AGM Statement

RNS Number : 7523W

JPMorgan Overseas IT PLC

11 November 2014

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN OVERSEAS INVESTMENT TRUST PLC ("the Company")

APPOINTMENT OF NEW DIRECTOR AND

RESULTS OF ANNUAL GENERAL MEETING

Following the Annual General Meeting of the Company, which was held earlier today the Board is pleased to announce the appointment of Tristan Hillgarth as an independent non-executive Director of the Company with immediate effect.

Mr Hillgarth has over 30 years of experience in the asset management industry having been a director of Jupiter Asset Management for eight years and before that he was at Invesco where he held several senior positions over 14 years including CEO of Invesco's UK and European business. He is currently also a non-executive director of Euromoney Institutional Investor plc.

There is no further information to be disclosed under UKLA's Listing Rule 9.6.13 R (2) to (6).

The Company also announces that all of the Ordinary Resolutions put to shareholders at the Company's AGM today were passed. 

In addition, two Special Resolutions were passed which:

i.    will allow the Company to disapply pre-emption rights on the allotment of new Ordinary shares or by way of sale of Treasury shares up to an aggregate nominal amount of £577,511, representing 10% of the Company's total Ordinary share capital; and,   

ii.   will allow the Company to make market purchases of up to 3,462,761 Ordinary shares and 664,369 Subscription shares, each representing 14.99% of the Company's issued share capital.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmoverseas.co.uk  

A Summary of proxy votes received will shortly be available on the Company's website, www.jpmoverseas.co.uk.

11th November 2014

For further information, please contact:

Divya Amin

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

 

END

 

 

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