Jupiter Fund Management PLC Result of AGM (8077X)

TIDMJUP

RNS Number : 8077X

Jupiter Fund Management PLC

06 May 2021

6 May 2021

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, 6 May 2021, 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     Against       % of       Total votes   Votes withheld* 
                                              total                  total 
                                              votes                  votes 
                                              for                    against 
 1. To receive the 
  report of the Directors 
  and the Accounts 
  of the Company 
  for the year ended 
  31 December 2020             452,590,935   99.99    696           0.01       452,591,631   2,305,675 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 2. To approve the 
  Annual Remuneration 
  Report for the 
  year ended 31 December 
  2020                         444,099,193   97.78    10,097,335    2.22       454,196,528   700,778 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 3. To approve the 
  Directors' Remuneration 
  Policy                       434,297,136   95.62    19,898,592    4.38       454,195,728   701,578 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 4. To approve a 
  final dividend 
  of 9.2 pence for 
  the year ended 
  31 December 2020             454,024,696   99.96    202,759       0.04       454,227,455   669,851 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 5. To elect Chris 
  Parkin as a Director         449,205,083   98.90    5,004,105     1.10       454,209,188   688,118 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 6. To re-elect 
  Andrew Formica 
  as a Director                450,813,820   99.25    3,411,185     0.75       454,225,005   672,301 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 7. To re-elect 
  Wayne Mepham as 
  a Director                   450,591,772   99.20    3,622,214     0.80       454,213,986   683,320 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 8. To re-elect 
  Nichola Pease as 
  a Director                   445,616,913   98.40    7,255,020     1.60       452,871,933   2,025,373 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 9. To re-elect 
  Karl Sternberg 
  as a Director                437,630,269   96.36    16,528,769    3.64       454,159,038   738,268 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 10. To re-elect 
  Polly Williams 
  as a Director                451,168,994   99.33    3,040,194     0.67       454,209,188   688,118 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 11. To re-elect 
  Roger Yates as 
  a Director                   448,477,225   98.74    5,732,285     1.26       454,209,510   687,796 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 12. To re-appoint 
  PricewaterhouseCoopers 
  LLP as the Company's 
  auditors                     446,590,577   98.33    7,573,272     1.67       454,163,849   733,457 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 13. To authorise 
  the Audit and Risk 
  Committee to set 
  the remuneration 
  of the auditor               447,165,268   98.44    7,064,515     1.56       454,229,783   667,523 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 14. To authorise 
  the Directors to 
  allot shares in 
  the Company                  353,332,310   77.79    100,883,390   22.21      454,215,700   681,606 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 15. To authorise 
  political donations 
  and political expenditure    449,158,134   98.74    5,722,811     1.26       454,880,945   16,361 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 16. To authorise 
  the Directors to 
  disapply pre-emption 
  rights                       449,966,935   99.07    4,214,290     0.93       454,181,225   716,081 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 17. To authorise 
  the Company to 
  purchase its own 
  shares                       452,109,679   99.70    1,370,275     0.30       453,479,954   1,417,352 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 18. To approve 
  general meetings 
  (other than annual 
  general meetings) 
  of the Company 
  being called on 
  14 clear days' 
  notice                       444,209,274   97.79    10,018,181    2.21       454,227,455   669,851 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 19. To adopt new 
  Articles of Association      454,172,289   99.99    204           0.01       454,172,493   724,813 
                              ------------  -------  ------------  ---------  ------------  ---------------- 
 

*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 Resolution 14, which authorises the Directors to allot shares up to a value of approximately one third of the issued share capital. It is standard market practice for UK listed companies to retain this type of authority and the amount sought under this resolution is lower than the maximum recommended levels contained within the UK Investment Association's share capital management guidelines.

The results of the vote on Resolution 14 were primarily driven by one major shareholder and, following the outcome of today's vote, we will continue our engagement with them 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. Resolutions 16, 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, and the new Articles of Association to the FCA's National Storage Mechanism and they are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Details of proxy votes lodged 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

                                                    [phone]                                     [phone] 

Powerscourt Justin Griffiths

[phone]

Jupiter Fund Management plc

LEI Number: 5493003DJ1G01IMQ7S28

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May 06, 2021 06:47 ET (10:47 GMT)