JERSEY’S funds industry hit new records last year but the Island must remain alert to potential regulatory changes and shifting investor behaviour to remain competitive, according to the Jersey Funds Association.JFA chairman Michael Johnson said th.
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NOTICE OF EXTRAORDINARY GENERAL MEETING The Company today announces that the board of directors of the Company (the Board ) has conditionally resolved to alter the means by which the Company will satisfy its Ordinary Share Distribution Policy. Conditional upon the passing of resolution 5 set out below, the Board intends to satisfy the requirements of the policy by distributing at least fifty per cent. of amounts distributed on its Ordinary Shares by way of dividend, with the remainder to be returned by way of share buybacks executed by Marwyn Value Investors LP (the Master Fund ). Following the adjourned 2020 annual general meeting of the Company on 3 December 2020 (the AGM ), certain information has come to the attention of the Board which calls into question the outcome of that meeting. It is therefore proposed that the Company holds an extraordinary general meeting (the EGM ) where the resolutions tabled at the AGM be proposed again.