JPMorgan Elect PLC Result of AGM (7954B)
January 12 2018 - 12:03PM
UK Regulatory
TIDMJPE TIDMJPEI TIDMJPEC
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
END
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