J.P. Morgan Private Equity will seek shareholder approval to change its name at an extraordinary general meeting on 25 February.

This follows the announcement on 8 December that J.P. Morgan Asset Management and affiliates of Fortress Investment Group LLC had entered into definitive agreements on the transfer of the investment management team responsible for JPEL to FIG.

Shareholders at the EGM will be asked to:

1. change the name of the Company to JPEL Private Equity Limited, conditional upon the satisfaction of certain conditions agreed between J.P. Morgan Asset Management and affiliates of Fortress Investment Group LLC relating to the transfer of the investment management team responsible for the management of the Company from J.P. Morgan Asset Management to FIG.

2. Adopt new articles of incorporation of the company, conditional upon the approval of the first resolution and effective on the change of name of the company.

The EGM will be held at Carinthia House, 9-12 The Grange, St. Peter Port, Guernsey, at 2 p.m.


At 9:56am: (LON:JPEL) JPMorgan Private Equity Ltd share price was 0p at 0.94p