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LONDON - Shareholders of JPMorgan Indian Investment Trust PLC (LON:JII) approved all resolutions at the General Meeting held on Tuesday, including an Enhanced Dividend Policy and authorization for a tender offer.
The ordinary resolution to approve the Enhanced Dividend Policy received 98.63% support with 22,735,821 votes in favor and 316,230 against, according to a statement released by the company.
Shareholders also passed two special resolutions with similar levels of support. The adoption of New Articles was approved with 98.67% of votes cast, while the authorization for the company to make market purchases pursuant to a Tender Offer detailed in a June 6 circular received 98.70% approval.
The tender offer resolution allows the company to make market purchases as outlined in documentation provided to shareholders last month.
Voter participation represented approximately 35-36% of the company’s issued share capital across the three resolutions. The meeting saw 972,646 votes withheld on the dividend policy resolution, 979,660 on the articles amendment, and 35,878 on the tender offer approval.
The special resolutions passed at the meeting have been submitted to the National Storage Mechanism and will be available for inspection through the Financial Conduct Authority’s data portal.
The information is based on a regulatory news service announcement issued by the company following the General Meeting.
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