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JPMorgan Elect PLC (JPE)

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Friday 12 January, 2018

JPMorgan Elect PLC

Result of AGM

RNS Number : 7954B
JPMorgan Elect PLC
12 January 2018
 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN ELECT PLC

 

RESULTS OF ANNUAL GENERAL MEETING 2018 AND CLASS MEETING OF MANAGED INCOME SHRAREHOLDERS

 

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all the ordinary business put to shareholders was passed.  The following special business was also passed which:

 

i)          will allow the Company to allot relevant securities in the Company (within the meaning of Section 551 of the Companies Act 2006) up to 3,291,045 Managed Growth Shares, 7,344,995 Managed Income Shares and 497,055 Managed Cash Shares;

 

ii)         will allow the Company to disapply pre-emption rights in respect of the allotment of new ordinary shares in the Company subject to certain specified conditions;

 

iii)        will allow the Company to make market purchases of its issued Managed Growth shares, Managed Income shares and Managed Cash shares up to a maximum number of which is equal to 14.99% of the issued share capital of the relevant share (excluding treasury shares);

 

iv)        will enable the Company to make off-market purchases of its own securities; and

 

v)         will update the Investment Policy of the Managed Income portfolio to enable the Manager to introduce gearing.

 

Following the Class Meeting of Managed Income Shareholders of the Company, which was also held today, the Board is pleased to announce that the following special business was passed which:

 

i)          will update the Investment Policy of the Managed Income portfolio to enable the Manager to introduce gearing.

 

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements 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.jpmelect.co.uk. 

 

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

 

12 January 2018

 

For further information, please contact:

 

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000


This information is provided by RNS
The company news service from the London Stock Exchange
 
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