Result of AGM

RNS Number : 2580Z
Jupiter Fund Management PLC
16 May 2019
 

Jupiter Fund Management plc (the "Company")

 

16 May 2019

Results of the Annual General Meeting

The Board announces that at the Annual General Meeting ("AGM") of the Company held yesterday, 15 May 2019, at The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ, all the resolutions set out in the Notice of Meeting were passed by the requisite majorities.

The results of the AGM resolutions, all decided by way of poll, are set out below.

Resolutions

For

% of total votes cast

Against

% of total votes against

Total votes

Votes withheld*

1.To receive the report of the Directors and the Accounts of the Company for the year ended 31 December 2018

396,982,964

99.62

1,494,949

0.38

398,477,913

738,186

2.To approve the Annual Remuneration Report for the year ended 31 December 2018

373,481,309

96.31

14,310,667

3.69

387,791,976

11,424,123

3.To elect Andrew Formica as a Director

398,008,303

99.82

734,507

0.18

398,742,810

473,289

4.To re-elect Liz Airey as a Director

383,245,634

98.83

4,535,140

1.17

387,780,774

11,435,325

5.To re-elect Jonathon Bond as a Director

386,792,683

99.75

980,061

0.25

387,772,744

11,443,355

6.To re-elect Edward Bonham Carter as a Director

397,522,806

99.69

1,220,004

0.31

398,742,810

473,289

7.To re-elect Charlotte Jones as a Director

397,297,551

99.64

1,440,860

0.36

398,738,411

477,688

8.To re-elect Bridget Macaskill as a Director

381,542,966

98.39

6,231,025

1.61

387,773,991

11,442,108

9.To re-elect Karl Sternberg as a Director

297,425,338

74.70

100,713,747

25.30

398,139,085

1,077,014

10.To re-elect Polly Williams as a Director

397,438,805

99.68

1,283,977

0.32

398,722,782

493,317

11.To re-elect Roger Yates as a Director

397,741,474

99.75

980,061

0.25

398,721,535

494,564

12.To re-appoint PricewaterhouseCoopers LLP as the Company's auditors

390,252,623

98.00

7,947,830

2.00

398,200,453

1,015,646

13.To authorise the Audit and Risk Committee to set the remuneration of the auditor

395,136,864

99.10

3,605,252

0.90

398,742,116

473,983

14.To authorise the Directors to allot shares in the Company

299,671,235

75.16

99,056,485

24.84

398,727,720

488,379

15.To authorise political donations and political expenditure

398,289,823

99.89

443,950

0.11

398,733,773

479,926

16.To authorise the Directors to disapply pre-emption rights

316,258,735

79.32

82,476,598

20.68

398,735,333

480,766

17.To authorise the Company to purchase its own shares

396,972,253

99.62

1,499,421

0.38

398,471,674

744,425

18. To approve general meetings (other than annual general meetings) of the Company being called on 14 clear days' notice

391,552,451

98.20

7,188,366

1.80

398,740,817

475,282

 

*Please note that 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution, or in the 'votes cast as a percentage of issued share capital'.

The Board has considered the results of the AGM today and notes the level of votes cast against certain resolutions, by a small number of shareholders. The resolutions detailed below received under 80% approval:

·     Resolution 9; the re-election of Karl Sternberg;

·     Resolution 14; the authority to allot shares; and

·     Resolution 16; disapplication of pre-emption rights. 

We have engaged with our major shareholders ahead of the vote and understand their views on these matters and the differing philosophies they apply.  Following the outcome of today's vote, we will contact shareholders to discuss these matters again and will keep best practice in these areas under review.   In accordance with the provisions of the 2018 UK Corporate Governance Code, we shall provide an update on this engagement process over the coming months.  

The issued share capital of the Company comprises 457,699,916 shares. Resolutions 16, 17 and 18 were passed as special resolutions.

The Company has today sent copies of the resolutions passed at the AGM concerning items other than ordinary business to the National Storage Mechanism and they are available for inspection at: http://www.morningstar.co.uk/uk/NSM.

Details of proxy votes lodged will be available shortly on the Company's website at https://www.jupiteram.com/corporate/Investor-Relations/Shareholder-information/AGM-information

For further information please contact:

 

                                                  Investors                                         Media

Jupiter                                       Lisa Daniels                                      Kate O'Neill

                                                 +44 (0)20 3817 1664                         +44 (0)20 3817 1196

   

Powerscourt                              Victoria Palmer Moore

                                                          +44 (0)20 7324 0493

 


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