AGM Statement

RNS Number : 4583M

JPMorgan US Smaller Co. IT

27 April 2018

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

AGM STATEMENT

JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC

27th APRIL 2018

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 items of Special Business were also passed which:

i)          allow the Company to allot shares up to an aggregate nominal amount of £284,854 representing approximately 20% of the Company's issued share capital; and

ii)         allow the Company to make market purchases of up to 8,525,851 ordinary shares, representing 14.99% of the Company's issued share capital.

Resolution 12, which related to the disapplication of pre-emption rights on allotment of new ordinary shares proposed by resolution 11, was withdrawn at the meeting following shareholder feedback which indicated insufficient support based on proxy votes received.  The Board has considered feedback on this resolution and will make a further announcement in due course regarding its intentions.

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.jpmussmallercompanies.co.uk 

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

27th April 2018

For further information, please contact:

Lucy Dina

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000

 

END

 

 

AGMSESFIWFASELL