Jpel Priv Eqty Regulatory News (JPEL)

JPEL Private Equity Limited

Fourth Floor

Plaza House

Admiral Park, St Peter Port

Guernsey, GY1 4BF

www.jpelonline.com

JPEL ANNOUNCES RESULTS OF AGM

AND BOARD SUCCESSION

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GUERNSEY, 2 DECEMBER 2025

JPEL Private Equity Limited (the "Company") announces that at the Annual General Meeting ("AGM") of the Company held on 2 December 2025, all resolutions put to shareholders at the AGM were duly passed.

SUMMARY OF RESOLUTIONS PROPOSED AT AGM

Special Resolutions

1. To renew the Company's authority to make purchases of up to 15 per cent. of its own issued US$ Equity Shares pursuant to any proposed Tender Offer.

2. To renew the Company's general authority to make market purchases of up to 14.99 per cent. of the US$ Equity Shares.

Ordinary Resolutions

3. To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2025.

4. To re-elect PricewaterhouseCoopers CI LLP as Auditors to the Company.

5. To re-authorise the Directors to determine the Auditors' remuneration.

6. To re-authorise and agree the remuneration of the Directors in accordance with the Articles of Incorporation.

7. To re-elect Trina Le Noury as a non-executive, independent director of the Company.

8. To re-elect Anthony (Tony) Dalwood as a non-executive, independent director of the Company.

Below, please find a summary of all votes received for JPEL's AGM: 

NB: Percentage of Votes cast excludes Withheld votes and resolution 9 (relating to the re-election of Sean Hurst) was withdrawn from the meeting. The Board acknowledges that there was a significant minority vote (being in excess of 20 per cent) against resolution 8, and will duly engage with shareholders in relation to this matter.

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 Board Succession

In light of two of the three Board directors having served for at least nine years a process is underway to refresh its configuration. In order to ensure an orderly Board succession plan, this process is anticipated to be completed within six months. The Board remains mindful of its fiduciary duties to all shareholders including its commitment to focus on minimising costs appropriately. 

As a first stage of this orderly transition, Sean Hurst had notified the Company of his intention to step-down from his position prior to the AGM with immediate effect. The Board and Manager would like to thank Sean for his valuable contribution during his time as Chair and wish him all the best in his future endeavours.

Tony Dalwood has been appointed Chair with immediate effect to oversee the succession plan. Trina Le Noury remains Chair of the Audit committee.

The appointment of additional Non-Executive Directors is progressed and, subject to completion of the relevant regulatory approvals, at least one new Director will join the Board shortly. A further update will be provided in due course.

About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

ENQUIRIES:

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