Result of AGM

RNS Number : 5542U

J.P. Morgan Private Equity Ltd

30 July 2015

 

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 ANNOUNCES RESULTS OF AGM

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GUERNSEY, 30 JULY 2015

J.P. Morgan Private Equity Limited (the "Company") announces that at the Annual General Meeting ("AGM") of the Company held on 29 July 2015, the following special and ordinary resolutions put to shareholders were duly passed

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SUMMARY OF RESOLUTIONS PASSED AT JPEL'S AGM

SUMMARY OF RESOLUTIONS  

The following summarises all of the resolutions that were approved at the Annual General Meeting.  

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.

3.       To renew the disapplication of the pre-emption rights for up to 10 per cent. of each class of its own issued Shares as set out in the Articles of Incorporation.

Ordinary Resolutions

4.       To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2014.

5.       To re-elect Gregory S. Getschow as a non-executive Director of the Company, who retires by rotation.

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

7.       To elect Anthony (Tony) Dalwood as a non-executive Director of the Company, who was appointed on 20 February 2015 and retires by rotation.

8.       To re-elect PricewaterhouseCoopers CI LLC as Auditors to the Company.

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

10.     To re-authorise the Directors to determine their remuneration in accordance with the Articles of Incorporation.

11.     To approve an increase to the cap on the aggregate base remuneration payable to the Directors as a whole to £250,000 per annum.

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

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow 

[phone]

[e-mail] 

Rosemary DeRise / Samantha Ladd

[phone]  / [phone] 

[e-mail] / [e-mail]

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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, JPZZ, JPSZ).   The Company's capital structure consists of three classes of shares: US$ Equity Shares and two classes of Zero Dividend Preference Shares due 2015 and 2017, respectively.  

 

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