REG - JPEL Private Equity - 2025 AGM Results Statement

JPEL Private EquityAnnouncement

02/12/2025 17:00

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RNS Number : 9471J  JPEL Private Equity Limited  02 December 2025

JPEL Private Equity Limited

Fourth Floor

Plaza House

Admiral Park, St Peter Port

Guernsey, GY1 4BF

www.jpelonline.com (http://www.jpelonline.com/)

 

 

JPEL ANNOUNCES RESULTS OF AGM

AND BOARD SUCCESSION

 

 

*              *              *

 

GUERNSEY, 2 DECEMBER 2025

 

JPEL Private Equity Limited (the "Company") announces that at the Annual
General Meeting ("AGM") of the Company held on 2 December 2025, all
resolutions put to shareholders at the AGM were duly passed.

 

SUMMARY OF RESOLUTIONS PROPOSED AT AGM

 

 

Special Resolutions

1.          To renew the Company's authority to make purchases of up
to 15 per cent. of its own issued US$ Equity Shares pursuant to any proposed
Tender Offer.

2.          To renew the Company's general authority to make market
purchases of up to 14.99 per cent. of the US$ Equity Shares.

 

Ordinary Resolutions

3.          To approve and adopt the Annual Report and Financial
Statements of the Company for the year ended 30 June 2025.

4.          To re-elect PricewaterhouseCoopers CI LLP as Auditors to
the Company.

5.          To re-authorise the Directors to determine the Auditors'
remuneration.

6.          To re-authorise and agree the remuneration of the
Directors in accordance with the Articles of Incorporation.

7.          To re-elect Trina Le Noury as a non-executive,
independent director of the Company.

8.          To re-elect Anthony (Tony) Dalwood as a non-executive,
independent director of the Company.

 

 

 

Below, please find a summary of all votes received for JPEL's AGM:

 

             In Favour                               Discretion          Against                  Withheld
 Resolution  Votes         %                  Items  Votes  %     Items  Votes      %      Items  Votes    Items
 1           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 2           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 3           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 4           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 5           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 6           15,561,578    100                14     0      0     0      0          0      0      496,448  1
 7           15,335,078    98.54              13     0      0     0      226,500    1.46   1      496,448  1
 8           12,233,887    78.62              12     0      0     0      3,327,691  21.38  2      496,448  1

 

NB: Percentage of Votes cast excludes Withheld votes and resolution 9
(relating to the re-election of Sean Hurst) was withdrawn from the meeting.
 The Board acknowledges that there was a significant minority vote (being in
excess of 20 per cent) against resolution 8, and will duly engage with
shareholders in relation to this matter.

 

*          *              *

 

 Board Succession

In light of two of the three Board directors having served for at least nine
years a process is underway to refresh its configuration. In order to ensure
an orderly Board succession plan, this process is anticipated to be completed
within six months. The Board remains mindful of its fiduciary duties to all
shareholders including its commitment to focus on minimising costs
appropriately.

 

As a first stage of this orderly transition, Sean Hurst had notified the
Company of his intention to step-down from his position prior to the AGM with
immediate effect. The Board and Manager would like to thank Sean for his
valuable contribution during his time as Chair and wish him all the best in
his future endeavours.

 

Tony Dalwood has been appointed Chair with immediate effect to oversee the
succession plan. Trina Le Noury remains Chair of the Audit committee.

 

The appointment of additional Non-Executive Directors is progressed and,
subject to completion of the relevant regulatory approvals, at least one new
Director will join the Board shortly. A further update will be provided in due
course.

 

About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London
Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed
primarily to invest in the global private equity market.  The investment
objective of the Company is to achieve both short and long-term capital
appreciation by investing in a well-diversified portfolio of private equity
fund interests and by capitalising on the inefficiencies of the secondary
private equity market.

 

ENQUIRIES:

 

FCF JPEL Management LLC

JPELClientService@fortress.com

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