AGM Results 2018

RNS Number : 6217I

JPEL Private Equity Limited

27 November 2018

 

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

www.jpelonline.com

JPEL ANNOUNCES RESULTS OF AGM

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GUERNSEY, 27 NOVEMBER 2018

JPEL Private Equity Limited (the "Company") announces that at the Annual General Meeting ("AGM") of the Company held on 26 November 2018, all resolutions put to shareholders at the AGM were duly passed.

SUMMARY OF RESOLUTIONS PROPOSED AT AGM

SUMMARY OF RESOLUTIONS TO BE PROPOSED

The following summarises all of the resolutions the Company sought approval for at the AGM.

Special Resolutions

1.          To renew the Company's authority to make purchases of up to 15 per cent. of each class of its own issued Shares pursuant to any proposed Tender Offer.

2.          To renew the Company's general authority to make market purchases of up to 14.99 per cent. of each class of its own issued Shares.

Ordinary Resolutions

3.          To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2018.

4.          To re-elect PricewaterhouseCoopers CI LLP as Auditors to the Company.

5.          To re-authorise the Directors to determine the Auditors' remuneration.

6.          To re-authorise and agree the remuneration of the Directors in accordance with the Articles of Incorporation.

7.          To re-elect Christopher P. Spencer as a non-executive, independent director of the Company, who retires by rotation.

8.          To re-elect John Loudon as a non-executive, independent director of the Company, who retires by rotation.

9.          To re-elect Anthony (Tony) Dalwood as a non-executive, independent director of the Company, who retires by rotation.

10.        To re-elect Sean Hurst as a non-executive, independent director of the Company, who retires by rotation.

Below, please find a summary of all votes received for JPEL's AGM:

Resolution   In Favor        %          Items     Discretion      %         Items    Against        %         Items        Withheld     Items    

         1           80,554,583       100         18                     0          0              0               0            0              0                     0            0

         2           80,545,921    99.99         17                     0          0              0        8,662        0.01             1                     0            0

         3           80,554,583       100         18                     0          0              0               0            0              0                     0            0

         4           80,545,921    99.99         17                     0          0              0        8,662        0.01             1                     0            0

         5           80,554,583       100         18                     0          0              0               0            0              0                     0            0

         6           80,545,921    99.99         17                     0          0              0        8,662        0.01             1                     0            0

         7           80,554,583       100         18                     0          0              0               0            0              0                     0            0

         8           80,554,583       100         18                     0          0              0               0            0              0                     0            0

         9           80,554,583       100         18                     0          0              0               0            0              0                     0            0

       10           80,554,583       100         18                     0          0              0               0            0              0                     0            0

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About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market.  The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.  

ENQUIRIES:

FCF JPEL Management LLC

[e-mail]

 

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