Jupiter Global Green Inv Trust PLC
27 April 2005
Jupiter Global Green Investment Trust PLC - Liquidation vote fails at EGM
Jupiter Global Green Investment Trust PLC (the 'Company') announces that at an
Extraordinary General Meeting ('EGM') of the Company held today at 3:30 pm the
Special Resolution and the Extraordinary Resolution required to place the
Company into members' voluntary liquidation were not passed. This result accords
with the Board's voting recommendation in the circular to shareholders published
on 4th April 2005.
The Special Resolution and the Extraordinary Resolution both required not less
than 75 per cent of the votes represented in person or by proxy at the meeting
to be cast in favour. On a poll 16,405,832 (65.44 per cent) of the votes were
cast in favour of the Special Resolution and 16,392,431 (66.09 per cent) of the
votes were cast in favour of the Extraordinary Resolution.
Of the 25,875,118 Ordinary shares and 22,574,861 Redeemable shares in issue,
11,954,719 Ordinary shares (46.20 per cent) and 14,522,112 Redeemable shares
(64.33 per cent) were represented in person or by proxy at the EGM.
The suspension of the Company's shares from listing will be lifted at 7:30 am on
28th April 2005 and the Company will continue in existence as an investment
The circular of 4th April 2005 indicated that in the event that the Company is
not liquidated, the Board would intend to use their discretion to redeem up to
75 per cent of the Redeemable shares on the first redemption date for such
shares in 2006 and to use their share repurchase powers to purchase Ordinary
shares and Redeemable shares in the market for cancellation. The Board will now
consider how to develop these proposals and whether any other actions are
necessary in the light of further analysis of shareholder wishes as revealed by
the voting at today's EGM.
Jupiter Asset Management Limited
020 7412 0703
020 7523 8350
This information is provided by RNS
The company news service from the London Stock Exchange