Result of AGM

RNS Number : 4229T

JPMorgan Japan Smaller Co Tst PLC

17 July 2015

 

JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC

(the "Company")

RESULTS OF THE 2015 ANNUAL GENERAL MEETING

17 July 2015

Following the Annual General Meeting of the Company, which was held on Friday 17 July 2015, the Board is pleased to announce that all of the Ordinary Resolutions put to shareholders were passed.  The following Special Business was also passed which:

i.)       allows the Company to allot new shares up to an aggregate nominal amount of £472,497 representing 10% of the Company's issued share capital;

ii.)      allows the disapplication of pre-emption rights on the allotment of new Ordinary shares;

iii.)     allows the Company to make market purchases of up to 7,021,346 Ordinary shares and 1,303,359 Subscriptions shares, representing 14.99% of the Company's issued share capital (less shares held in Treasury) of the relevant share class;

iv.)     increases the maximum aggregate fees payable to Directors to £200,000 per annum. 

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 National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmjapansmallercompanies.co.uk

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

As previously announced, after twelve years of service to the Company, Bernard Grigsby retired as a Director of the Company following the conclusion of today's Annual General Meeting. Ben has been an outstanding independent director and has bought his very considerable experience of Japan and the region to bear for the benefit of all shareholders.

For further information:

Richard Plaskett              020 7742 3422

Client Director

[e-mail]

Rhys Williams                  020 7742 5073

Company Secretary

[e-mail]

 

END

 

 

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