REG - JPMorgan Emerg. EMEA - Withdrawal of Two AGM Resolutions

JPMorgan Emerging Europe Middle East & Africa SecuritiesAnnouncement

06/03/2025 12:30

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RNS Number : 6821Z  JPMorgan Emerging EMEA Securities  06 March 2025

 

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

 

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('the
Company' or 'JEMA')

 

Legal Entity Identifier: 549300II3MHI98ZLVH37

 

Withdrawal of Two AGM Resolutions

 

The Board of JPMorgan Emerging Europe, Middle East & Africa Securities plc
(JEMA), announces that it has decided to withdraw Resolutions 9. and 10. from
the Agenda of the Company's Annual General Meeting ("AGM"), to be held at 60
Victoria Embankment, London EC4Y 0JP on 7(th) March 2025 at 2.00p.m.

 

Resolution 9. and Resolution 10. proposed to authorise the Company's Directors
to allot new shares and disapply preemption rights respectively. The Board
proposed these two resolutions as they considered that the authorities would
have provided flexibility that were in the interests of the Company. Both
resolutions have historically been included in the Company's AGM and approved
with significant votes in favour, although the authorities provided to the
Directors have never been previously exercised. However, some shareholders
have expressed concerns about Resolutions 9. and 10.  proposed at the
Company's 7(th) March 2025 AGM. Although the Board have reiterated to the
shareholders expressing concern that there are no plans to allot new shares,
given the concerns of some shareholders which were also reflected in the
figures for the provisional proxy votes received ahead of the AGM, the Board
have decided to withdraw Resolutions 9. and 10. from the Company's 7(th) March
2025 AGM.

 

The above decision does not affect the other resolutions proposed in the
Notice of the 7(th) March 2025 AGM and the meeting will proceed as previously
notified.

 

 

6th March 2025

 

For further information:

 

Paul Winship, Neil Martin, JPMorgan Funds Limited             0800
20 40 20

Hugh Jonathan, Deutsche Numis
          020 7260 1000

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