Result of AGM

Source: RNS
RNS Number : 1492L
Jupiter Fund Management PLC
11 May 2022
 

11 May 2022

Jupiter Fund Management plc (the "Company")

 

Results of the Annual General Meeting

The Board announces that at the Annual General Meeting ("AGM") of the Company held today, 11 May 2022, at The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ, all of 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 for

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 2021

450,798,236

100.00

1,886

0.00

450,800,122

319,733

2. To approve the Annual Remuneration Report for the year ended 31 December 2021

430,689,519

95.48

20,370,155

4.52

451,059,674

60,101

3. To approve a final dividend of 9.2 pence for the year ended 31 December 2021

450,969,463

99.98

105,002

0.02

451,074,465

45,390

4. To elect David Cruikshank as a Director

448,701,466

99.48

2,336,153

0.52

451,037,619

82,156

5. To elect Dale Murray as a Director

346,759,202

76.88

104,278,417

23.12

451,037,619

82,156

6. To elect Suzy Neubert as a Director

449,200,084

99.59

1,830,336

0.41

451,030,420

89,355

7. To re-elect Andrew Formica as a Director

438,267,430

97.16

12,797,387

2.84

451,064,817

54,958

8. To re-elect Wayne Mepham as a Director

441,034,053

97.78

10,001,672

2.22

451,035,725

84,050

9. To re-elect Chris Parkin as a Director

441,301,834

97.84

9,726,585

2.16

451,028,419

91,356

10. To re-elect Nichola Pease as a Director

434,554,354

96.35

16,481,478

3.65

451,035,832

83,943

11. To re-elect Karl Sternberg as a Director

429,143,100

95.17

21,769,828

4.83

450,912,928

206,847

12. To re-elect Roger Yates as a Director

334,433,242

74.15

116,595,177

25.85

451,028,419

91,356

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

446,262,566

98.94

4,800,321

1.06

451,062,887

56,968

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

448,017,140

99.32

3,060,161

0.68

451,077,301

42,554

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

347,237,481

77.01

103,669,776

22.99

450,907,257

212,518

16. To authorise political donations and political expenditure

447,156,042

99.13

3,940,447

0.87

451,096,489

23,286

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

445,013,129

98.70

5,883,732

1.30

450,896,861

222,914

18. To authorise the Company to purchase its own shares

347,420,477

77.04

103,564,325

22.96

450,984,802

134,973

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

443,196,666

98.25

7,874,673

1.75

451,071,339

48,436

 *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 Resolutions 5, 12, 15 and 18 which were all primarily driven by one major shareholder.

Resolutions 5 and 12 relate to the election of Dale Murray and the re-election of Roger Yates as Directors. Our major shareholder has more stringent requirements than the prevailing proxy advisor guidelines, in relation to the number of external mandates held by individual directors. The Company is satisfied that these Directors have sufficient time to dedicate to Jupiter's business and that they have continued to demonstrate their valuable contribution and commitment.

Resolution 14 authorises the Directors to allot shares up to a value of approximately one third of the issued share capital and Resolution 18 authorises the Directors to purchase its own shares up to a value of approximately 10% of the issued share capital. It is standard market practice for UK-listed companies to retain these types of authority and the amounts sought are within the UK Investment Association's share capital management guidelines.

Following the outcome of today's vote, we will continue our engagement with shareholders and provide the required updates in-line with the requirements of the UK Governance Code.

The issued share capital of the Company comprises 553,060,741 shares and votes cast as a percentage of the issued share capital amounted to 81.5%. Resolutions 17, 18 and 19 were passed as special resolutions.

The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business to the FCA's National Storage Mechanism and they are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The results of the AGM will be available shortly on the Company's website at https://www.jupiteram.com/investor-relations/

For further information please contact:

 

                                              Investors                                                      Media

Jupiter                                   Lisa Daniels                                                  Despina Constantinides

                                              +44 (0)20 3817 1664                                    +44 (0)20 3817 1278

   

 

Powerscourt                           Justin Griffiths

                                                       +44 (0)20 7250 1446

 

 

Jupiter Fund Management plc

LEI Number: 5493003DJ1G01IMQ7S28

 

 

 

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