JPEL Private Equity Limited
Ground Floor
Cambridge House
Le Truchot, St Peter Port
Guernsey, GY1 1WD
JPEL ANNOUNCES RESULTS OF AGM
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GUERNSEY, 6 DECEMBER 2023
JPEL Private Equity Limited (the "Company") announces that at the Annual General Meeting ("AGM") of the Company held on 6 December 2023, all resolutions put to shareholders at the AGM were duly passed.
SUMMARY OF RESOLUTIONS PROPOSED AT AGM
Special Resolutions
1. To renew the Company's authority to make purchases of up to 15 per cent. of its own issued US$ Equity Shares pursuant to any proposed Tender Offer.
2. To renew the Company's general authority to make market purchases of up to 14.99 per cent. of its own issued US$ Equity Shares.
Ordinary Resolutions
3. To approve and adopt the Annual Report and Financial Statements of the Company for the year ended 30 June 2023.
4. To re-elect PricewaterhouseCoopers CI LLP as Auditors to the Company.
5. To re-authorise the Directors to determine the Auditors' remuneration.
6. To re-authorise and agree the remuneration of the Directors in accordance with the Articles of Incorporation.
7. To re-elect Trina Le Noury as a non-executive, independent director of the Company.
8. To re-elect Anthony (Tony) Dalwood as a non-executive, independent director of the Company.
9. To re-elect Sean Hurst as a non-executive, independent director of the Company.
Below, please find a summary of all votes received for JPEL's AGM:
| | In Favour | Discretion | Against | Withheld | |||||||
| Resolution | Votes | % | Items | Votes | % | Items | Votes | % | Items | Votes | Items |
| 1 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 12,085,786 | 100 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 37,289 | 1 |
| 5 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | 12,123,075 | 100 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | 11,743,277 | 96.87 | 14 | 0 | 0 | 0 | 379,798 | 3.13 | 1 | 0 | 0 |
| 9 | 12,085,786 | 100 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 37,289 | 1 |
NB: Percentage of Votes cast excludes Withheld votes
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About JPEL Private Equity Limited
JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.
ENQUIRIES:
FCF JPEL Management LLC
JPELClientService@fortress.com
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