15 Jul 2020 16:35
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EUROPEAN INVESTMENT TRUST PLC
ANNUAL GENERAL MEETING 2020
RESULT OF POLL AT ANNUAL GENERAL MEETING
Legal Entity Identifier: 549300D8SPJFHBDGXS57
Information disclosed in accordance with LR 9.6.18
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 voted on by Poll and passed. In addition, five items of special business were voted on by Poll and 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 £594,253 representing approximately 10% of the Company's issued share capital of the Growth and Income share classes of the Company at the date of passing 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 11,131,547 Growth shares and 13,368,315 Income shares, representing 14.99% of the issued share capital of each class as at the date of the passing of this resolution;
iv) allow the Company to make off-market purchases; and
v) allow the Company to adopt new Articles of Association
The Board notes the following votes against resolutions of 20% or more received:
Resolution %
4. To reappoint Josephine Dixon as a Director of the Company 26.34
5. To reappoint Stephen Goldman as a Director of the Company 22.98
6. To reappoint Stephen Russell as a Director of the Company 23.56
7. To reappoint Jutta af Rosenborg as a Director of the Company 26.52
14. To adopt new Articles of Association 23.82
The Board through the Chair and the Manager will continue to consult with shareholders who cast these against votes, in order to understand the reasons for the result. An update on the views received from shareholders and actions taken by the Board in response will be announced within six months. A summary of the impact that the feedback has had on the decisions the Board has taken and any actions proposed will be included in the Company's 2021 Annual Report and Financial Statements.
The full text of all the resolutions can be found in the Company's Annual Report and Accounts which is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and from the Company's website, www.jpmeuropean.co.uk
A summary of proxy votes received and the poll results will shortly be available on the Company's website, www.jpmeuropean.co.uk
15th July 2020
For further information, please contact:
Paul Winship
For and on behalf of
JPMorgan Funds Limited, Secretary
020 7742 6000