10 Sep 2019 15:01
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN BRAZIL INVESTMENT TRUST PLC
RESULTS OF ANNUAL GENERAL MEETING
Legal Entity Identifier: 5493002T5BE3YCTKTE20
Information disclosed in accordance with DTR 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 resolutions put to shareholders were passed, including the following items of special business which:
i) allow the Company to allot new Ordinary shares up to an aggregate nominal amount of £33,524 representing approximately 10% of the Company's issued Ordinary share capital;
ii) allow the Company to disapply pre-emption rights on allotment of relevant securities; and,
iii) allow the Company to make market purchases of up to 14.99% of the Company's current issued share capital
iv) allow the Company to continue in existence as an investment trust for a further three year period.
The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts 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.jpmbrazil.co.uk.
A summary of proxy votes received for both the Annual General Meeting will be available on the Company's website, www.jpmbrazil.co.uk shortly.
Whilst shareholders have voted in favour of Resolution 12 that the Company continues in existence as an investment trust for a further three year period, the Board has noted the votes against that resolution, which equated to 28.78% of the total shares voted by proxy. The Board, has been in dialogue with major shareholders and will continue to engage with all shareholders. As previously outlined in the Chairman's Statement of the Annual Report, the Board will voluntarily propose another continuation vote no later than the next AGM planned in September 2020.
10th September 2019
For further information, please contact:
Divya Amin
For and on behalf of
JPMorgan Funds Limited
020 7742 4000