24 Feb 2022 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
Legal Entity Identifier: 213800RLXLM87NO26S30
24 February 2022
JUPITER EMERGING & FRONTIER INCOME TRUST PLC
(the "Company")
Update on General Meeting
The Company announced on 11 February 2022 that, following a shareholder consultation, it had published a circular to shareholders detailing proposals (the "Proposals") to amend the terms of the Company's Redemption Facility, and to introduce a regular vote on the continuation of the Company (the "Circular"). This contained a notice convening a general meeting of the Company (the "General Meeting") to be held on 10 March 2022 and the Company now announces its intention to adjourn the General Meeting indefinitely.
The Company has received further feedback from its shareholders since the Company's earlier announcement and the Board, based on that information, now considers that the support for the Proposals is not sufficiently broad to allow the Board to recommend that they be implemented. Resolution 1, which would be proposed at the General Meeting as a special resolution, would, if passed, adopt amended Articles of Association to implement the proposed changes to the Redemption Facility and the introduction of the continuation vote.
As a result, the Board is reviewing further options and does not consider it appropriate to make a recommendation on Resolution 2, regarding the continuation of the Company, until this process has been completed. A further update will be provided ahead of the Company's AGM to be held on 28th March 2022.
The Board has therefore decided not to proceed with the business of the General Meeting. It is intended that the General Meeting will be opened and immediately adjourned indefinitely. Accordingly, Shareholders are requested not to seek to attend the General Meeting.
Terms used and not defined in this announcement have the meanings given to them in the Circular.
Enquiries:
Magnus Spence
Jupiter Asset Management Limited, Company Secretary
020 3817 1000
investmentcompanies@jupiteram.com
Peel Hunt (Broker)
Liz Yong / Luke Simpson
020 7418 8900