JPEC.L Regulatory News (JPEC)

JPMORGAN ELECT PLC

ANNUAL GENERAL MEETING 20 JANUARY 2021

RESULT OF POLL AT ANNUAL GENERAL MEETING ("AGM")

Legal Entity Identifier: 549300FIUYKKL39ILD07

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, the following special business was also voted on by poll and passed which:

i.) allows the Company to allot relevant securities in the Company (within the meaning of Section 551 of the Companies Act 2006) up to 3,828,944 Managed Growth Shares, 9,749,680 Managed Income Shares and 594,676 Managed Cash Shares;

ii) allows 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) allows 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 class;

iv) enables the Company to make off-market purchases of its own securities;

v) allows the Company to adopt its new articles of association;

vi) approves the Company's dividend policy.

The full text of the resolutions can be found in the notice of meeting contained in the Annual Report and Financial Statements 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.jpmelect.co.uk

The results of the polls on all resolutions will shortly be available on the Company's website, www.jpmelect.co.uk

Further, at the Annual General Meeting held today Mr. Alan Hodson retired as the Chairman and as a Director of the Company. Mr. Steve Bates has replaced Mr. Hodson as Chairman of the Company. The Board would like to express its gratitude to Mr. Hodson for his leadership and for the valuable contribution he has made to the Company over the period of his term.

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