Result of AGM

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

RESULTS OF ANNUAL GENERAL MEETING 2018

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all the ordinary business put to shareholders was passed. In particular, the following special business was also passed which:

i) will allow the Company to allot relevant securities in the Company (within the meaning of Section 551 of the Companies Act 2006) up to 3,191,180 Managed Growth Shares, 7,114,324 Managed Income Shares and 767,000 Managed Cash Shares;

ii) will allow the Company to disapply pre-emption rights in respect of the allotment of new ordinary shares in the Company subject to certain specified conditions;

iii) will allow the Company to make market purchases of its issued Managed Growth shares, Managed Income shares and Managed Cash shares up to a maximum number of which is equal to 14.99% of the issued share capital of the relevant share (excluding treasury shares);

iv) will enable the Company to make off-market purchases of its own securities.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmelect.co.uk. 

A Summary of proxy votes received will shortly be available on the Company's website, www.jpmelect.co.uk.

Directorships

At the Annual General Meeting held today Mr. Roger Yates retired as a Director of the Company and Mr. Rupert Dickinson was appointed as a Director of the Company by the shareholders.

19th December 2018

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000