Result of AGM

RNS Number : 9185E

JPMorgan American IT PLC

11 May 2017

 

STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN AMERICAN INVESTMENT TRUST PLC

ANNUAL GENERAL MEETING

Legal Entity Identifier: 549300QNAI4XRPEB4G65

Information disclosed in accordance with LR 9.6.18

The Board is pleased to announce that all of the resolutions put to shareholders at today's Annual General Meeting were passed, including the following items of Special Business which:

i)          allow the Directors of the Company to exercise all powers of the Company to allot shares in the Company up to an aggregate nominal amount of £1,218,649, representing approximately 10% of the Company's issued ordinary share capital as at the date of the passing of the resolution;

ii)         allow the disapplication of pre-emption rights on the allotment of new ordinary shares up to an aggregate nominal amount of £1,218,649, and

iii)        allow the Company to make market purchases of up to 36,535,108 ordinary shares, representing 14.99% of the Company's issued share capital.

The Chairman, Sarah Bates, stood down from the role at the conclusion of the Meeting and was succeeded as Chairman by Dr Kevin Carter. Sarah Bates was re-appointed by shareholders at the Annual General Meeting and will remain on the Board until July 2017, to assist with the smooth handover of the Chair.   

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM  and on the Company's website, www.jpmamerican.co.uk   

A summary of proxy votes received will shortly be available on the Company's website, www.jpmamerican.co.uk   

11th May 2017

For further information, please contact:

Alison Vincent

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

 

END

 

 

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