AGM Circular

RNS Number : 1665J

J.P. Morgan Private Equity Ltd

11 July 2013

 

J.P. Morgan Private Equity Limited 

PO Box 60, Carinthia House, 9-12 The Grange, St Peter Port, Guernsey GY1 4BF

www.jpelonline.com

JPEL PUBLISHES AGM CIRCULAR

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GUERNSEY, 11 JULY 2013

J.P. Morgan Private Equity Limited (the "Company") announces that at the Annual General Meeting ("AGM") of the Company held on 9 July 2013, the following special and ordinary resolutions put to shareholders were duly passed:

Special Resolutions

1.          To renew the Company's authority to make purchases of up to 15 per cent. of each class of its own issued shares pursuant to any proposed Tender Offer.

2.          To renew the Company's general authority to make market purchases of up to 14.99 per cent. of each class of its own issued Shares.

Ordinary Resolutions

4.          To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2012.

5.          To re-elect Gregory S. Getschow as a non-executive Director of the Company, who retires by rotation.

6.          To re-elect Christopher Paul Spencer as a non-executive Director of the Company, who retires by rotation.

7.          To re-elect Trevor Charles Ash as a non-executive Director of the Company, who retires by rotation.

8.          To re-elect PricewaterhouseCoopers CI LLC as Auditors to the Company.

9.          To re-authorise the Directors to determine the Auditors' remuneration.

10.        To re-authorise and agree the remuneration of the Directors in accordance with the Articles of Incorporation.

The following special resolution put to shareholders received 63.8% of votes in favour of the resolution, below the required 75%, and therefore was not passed :

3.          To renew the disapplication of the pre-emption rights for up to 10 per cent. of each class of its own issued Shares as set out in the Articles of Incorporation.

A copy of the special resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at:  www.Hemscott.com/nsm.do.

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPZZ, JPSZ) designed primarily to invest in the global private equity market.  The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.  On 17 August 2009, JPEL issued warrants free of subscription cost to shareholders on record.  The warrants are publicly traded on the London Stock Exchange under the symbol "JPWW."

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow  

[phone]

[e-mail]  

Rosemary DeRise / Samantha Ladd

[phone]  / [phone]  

[e-mail] / [e-mail]

 

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