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Jersey Electricity PLC: 2016 Annual General Meeting: Voting Instructions

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 29 February 2016:

Decision Reference:  MD-TR-2016-0018

Decision Summary Title:

Jersey Electricity plc 2016 Annual General Meeting Voting Instructions

Date of Decision Summary:

18th February 2016

Decision Summary Author:

Head of Shareholder Relations

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Jersey Electricity plc 2016 Annual General Meeting Voting Instructions

Date of Written Report:

18th February 2016

Written Report Author:

Head of Shareholder Relations

Written Report :

Public or Exempt?

Public

Subject:

Jersey Electricity plc 2016 Annual General Meeting voting instructions.

Decision(s):

The Minister instructed the Treasurer of the States and the Greffier of the States to vote in favour of the resolutions to be put before the Annual General Meeting of the Jersey Electricity plc on 3rd March 2016.

Reason(s) for decision:  

To fulfil the States’ role as shareholder of the 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 the JEC. This represents 86.4% of the total voting rights. The Directors of the company have proposed 8 Ordinary resolutions to be considered at the AGM. These are outlined in the report and in the Notice of Annual General Meeting (Appendix B) and Form of Proxy (Appendix C).

Resource Implications:

The decision has no resource implications other than those detailed in the report.

Action required:

Head of Decision Support to notify the Head of Shareholder Relations that this decision has been approved.  

Signature:

 

 

Position: Senator A Maclean,

Minister for Treasury and Resources

 

Date Signed:

 

Date of Decision:

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