Result of AGM

RNS Number : 7516L

JPMorgan European Smaller Co.

08 July 2014

 

STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

ANNUAL GENERAL MEETING 2014

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 of the ordinary resolutions put to shareholders were passed.  In addition, four items of special business were passed which:

i)     allow the Directors of the Company to exercise all powers of the Company to allot shares in the Company up to an aggregate nominal amount of £400,369 representing approximately 5% of the Company's issued ordinary share capital as at the date of the passing of the resolution;

ii)    allow the disapplication of pre-emption rights on the allotment of new ordinary shares;

iii)   allow the Company to make market purchases of up to 14.99% of the Company's issued ordinary share capital as at the date of the passing of the resolution; and

iv)   allow the sub-division of each of the ordinary shares of 25 pence each in the capital of the Company into five (5) ordinary shares of 5 pence each ('New Ordinary Shares') having attached thereto rights specified in the Articles of Association of the Company, such sub-division to take effect from the date the New Ordinary Shares are admitted to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange. (see note 1 below)

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.jpmeuropeansmallercompanies.co.uk 

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

Note 1:  It is expected that: (i) dealings in the existing ordinary shares will cease as at close of business on 22nd July 2014, the record date for the sub-division, and that admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange will take place and dealings will commence in the New Ordinary Shares, on 23rd July 2014; (ii) where Existing Ordinary Shares are held in certificated form, existing share certificates will cease to be valid from 22nd July 2014. Certificates in respect of the New Ordinary Shares will be posted, at the risk of shareholders, by 30th July 2014 (these will replace existing certificates which should be destroyed); and (iii) shareholders who hold their existing ordinary shares in uncertificated form will have their CREST accounts credited with the relevant entitlements to New Ordinary Shares on 23rd July 2014. The New Ordinary Shares have been allocated new stock identification codes as follows: SEDOL Code BMTSOZ3; and ISIN Code: GBOOBMTSOZ37.

8^th July 2014

For further information, please contact:

Rebecca Burtonwood

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000

 

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