Notice of EGM

RNS Number : 1446O

J.P. Morgan Private Equity Ltd

05 February 2016

 

J.P. Morgan Private Equity Limited

PO Box 60

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

JPEL PUBLISHES EGM CIRCULAR

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GUERNSEY, 5 FEBRUARY 2016

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") has today published a circular to Shareholders.

The circular contains a notice of an Extraordinary General Meeting ("EGM") to be held at 2:00 p.m. (London time) on 25 February 2016 at Carinthia House, 9-12 The Grange, St. Peter Port, Guernsey GY1 4BF.

SUMMARY OF RESOLUTIONS TO BE PROPOSED

On 8 December 2015, the Company announced that J.P. Morgan Asset Management and affiliates of Fortress Investment Group LLC ("FIG") had entered into definitive agreements regarding the transfer of the investment management team responsible for JPEL to FIG.  Pursuant to that announcement, JPEL will hold an EGM to facilitate the change of the Company's name upon satisfactory completion of the announced transaction.  

The following summarises all of the resolutions the Company is seeking approval for at the EGM.  All special resolutions will be proposed to all Shareholders.  

Special Resolutions

1.          To change the name of the Company to JPEL Private Equity Limited, conditional upon the satisfaction of certain conditions agreed between J.P. Morgan Asset Management and affiliates of Fortress Investment Group LLC relating to the transfer of the investment management team responsible for the management of the Company from J.P. Morgan Asset Management to FIG.

2.          To adopt new Articles of Incorporation of the Company, conditional upon the approval of the first resolution and effective on the change of name of the Company pursuant thereto.

Further details on each of the resolutions are set out in the Company's circular.  

Copies of the following documents are available for inspection at the offices of Akin Gump LLP, 41 Lothbury, London EC2R 7HF and at the registered office of the Company (which is also the place of the EGM) during normal business hours of any business day (Saturdays and public holidays excepted) until the conclusion of the Extraordinary General Meeting:

·            the current Articles of Incorporation;

·            a draft of the proposed new Articles of Incorporation;  

·            the Annual Report and financial statements for the year ended 30 June 2015; and

·            this document.

A copy of the EGM circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do

A full copy of the circular and annual report and accounts are available on JPEL's website (through the "Investor Information" and "Reports" and "Shareholder Documents" links through http://www.jpelonline.com or http://www.jpelonline.co.uk).  

Further copies of this document may be obtained, free of charge, from the registered office of the

Company and from:

J.P. Morgan Asset Management

60 Victoria Embankment

London, EC4Y 0JP

United Kingdom

J.P. Morgan Asset Management

320 Park Avenue

New York, NY 10022

USA

Copies of the circular and proxy form will be mailed to shareholders.

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPSZ).   The Company's capital structure consists of two classes of shares: US$ Equity Shares and Zero Dividend Preference Shares due 2017.  

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow  

[phone]

[e-mail]  

Samantha Ladd

[phone]  

[e-mail]

 

END

 

 

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