Result of AGM

RNS Number : 3094N

JPMorgan Asian Investment Tst PLC

29 January 2016

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ASIAN INVESTMENT TRUST PLC

ANNUAL GENERAL MEETING 2016

RESULTS OF ANNUAL GENERAL MEETING

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all the ordinary business put to shareholders was passed.  The following special business was also passed which:

i)          will allow the Company to continue in existence as an investment trust for a period expiring at the conclusion of the Company's annual general meeting to be held in 2017;

ii)         will allow the Company to allot new shares up to an aggregate nominal amount of £1,188,087 representing 5% of the Company's issued Ordinary share capital;

iii)        will allow the disapplication of pre-emption rights on the allotment of new Ordinary shares;

iv)        will allow the Company to make market purchases of up to 14,247,544 Ordinary shares representing 14.99% of the Company's issued share capital; and

v)         increase the maximum aggregate Directors' fees payable per annum under the Company's Articles of Association from £150,000 to £200,000.

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 from the Company's website, www.jpmasian.co.uk. 

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

29th January 2016

For further information, please contact:

Alison Vincent

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000

 

END

 

 

RAGUWOARNKAAUAR