Last checked at 9 May 2018 07:00
LONDON STOCK EXCHANGE ANNOUNCEMENT
NOTICE OF MEETING
JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC
(the 'Company')
9 May 2018
Legal Entity Identifier: 549300MDD7SOXDMBN667
At the Company's 2018 Annual General Meeting, Shareholders passed Resolution 11 which related to the allotment of the new Ordinary Shares. However, Resolution 12, which related to the disapplication of pre-emption rights on the allotment and issue (or sale from treasury) of Ordinary Shares proposed by Resolution 11, was withdrawn at the meeting following Shareholder feedback which indicated insufficient support to pass the resolution based on proxy votes received.
The Board remains of the view that it is in the best interests of the Company and the Shareholders, to have the flexibility to be able to issue Ordinary Shares on a non pre-emptive basis. However, in recognition of the Shareholder feedback that led to Resolution 12 being withdrawn at the 2018 AGM, the Board is proposing to reduce the pre-emption authority that is being sought to 10 per cent.
The Board has therefore decided to convene a General Meeting to propose a resolution to authorise the Company to disapply pre-emption rights in relation to the allotment and issue of shares. The Company has today published a Circular. The Circular sets out a notice convening a General Meeting of the Company to be held at 60 Victoria Embankment, London EC4Y 0JP at 11.00 a.m. on 1 June 2018 at which approval will be sought from shareholders to authorise the Company to disapply pre-emption rights in relation to the allotment and issue of 5,687,692 Ordinary Shares for cash (including by way of a sale from treasury) up to a nominal amount of £142,192, such amount being equivalent to 10 per cent. of the present issued share capital of the Company.
Expected Timetable
Latest time and date for receipt of Voting Instruction Forms from Plan Participants
| 11.00 a.m. on 25 May 2018 |
Latest time and date for receipt of Forms of Proxy from Shareholders
| 11.00 a.m. on 30 May 2018 |
General Meeting to approve the Resolution | 11.00 a.m. on 1 June 2018
|
A copy of the Circular will shortly be made available on the Company's website at www.jpmussmallercompanies.co.uk and submitted to the National Storage Mechanism, where it will be available for inspection at www.morningstar.co.uk/uk/NSM
For further information, please contact:
Lucy Dina
For and on behalf of
JPMorgan Funds Limited, Secretary
020 7742 4000