Last checked at 22 May 2019 07:00
22 May 2019
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Poll results of 2019 Annual General Meeting
JTC is pleased to announce the voting results of the Annual General Meeting of the Company's shareholders held on Tuesday, 21 May 2019 (the "AGM").
All resolutions as set out in the Notice of the AGM were passed with the requisite majority by means of a poll. Resolutions 1 to 12 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 13 and 14 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed).
1. Poll Results
The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:
Resolutions | FOR | AGAINST |
TOTAL VOTES CAST
| Votes withheld | ||
No. of votes | % | No. of votes | % | No. of votes | No. of votes | |
Resolution 1 To receive the annual accounts of the Company for the financial year ended 31 December 2018, together with the reports of the Directors and the Auditor. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 2 To approve the Directors' Remuneration Report. | 91,538,065 | 99.80 | 180,717 | 0.20 | 91,538,065 | 2,941,583 |
Resolution 3 To approve the Directors' Remuneration Policy.
| 90,970,146 | 99.80 | 180,717 | 0.20 | 90,970,146 | 3,509,502 |
Resolution 4 To approve a final dividend of 2 pence per Ordinary Share.
| 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 5 To re-appoint PricewaterhouseCoopers CI LLP as external auditor of the Company.
| 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 6 To authorise the Audit Committee to determine the remuneration of the external auditor. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 7 To re-elect Michael Liston as a Director. | 93,561,236 | 98.84 | 1,099,129 | 1.16 | 93,561,236 | 0 |
Resolution 8 To re-elect Nigel Le Quesne as a Director. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 9 To re-elect Dermot Mathias as a Director. | 93,561,236 | 98.84 | 1,099,129 | 1.16 | 93,561,236 | 0 |
Resolution 10 To re-elect Michael Gray as a Director. | 89,256,843 | 95.94 | 3,775,005 | 4.06 | 89,256,843 | 1,628,517 |
Resolution 11 To re-elect Martin Fotheringham as a Director. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 12 To authorise the Directors to allot Equity Securities (as defined in the Articles) and to grant rights to subscribe for or to convert any security into Equity Securities subject to certain limitations. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
Resolution 13* To dis-apply pre-emption rights - general power. | 89,555,485 | 94.61 | 5,104,880 | 5.39 | 89,555,485 | 0 |
Resolution 14* To authorise the Company to make market purchases of its own shares and to authorise the Company to hold any such purchased shares as treasury shares. | 94,660,365 | 100 | 0 | 0.00 | 94,660,365 | 0 |
* Special Resolutions requiring a 75% majority
2. Notes
A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
The total number of shares on the register at 6 pm on 17 May 2019, being those eligible to be voted on at the AGM, was 112,820,977.
In accordance with Listing Rule 9.6.2, copies of the Special Resolutions approved by shareholders will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly thereafter for inspection at www.morningstar.co.uk/uk/nsm
The results will also be made available on the Company's website: http://www.jtcgroup.com
3. Final Dividend
The timetable in relation to the final dividend is as follows:
Shares marked as ex-entitlement to dividend | Thursday, 30 May 2019 |
Record date for entitlement to dividend | 5pm on Friday, 31 May 2019 |
Payment of dividend | Friday, 21June 2019 |
For further information please contact:
Miranda Lansdowne
JTC (Jersey) Limited
Company Secretary
+44 1534 700 000
Miranda.Lansdowne@jtcgroup.com
About JTC
JTC is an award-winning provider of fund, corporate and private wealth services to institutional and private clients. The Company has a global presence, with over 700 staff operating in more than 18 different jurisdictions and assets under administration totalling c. US$ 110+ billion.
JTC remains fully committed to its shared ownership culture and philosophy, with management and staff continuing to hold over 20% of the equity in the firm, clearly aligning the interests of clients, employees and other stakeholders.
www.jtcgroup.com