JPEL Private Equity Limited 2017 AGM CIRCULAR (9770V)

TIDMJPEL

RNS Number : 9770V

JPEL Private Equity Limited

09 November 2017

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

www.jpelonline.com

JPEL PUBLISHES 2017 AGM CIRCULAR

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GUERNSEY, 9 NOVEMBER 2017

JPEL Private Equity Limited ("JPEL" or the "Company") has today published a circular to Shareholders.

The circular contains a notice of an Annual General Meeting ("AGM") to be held at Ground Floor, Cambridge House, Le Truchot, St Peter Port, Guernsey, GY1 1WD on 30 November 2017 at 12.00 p.m.

The following summarises all of the resolutions the Company is seeking to approve at the AGM. All special and ordinary resolutions to be proposed at the AGM represent renewals from previous annual general meetings.

SUMMARY OF RESOLUTIONS TO BE PROPOSED

The following summarises all of the resolutions the Company is seeking approval for at the AGM.

Special Resolutions

1. To renew the Company's authority to make purchases of up to 15 per cent. of each class of its own issued 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 each class of its own issued Shares.

Ordinary Resolutions

3. To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2017.

   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 Christopher P. Spencer as a non-executive, independent director of the Company, who retires by rotation.

8. To re-elect John Loudon as a non-executive, independent director of the Company, who retires by rotation.

Further details on each of the resolutions are set out in the Company's circular.

Copies of the following documents are available for inspection at the offices of Akin Gump LLP, Eighth Floor, Ten Bishops Square, London E1 6EG and at the registered office of the Company (which is also the place of the AGM) during normal business hours of any Business Day (Saturdays and public holidays excepted) until the conclusion of the Annual General Meeting:

   --            the Annual Report and Financial Statements for the year ended 30 June 2017; and 
   --            the circular. 

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do

A full copy of the circular and annual report and accounts are available on JPEL's website (through the "Investor Information" and "Reports" and "Shareholder Documents" links through http://www.jpelonline.com).

Further copies of the circular may be obtained, free of charge, from the registered office of the Company.

Copies of the circular and proxy form will be mailed to shareholders.

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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

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 09, 2017 02:02 ET (07:02 GMT)