JPMorgan Global Growth approves asset combination

LONDON - Shareholders of JPMorgan Global Growth & Income PLC have approved all resolutions during a General Meeting held today, paving the way for a strategic combination with Henderson International Income Trust plc. The vote endorses a scheme of reconstruction that will integrate the assets of the two entities.

The meeting resulted in an overwhelming majority voting in favor of the proposed resolutions, which included the authority to allot necessary securities for the scheme, the ability to allot additional shares, and the authority to allot equity securities for cash. Additionally, the directors’ aggregate annual remuneration cap will be increased from $350,000 to $450,000.

The specific resolutions and their respective votes were as follows: Resolution 1, regarding the authority to allot relevant securities for the scheme, received 99.63% votes in favor. Resolution 2, which concerned the authority to allot shares up to a maximum nominal amount, garnered 99.45% approval. Resolution 3, which grants the authority to allot equity securities for cash, saw 99.40% voting in favor. Finally, Resolution 4, involving the increase in directors’ remuneration, was approved with 98.03% of the votes.

The total number of votes cast represented 26.79% to 26.83% of the issued share capital, indicating a significant shareholder turnout. The full text of the resolutions has been made available in the company’s circular dated April 17, 2025, and can also be accessed through the National Storage Mechanism.

The successful vote is a crucial step in the combination process, which is expected to enhance the investment prospects and operational efficiencies of the merged entity. The details of the resolutions and the outcome of the General Meeting will be submitted to the National Storage Mechanism and will be available for public viewing.

This strategic move comes as asset management firms continue to seek ways to bolster their offerings and competitiveness in a dynamic financial market. The information regarding the General Meeting and the resolutions passed is based on a press release statement from JPMorgan Global Growth & Income PLC.

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