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RNS Number : 7510Z

JPMorgan Elect PLC

26 January 2022

JPMORGAN ELECT PLC

ANNUAL GENERAL MEETING 26 JANUARY 2022

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, t he

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 3,067,561 Managed Growth Shares, 8,353,120 Managed Income Shares and 763,786 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, the Board notes the votes against the resolution to re-appoint Mr. James Robinson (Audit Committee Chair), which equated to 24.81% of the total votes received by proxy and 1.8% of the total issued share capital of the Company. Mr. Robinson has served as a director for almost 10 years and the succession plan for the Audit Committee is well advanced. The Board, through the remit of the Chair and JPMorgan, will continue to engage with the shareholders to understand any concerns they may have and provide an update on this matter in due course.

For further information:

 
 JPMorgan Funds Limited 
 
  Priyanka Vijay Anand, 
  Company Secretary          020 7742 4000

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END

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January 26, 2022 11:07 ET (16:07 GMT)

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