Jersey Electricity PLC: 2024 Annual General Meeting: Voting instructions

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A decision made 23 February 2024:

Decision Reference: MD-TR-2024-118		Public
Subject: Jersey Electricity Plc - 2024 Annual General Meeting voting instructions
Report Title: WR - Jersey Electricity Plc - 2024 Annual General Meeting voting instructions		Exempt (Article 26)
Decision(s): The Minister for Treasury and Resources decided to instruct the Treasurer and Greffier of the States to vote by proxy, in favour of the following 12 Ordinary resolutions and 4 Special Resolutions to be put before the Annual General Meeting of Jersey Electricity Plc on 5th March 2024:- 1. To receive the accounts and the reports of the Directors and the Auditors thereon for the year ended 30 September 2023; 2. To declare a dividend; 3. To re-elect P. Austin as a Director of the Company; 4. To re-elect A. Bryce as a Director of the Company; 5. To re-elect W. Dorman as a Director of the Company; 6. To re-elect A. Taylor as a Director of the Company; 7. To re-elect A. Iceton as a Director of the Company; 8. To re-elect K. O’Neill as a Director of the Company; 9. To re-elect C. Ambler as a Director of the Company; 10. To re-elect L. Fulton as a Director of the Company; 11. To transact special business, namely, to consider and, if thought fit, approve an increase in the maximum aggregate Non-Executive Directors remuneration to £325,000 annually; 12. To re-appoint the Auditors and authorise the Directors to agree their remuneration; Special Resolutions 13. To amend Article 82 to clarify that notices of meetings, including annual general meetings may be given by electronic means at an address or in a manner agreed by the Shareholder; 14. To delete Article 98 of the Articles of Association; 15. To amend Articles 105 and 106 of the Articles of Association and to insert Article 106A of the Articles of Association to permit the acceptance of electronic forms of proxy and to allow the Board to approve the utilisation of electronic proxy forms; and 16. To amend Article 176 of the Articles of Association to remove the requirement for hard copy Annual Report and Accounts to be sent to Shareholders.
Reason for Decision(s): To fulfil the States’ role as shareholder of Jersey Electricity Plc by exercising voting rights at the Annual General Meeting. The States of Jersey is holder of all of the Ordinary 5p shares which amounts to 62% of the ordinary share capital of Jersey Electricity Plc. This represents 86.4% of the total voting rights.
Resource Implications: There are no additional resource implications as a result of this decision.
Action Required: The Minister’s Private Secretary to inform the Head of Shareholder Relations that this decision has been approved. The Head of Shareholder Relations to arrange for the Treasurer of the States and the Greffier of the States to sign the Form of Proxy in accordance with this decision.
Signature:	Signed By: Minister for Treasury and Resources
Date Signed:	Date of Decision (If different from Date Signed):