Result of AGM
Summary by AI BETAClose X
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN GLOBAL CORE REAL ASSETS LIMITED
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
Legal Entity Identifier: 549300D8JHZTH6GI8F97
Following the Annual General Meeting of the Company, which was held today, the Board announces that all of the Ordinary Resolutions put to shareholders were voted on by way of a poll and passed.
The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements for the year ended 28th February 2025, which is available for viewing at the National Storage Mechanism, located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website, www.jpmrealassets.co.uk
A summary of the poll results will shortly be available on the Company's website, www.jpmrealassets.co.uk.
The Board was disappointed that 18.48% of the votes cast opposed the resolution relating to the re-appointment of PricewaterhouseCoopers CI LLP ('PwC') as auditor to the Company, having held this position since 2020. As the Company is now in a managed wind-down, the Board believes that it would not be in the best interests of shareholders for the Company to undertake an audit tender. The Board envisages that it will continue to use the services of PwC until such time as the Company is placed into liquidation, which is unlikely to be before the end of 2026. The Board highlights that it has agreed with PwC that its audit fee will reduce as the Company's assets are realised.
Having reduced its size and costs, the Board is of the view that its current composition, with three Directors, is well qualified and has the relevant experience to oversee the managed wind-down of the Company. In the absence of unforeseen circumstances, the Directors do not envisage any changes to the Board and remain focussed on delivering the return of capital to shareholders in a timely and cost-effective manner.
28th August 2025
For further information, please contact:
Emma Lamb
For and on behalf of
JPMorgan Funds Limited - Company Secretary
Telephone: 0800 20 40 20 (or +44 1268 44 44 70)
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