Jupiter Fund Management PLC Result of AGM (2580Z)

TIDMJUP

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     Against       % of       Total votes   Votes 
                                              total                  total                    withheld* 
                                              votes                  votes 
                                              cast                   against 
 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

                                                    [phone]                         [phone] 
   Powerscourt                              Victoria Palmer Moore 

[phone]

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May 16, 2019 04:40 ET (08:40 GMT)