Result of AGM

RNS Number : 6857G

JPMorgan Smaller Cos IT PLC

23 November 2015

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC

RESULTS OF ANNUAL GENERAL MEETING

23RD NOVEMBER 2015

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)          increased the maximum aggregate fees payable to Directors to £200,000 per annum.;

ii)         will allow the Company to allot new shares up to an aggregate nominal amount of £214,665, representing approximately 5% of the Company's issued ordinary share capital; and,

iii)        will allow the Company to disapply pre-emption rights on allotment of new shares; and,

iv)        will allow the Company to make market purchases of up to 2,574,265 ordinary shares, representing 14.99% of the Company's issued share capital.

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.jpmsmallercompanies.co.uk 

A Summary of proxy votes received will be available on the Company's website, www.jpmsmallercompanies.co.uk shortly. The Board has noted the votes against Resolution 11 to reappoint Deloitte LLP as Auditor to the Company. It would like to reiterate that the audit partner has rotated this year, as stated in the Audit Committee section of the Directors' Report, however the Audit Committee intends to review its plans to undertake a tender process for the statutory audit of the Company in light of the shareholders views. 

23rd November 2015

For further information, please contact:

Divya Amin

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000 

 

END

 

 

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