AGM Circular

RNS Number : 0318H

J.P. Morgan Private Equity Ltd

13 June 2013

 

J.P. Morgan Private Equity Limited

PO Box 60, Carinthia House, 9-12 The Grange, St Peter Port, Guernsey GY1 4BF

www.jpelonline.com

JPEL PUBLISHES AGM CIRCULAR

*              *              *

GUERNSEY, 13 JUNE 2013

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") has today published a circular to Shareholders.

The circular contains a notice of AGM to be held at 2:30 p.m. (London time) on 9 July 2013 at Carinthia House, 9-12 The Grange, St. Peter Port, Guernsey GY1 4BF.

SUMMARY OF RESOLUTIONS TO BE PROPOSED

The following summarises all of the resolutions the Company is seeking approval for at the Annual General Meeting.  All special and ordinary resolutions represent renewals from previous Annual General Meetings and will be proposed to all Shareholders as a whole.  

Special Resolutions

1.          To renew the Company's authority to make purchases of up to 15 per cent. of each class of its own issued shares pursuant to any proposed Tender Offer.

2.          To renew the Company's general authority to make market purchases of up to 14.99 per cent. of each class of its own issued Shares.

3.          To renew the disapplication of the pre-emption rights for up to 10 per cent. of each class of its own issued Shares as set out in the Articles of Incorporation.

Ordinary Resolutions

4.          To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2012.

5.          To re-elect Gregory S. Getschow as a non-executive Director of the Company, who retires by rotation.

6.          To re-elect Christopher Paul Spencer as a non-executive Director of the Company, who retires by rotation.

7.          To re-elect Trevor Charles Ash as a non-executive Director of the Company, who retires by rotation.

8.          To re-elect PricewaterhouseCoopers CI LLC as Auditors to the Company.

9.          To re-authorise the Directors to determine the Auditors' remuneration.

10.        To re-authorise and agree the remuneration of the Directors in accordance with the Articles of Incorporation.

Further details on each of the Resolutions are set out in the Company's Circular.  

Copies of the following documents are available for inspection at the offices of Herbert Smith Freehills LLP, Exchange House, Primrose Street, London EC2A 2EG and at the registered office of the Company (which is also the place of the AGM) during normal business hours of any business day (Saturdays and public holidays excepted) until the conclusion of the Annual General Meeting:

•            the Annual Report and financial statements for the year ended 30 June 2012; and

•            the AGM Circular

A copy of the AGM Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do

A full copy of the circular and annual report and accounts are available on JPEL's website (through http://www.jpelonline.com/investor-information/shareholder_documents/2013.aspx)

Further copies of this document may be obtained, free of charge, from the registered office of the Company and from:

J.P. Morgan Asset Management

20 Finsbury Street

London

EC2Y 9AQ

United Kingdom    

J.P. Morgan Asset Management

270 Park Avenue

New York, NY 10017

USA

Copies of the circular and proxy form will be mailed to shareholders.

        http://www.rns-pdf.londonstockexchange.com/rns/0318H_-2013-6-13.pdf

 

About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPZZ, JPSZ) designed primarily to invest in the global private equity market.  The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.  On 17 August 2009, JPEL issued warrants free of subscription cost to shareholders on record.  The warrants are publicly traded on the London Stock Exchange under the symbol "JPWW."

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow  

[phone]

[e-mail]  

Rosemary DeRise / Samantha Ladd

[phone]  / [phone]  

[e-mail] / [e-mail]

 

END

 

 

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