Jupiter Fund Management PLC

AGM Information • May 16, 2019

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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 total votes cast	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 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

+44 (0)20 3817 1664                         +44 (0)20 3817 1196

Powerscourt                              Victoria Palmer Moore

+44 (0)20 7324 0493

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