99.62%		0.38%
		247,858,157	**	4,069,839	**	71.96%	**	19,863	**
		98.38%	**	1.62%	**

(14)	Elect Tony Jensen as a Director	1,079,434,384		3,147,358		91.29%		18,247
		99.71%		0.29%
		248,782,254	**	3,147,358	**	71.96%	**	18,247	**
		98.75%	**	1.25%	**

(15)	Re-appoint PricewaterhouseCoopers LLP as auditors	1,082,575,790		20,585		91.29%		3,614
(15)	Re-appoint PricewaterhouseCoopers LLP as auditors	100.00%		0.00%

(16)	Authorise the Audit and Risk Committee to fix the auditor's remuneration	1,082,587,606		9,344		91.29%		3,039
(16)		100.00%		0.00%

(17)	Grant Directors authority to allot securities	1,063,929,549		18,750,873		91.30%		9,097
(17)	Grant Directors authority to allot securities	98.27%		1.73%

(18)	Grant Directors authority to allot securities for cash other than on a pro rata basis to shareholders	1,082,504,483		83,024		91.29%		12,482
(18)		99.99%		0.01%

(19)	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	1,081,135,325		1,454,951		91.29%		9,712
(19)		99.87%		0.13%

(20)	Authorise purchase of own shares	1,070,679,384		10,978,182		91.21%		942,422
(20)	Authorise purchase of own shares	98.99%		1.01%

(21)	Permit general meetings to be called on not less than 14 days' clear notice	1,065,953,798		16,638,206		91.29%		7,985
(21)		98.46%		1.54%

* As announced on 18 May 2020, the Board reduced its recommendation in respect of the 2019 Final Dividend to 7.1 cents per ordinary share (down from 23.4 cents per ordinary share). It was this reduced amount that was approved by shareholders.

** Result of the votes cast by shareholders excluding the controlling shareholders.

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.

These results will be published within "news" in the "media" section of the website of Antofagasta plc, 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.

Investors - London		Media - London
Andrew Lindsay	[email protected]	Carole Cable	[email protected]
Telephone	+44 20 7808 0988	Telephone	+44 20 7404 5959
Andres Vergara	[email protected]	Will Medvei	[email protected]
Telephone	+44 20 7808 0988	Telephone	+44 20 7404 5959

		Media - Santiago
		Pablo Orozco	[email protected]
		Paola Raffo	[email protected]
		Telephone	+56 2 2798 7000

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END

RAGSEWFLSESSEII

RNS metadata

Title: RESULTS OF 2020 ANNUAL GENERAL MEETING
Time: 16:12:52
Date: 20 May 2020
Category: AGMs and other meetings
ID: 5275N