JTC PLC Result of AGM (7658Z)

TIDMJTC

RNS Number : 7658Z

JTC PLC

22 May 2019

22 May 2019

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group")

Poll results of 2019 Annual General Meeting

JTC is pleased to announce the voting results of the Annual General Meeting of the Company's shareholders held on Tuesday, 21 May 2019 (the "AGM").

All resolutions as set out in the Notice of the AGM were passed with the requisite majority by means of a poll. Resolutions 1 to 12 were each passed as an Ordinary Resolution (requiring a simple majority for them to be passed) and resolutions 13 and 14 were each passed as a Special Resolution (requiring at least a 75% majority for them to be passed).

1. Poll Results

The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:

 
                                                 FOR               AGAINST                          Votes 
                                                                                    TOTAL VOTES    withheld 
                                                                                       CAST 
                                            No. of       %      No. of      %        No. of        No. of 
              Resolutions                    votes               votes                votes         votes 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 1 
  To receive the annual 
  accounts of the Company 
  for the financial 
  year ended 31 December 
  2018, together with 
  the reports of the 
  Directors and the 
  Auditor.                                94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 2 
  To approve the Directors' 
  Remuneration Report.                    91,538,065   99.80    180,717    0.20    91,538,065     2,941,583 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 3 
  To approve the Directors' 
  Remuneration Policy.                    90,970,146   99.80    180,717    0.20    90,970,146     3,509,502 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 4 
  To approve a final 
  dividend of 2 pence 
  per Ordinary Share.                     94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 5 
  To re-appoint PricewaterhouseCoopers 
  CI LLP as external 
  auditor of the Company.                 94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 6 
  To authorise the Audit 
  Committee to determine 
  the remuneration of 
  the external auditor.                   94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 7 
  To re-elect Michael 
  Liston as a Director.                   93,561,236   98.84   1,099,129   1.16    93,561,236         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 8 
  To re-elect Nigel 
  Le Quesne as a Director.                94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 9 
  To re-elect Dermot 
  Mathias as a Director.                  93,561,236   98.84   1,099,129   1.16    93,561,236         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 10 
  To re-elect Michael 
  Gray as a Director.                     89,256,843   95.94   3,775,005   4.06    89,256,843     1,628,517 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 11 
  To re-elect Martin 
  Fotheringham as a 
  Director.                               94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 12 
  To authorise the Directors 
  to allot Equity Securities 
  (as defined in the 
  Articles) and to grant 
  rights to subscribe 
  for or to convert 
  any security into 
  Equity Securities 
  subject to certain 
  limitations.                            94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 13* 
  To dis-apply pre-emption 
  rights - general power.                 89,555,485   94.61   5,104,880   5.39    89,555,485         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 Resolution 14* 
  To authorise the Company 
  to make market purchases 
  of its own shares 
  and to authorise the 
  Company to hold any 
  such purchased shares 
  as treasury shares.                     94,660,365    100        0       0.00    94,660,365         0 
                                         -----------  ------  ----------  -----  --------------  ---------- 
 

* Special Resolutions requiring a 75% majority

2. Notes

A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

The total number of shares on the register at 6 pm on 17 May 2019, being those eligible to be voted on at the AGM, was 112,820,977.

In accordance with Listing Rule 9.6.2, copies of the Special Resolutions approved by shareholders will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly thereafter for inspection at www.morningstar.co.uk/uk/nsm

The results will also be made available on the Company's website: http://www.jtcgroup.com

3. Final Dividend

The timetable in relation to the final dividend is as follows:

 
 Shares marked as ex-entitlement      Thursday, 30 May 2019 
  to dividend 
 Record date for entitlement              5pm on Friday, 31 
  to dividend                                      May 2019 
                                  ------------------------- 
 Payment of dividend                    Friday, 21June 2019 
                                  ------------------------- 
 

For further information please contact:

Miranda Lansdowne

JTC (Jersey) Limited

Company Secretary

[phone]

[e-mail]

About JTC

JTC is an award-winning provider of fund, corporate and private wealth services to institutional and private clients. The Company has a global presence, with over 700 staff operating in more than 18 different jurisdictions and assets under administration totalling c. US$ 110+ billion.

JTC remains fully committed to its shared ownership culture and philosophy, with management and staff continuing to hold over 20% of the equity in the firm, clearly aligning the interests of clients, employees and other stakeholders.

www.jtcgroup.com

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May 22, 2019 02:00 ET (06:00 GMT)