JPEL shareholders approve equity share buybacks

Published 27/11/2024, 18:20
JPEL shareholders approve equity share buybacks

GUERNSEY - JPEL Private Equity Limited, a closed-ended investment company listed on the London Stock Exchange (LON:LSEG) (LSE: JPEL), announced today that its shareholders have approved all resolutions during its Annual General Meeting (AGM) held on November 27, 2024. The resolutions included the renewal of the company's authority to repurchase its own shares and the re-election of its auditors and directors.

The company received unanimous support for its proposals, with 100% of the votes in favor of renewing the authority to make purchases of up to 15% of its issued US$ Equity Shares through a Tender Offer, as well as up to 14.99% of its shares on the open market. Shareholders also unanimously agreed to adopt the Annual Report and Financial Statements for the year ended June 30, 2024, re-elect PricewaterhouseCoopers CI LLP as the company's auditors, and re-authorize the directors to determine the auditors' remuneration.

Additionally, the AGM saw the re-authorization of directors' remuneration in line with the company's Articles of Incorporation and the re-election of Trina Le Noury, Anthony (Tony) Dalwood, and Sean Hurst as non-executive, independent directors of the company. The vote for the re-election of these directors was nearly unanimous, with a slight exception in the case of Sean Hurst, who received 97.69% votes in favor, with a small percentage of 2.31% against.

JPEL Private Equity Limited focuses on achieving capital appreciation by investing in a diversified portfolio of private equity fund interests and leveraging the inefficiencies of the secondary private equity market.

The results of the AGM reflect shareholders' support for the company's strategies and governance, as all proposed resolutions were passed without opposition. The information in this article is based on a press release statement provided by JPEL Private Equity Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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