REG - Jupiter Fund Mgmt - Result of AGM

Jupiter Fund ManagementAnnouncement

16/05/2019 09:45

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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