AGM Statement

RNS Number : 3673U

JPMorgan Japanese Inv. Trust PLC

20 December 2011

 



STOCK EXCHANGE ANNOUNCEMENT

RESULT OF AGM

JPMORGAN JAPANESE INVESTMENT TRUST PLC

20 DECEMBER 2011

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all of the Ordinary Resolutions put to shareholders were passed.  In addition, the following four items of Special Business were passed which:

i)          allow the Company to allot new Ordinary shares up to an aggregate nominal amount of £2,016,475 representing approximately 5% of the Company's issued Ordinary share capital;

ii)         allow the Company to disapply pre-emption rights on allotment of relevant securities; and

iii)        allow the Company to make market purchases of up to 24,181,579 Ordinary shares, representing 14.99% of the Company's issued share capital;

iv)        allow the Company to increase the maximum aggregate Directors' fees payable from £125,000 to £175,000 per annum with immediate effect.

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.hemscott.com/nsm.do and from the Company's website, www.jpmjapanese.co.uk. 

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

20th December 2011

For further information, please contact:

Chris Cordrey

For and on behalf of

JPMorgan Asset Management (UK) Limited - Company Secretary

020 7742 6000 

 

END

 

 

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