Result of AGM Hochschild Mining PLC (the Company ) announces the results detailed below of the poll taken at the Annual General Meeting (the AGM ) held earlier this afternoon at which all proposed resolutions were passed. The Board notes the level of votes against Resolution 2 (approval of the 2020 Directors Remuneration Report) and Resolution 11 (the re-election of Dionisio Romero Paoletti). The Directors appreciate the support received for the Remuneration Report in an extremely difficult year. The Company recognises that the partial restatement of annual bonus objectives during the year is not usual practice but was considered necessary by the Remuneration Committee (the Committee ). This was in light of the significant disruption suffered at the operations, primarily resulting from Covid-related suspensions which were mandated by governmental authorities.
Results The NAV total return ( NAVTR ) for the year of 25.9% was strong and included positive returns from each part of our portfolio. The Quoted Equity pool delivered an annual return of 30.3%, aided by the rebound in global equity markets. Investee companies within the Private Capital portfolio, with the exception of Buzz Bingo, adapted well to the challenges presented by Covid-19 to produce a total return of 23.2%. The Funds portfolio delivered an annual return of 34.8%, buoyed by good underlying fund performance. We have retained a strong, largely ungeared balance sheet with total liquidity of 249m available at 31 March 2021. Income and dividend
Which audits are affected?
ISA (UK) 701 (Revised November 2019) (Updated January 2020) applies to audits of listed entities, non-listed public interest entities, entities that are required, and those that choose voluntarily to report on how they have applied the UK Corporate Governance Code, where the auditor is required by law or regulation to communicate key audit matters in the auditor’s report, as well as where the auditor voluntarily chooses to do so.
Audit report implications
Previously, auditors were required to provide an explanation of how they had applied the concept of materiality in planning and performing an audit and they had to specify the overall materiality threshold used (ie materiality for the financial statements as a whole). These disclosures may have included the threshold for performance materiality though this was not a requirement.
Wed, 19th May 2021 19:33
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Young & Co s Brewery PLC - London-based pub operator - Confirms it has appointed Savills PLC over possible sale of Young s tenanted estate. The company confirms that Savills has been appointed and that it is in discussions regarding a possible sale. There can be no certainty, however, that any sale will proceed, company says.
Adnams PLC - pub and brewing firm based in Suffolk - Says current trading environment volatile amid UK hospitality restrictions. The sector faces many headwinds before it can say it is clear of the pandemic and its aftershocks although many commentators are beginning to discuss an expected quick rebound in the economy. It will however, come as no surprise that trading revenues in the first half of the year have continued to be severely restricted and the company has mitigated this