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LONDON - Shareholders of Jupiter Green Investment Trust plc have voted in favor of a plan to wind up the company, a move that will see the reclassification of shares and changes to the company’s articles of association. The decision came during the First General Meeting, where two special resolutions related to the winding-up scheme were passed with over 99% approval.
The scheme, which falls under Section 110 of the Insolvency Act 1986, received overwhelming support, with 4,272,791 votes for the reclassification of shares and 4,274,769 votes for the scheme’s implementation and associated changes to the articles of association. The total votes cast represented 22.62% and 22.64% of the issued share capital, respectively, with a small percentage of votes withheld.
However, the ordinary resolution concerning the Directors Remuneration Policy faced opposition, with 87.35% of votes cast against it. Given the impending winding-up process, the board stated it would not engage with shareholders to address these concerns, which is a deviation from the usual practice recommended by the AIC Code.
The shares of Jupiter Green Investment Trust were disabled for settlement in CREST as of 6 pm on March 4, 2025, and trading in the shares is scheduled to be suspended at 7:30 am on March 10, 2025. The full text of the resolutions and details of the voting outcomes will be made available on the company’s website and the National Storage Mechanism.
The winding-up of Jupiter Green Investment Trust is part of a structured liquidation process, which will see the company’s assets being redistributed as per the approved scheme. This announcement is based on a press release statement and provides shareholders and the market with the outcomes of the pivotal meeting.
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