Last checked at 6 May 2021 11:47
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 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 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
+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