Last checked at 16 May 2019 09:40
Jupiter Fund Management plc (the "Company")
16 May 2019
Results of the Annual General Meeting
The Board announces that at the Annual General Meeting ("AGM") of the Company held yesterday, 15 May 2019, at The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ, all the resolutions set out in the Notice of Meeting were passed by the requisite majorities.
The results of the AGM resolutions, all decided by way of poll, are set out below.
Resolutions | For | % of total votes cast | Against | % of total votes against | Total votes | Votes withheld* |
1.To receive the report of the Directors and the Accounts of the Company for the year ended 31 December 2018 | 396,982,964 | 99.62 | 1,494,949 | 0.38 | 398,477,913 | 738,186 |
2.To approve the Annual Remuneration Report for the year ended 31 December 2018 | 373,481,309 | 96.31 | 14,310,667 | 3.69 | 387,791,976 | 11,424,123 |
3.To elect Andrew Formica as a Director | 398,008,303 | 99.82 | 734,507 | 0.18 | 398,742,810 | 473,289 |
4.To re-elect Liz Airey as a Director | 383,245,634 | 98.83 | 4,535,140 | 1.17 | 387,780,774 | 11,435,325 |
5.To re-elect Jonathon Bond as a Director | 386,792,683 | 99.75 | 980,061 | 0.25 | 387,772,744 | 11,443,355 |
6.To re-elect Edward Bonham Carter as a Director | 397,522,806 | 99.69 | 1,220,004 | 0.31 | 398,742,810 | 473,289 |
7.To re-elect Charlotte Jones as a Director | 397,297,551 | 99.64 | 1,440,860 | 0.36 | 398,738,411 | 477,688 |
8.To re-elect Bridget Macaskill as a Director | 381,542,966 | 98.39 | 6,231,025 | 1.61 | 387,773,991 | 11,442,108 |
9.To re-elect Karl Sternberg as a Director | 297,425,338 | 74.70 | 100,713,747 | 25.30 | 398,139,085 | 1,077,014 |
10.To re-elect Polly Williams as a Director | 397,438,805 | 99.68 | 1,283,977 | 0.32 | 398,722,782 | 493,317 |
11.To re-elect Roger Yates as a Director | 397,741,474 | 99.75 | 980,061 | 0.25 | 398,721,535 | 494,564 |
12.To re-appoint PricewaterhouseCoopers LLP as the Company's auditors | 390,252,623 | 98.00 | 7,947,830 | 2.00 | 398,200,453 | 1,015,646 |
13.To authorise the Audit and Risk Committee to set the remuneration of the auditor | 395,136,864 | 99.10 | 3,605,252 | 0.90 | 398,742,116 | 473,983 |
14.To authorise the Directors to allot shares in the Company | 299,671,235 | 75.16 | 99,056,485 | 24.84 | 398,727,720 | 488,379 |
15.To authorise political donations and political expenditure | 398,289,823 | 99.89 | 443,950 | 0.11 | 398,733,773 | 479,926 |
16.To authorise the Directors to disapply pre-emption rights | 316,258,735 | 79.32 | 82,476,598 | 20.68 | 398,735,333 | 480,766 |
17.To authorise the Company to purchase its own shares | 396,972,253 | 99.62 | 1,499,421 | 0.38 | 398,471,674 | 744,425 |
18. To approve general meetings (other than annual general meetings) of the Company being called on 14 clear days' notice | 391,552,451 | 98.20 | 7,188,366 | 1.80 | 398,740,817 | 475,282 |
*Please note that 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution, or in the 'votes cast as a percentage of issued share capital'.
The Board has considered the results of the AGM today and notes the level of votes cast against certain resolutions, by a small number of shareholders. The resolutions detailed below received under 80% approval:
· Resolution 9; the re-election of Karl Sternberg;
· Resolution 14; the authority to allot shares; and
· Resolution 16; disapplication of pre-emption rights.
We have engaged with our major shareholders ahead of the vote and understand their views on these matters and the differing philosophies they apply. Following the outcome of today's vote, we will contact shareholders to discuss these matters again and will keep best practice in these areas under review. In accordance with the provisions of the 2018 UK Corporate Governance Code, we shall provide an update on this engagement process over the coming months.
The issued share capital of the Company comprises 457,699,916 shares. Resolutions 16, 17 and 18 were passed as special resolutions.
The Company has today sent copies of the resolutions passed at the AGM concerning items other than ordinary business to the National Storage Mechanism and they are available for inspection at: http://www.morningstar.co.uk/uk/NSM.
Details of proxy votes lodged will be available shortly on the Company's website at https://www.jupiteram.com/corporate/Investor-Relations/Shareholder-information/AGM-information
For further information please contact:
Investors Media
Jupiter Lisa Daniels Kate O'Neill
+44 (0)20 3817 1664 +44 (0)20 3817 1196
Powerscourt Victoria Palmer Moore
+44 (0)20 7324 0493