Result of AGM

RNS Number : 1492L

Jupiter Fund Management PLC

11 May 2022

 

11 May 2022

Jupiter Fund Management plc (the "Company")

Results of the Annual General Meeting

The Board announces that at the Annual General Meeting ("AGM") of the Company held today, 11 May 2022, at The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ, all of the resolutions set out in the Notice of Meeting   were passed by the requisite majorities.

The results of the AGM resolutions, all decided by way of poll, are set out below.

Resolutions	For	% of total votes for	Against	% of total votes against	Total votes	Votes withheld*
1. To receive the report of the Directors and the Accounts of the Company for the year ended 31 December 2021	450,798,236	100.00	1,886	0.00	450,800,122	319,733
2. To approve the Annual Remuneration Report for the year ended 31 December 2021	430,689,519	95.48	20,370,155	4.52	451,059,674	60,101
3. To approve a final dividend of 9.2 pence for the year ended 31 December 2021	450,969,463	99.98	105,002	0.02	451,074,465	45,390
4. To elect David Cruikshank as a Director	448,701,466	99.48	2,336,153	0.52	451,037,619	82,156
5. To elect Dale Murray as a Director	346,759,202	76.88	104,278,417	23.12	451,037,619	82,156
6. To elect Suzy Neubert as a Director	449,200,084	99.59	1,830,336	0.41	451,030,420	89,355
7. To re-elect Andrew Formica as a Director	438,267,430	97.16	12,797,387	2.84	451,064,817	54,958
8. To re-elect Wayne Mepham as a Director	441,034,053	97.78	10,001,672	2.22	451,035,725	84,050
9. To re-elect Chris Parkin as a Director	441,301,834	97.84	9,726,585	2.16	451,028,419	91,356
10. To re-elect Nichola Pease as a Director	434,554,354	96.35	16,481,478	3.65	451,035,832	83,943
11. To re-elect Karl Sternberg as a Director	429,143,100	95.17	21,769,828	4.83	450,912,928	206,847
12. To re-elect Roger Yates as a Director	334,433,242	74.15	116,595,177	25.85	451,028,419	91,356
13. To re-appoint PricewaterhouseCoopers LLP as the Company's auditors	446,262,566	98.94	4,800,321	1.06	451,062,887	56,968
14. To authorise the Audit and Risk Committee to set the remuneration of the auditor	448,017,140	99.32	3,060,161	0.68	451,077,301	42,554
15. To authorise the Directors to allot shares in the Company	347,237,481	77.01	103,669,776	22.99	450,907,257	212,518
16. To authorise political donations and political expenditure	447,156,042	99.13	3,940,447	0.87	451,096,489	23,286
17. To authorise the Directors to disapply pre-emption rights	445,013,129	98.70	5,883,732	1.30	450,896,861	222,914
18. To authorise the Company to purchase its own shares	347,420,477	77.04	103,564,325	22.96	450,984,802	134,973
19. To approve general meetings (other than annual general meetings) of the Company being called on 14 clear days' notice	443,196,666	98.25	7,874,673	1.75	451,071,339	48,436

 *Please note that 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution, or in the 'votes cast as a percentage of issued share capital'.

The Board has considered the results of the AGM today and notes the level of votes cast against Resolutions 5, 12, 15 and 18 which were all primarily driven by one major shareholder.

Resolutions 5 and 12 relate to the election of Dale Murray and the re-election of Roger Yates as Directors. Our major shareholder has more stringent requirements than the prevailing proxy advisor guidelines, in relation to the number of external mandates held by individual directors. The Company is satisfied that these Directors have sufficient time to dedicate to Jupiter's business and that they have continued to demonstrate their valuable contribution and commitment.

Resolution 14 authorises the Directors to allot shares up to a value of approximately one third of the issued share capital and Resolution 18 authorises the Directors to purchase its own shares up to a value of approximately 10% of the issued share capital. It is standard market practice for UK-listed companies to retain these types of authority and the amounts sought are within the UK Investment Association's share capital management guidelines.

Following the outcome of today's vote, we will continue our engagement with shareholders and provide the required updates in-line with the requirements of the UK Governance Code.

The issued share capital of the Company comprises 553,060,741 shares and votes cast as a percentage of the issued share capital amounted to 81.5%. Resolutions 17, 18 and 19 were passed as special resolutions.

The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business to the FCA's National Storage Mechanism and they are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The results of the AGM will be available shortly on the Company's website at   https://www.jupiteram.com/investor-relations/

For further information please contact:

                                             Investors       Media

Jupiter                                   Lisa Daniels                                                  Despina Constantinides

                                              [phone]                                    [phone]

Powerscourt                           Justin Griffiths

                                                       [phone]

Jupiter Fund Management plc

LEI Number: 5493003DJ1G01IMQ7S28

 

END

 

 

RAGABMJTMTJBBPT