EJF Investments Ltd Issue of Equity and Repurchase into Treasury (4061G)
06 November 2018 - 4:24AM
UK Regulatory
TIDMEJFI TIDMEJFZ
RNS Number : 4061G
EJF Investments Ltd
05 November 2018
FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE
UNITED KINGDOM), AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY
OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
EJF Investments Ltd
5 November 2018
Issue of equity and repurchase into treasury
The board of EJF Investments Ltd (the "Company") announces that
on 5 November 2018 it approved the issue of 9,000,000 ordinary
shares (the "Shares") to Numis Securities Limited, the Company's
corporate broker, under the Placing Programme (as described in the
Company's Prospectus, dated 9 November 2017) at a price of 182
pence per share, being equivalent to the net asset value ("NAV")
per share as at 30 September 2018, which is the Company's latest
published NAV per share.
The Shares will on Admission (as defined below) be immediately
repurchased by the Company, at the same price (being the latest
published NAV per share), to be held in treasury. The net cash
position of the Company, following these transactions, remains
unchanged. The Shares held in treasury will be available to be sold
to meet ongoing market demand. The Shares will only be sold from
treasury at a premium to the prevailing NAV per share.
The Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with the existing Shares.
Application has been made to the FCA for the Shares to be admitted
to trading on the Specialist Fund Segment of the London Stock
Exchange's main market for listed securities ("Admission"). It is
expected that Admission will become effective and dealings in the
Shares will commence at 8.00 a.m. on 8 November 2018.
Following Admission and the repurchase noted above, the number
of ordinary shares that the Company has in issue will be 69,557,192
of which 9,000,000 ordinary shares are held in treasury. The total
number of voting rights of the Company will be 60,557,192 and this
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the
Company, under the Disclosure Guidance and Transparency Rules.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Hammad Khan / Matt Gill
pstage@ejfcap.com / hkhan@ejfcap.com / mgill@ejfcap.com
+44 203 752 6775 / +44 203 752 6771 / +44 203 752 6774
For the Company Secretary and Administrator
Crestbridge Fund Administrators Limited
EJFInvestors.jsy@crestbridge.com
+44 1534 835 600
For the Broker
Numis Securities Limited
David Luck
d.luck@numis.com
+44 20 7260 1301
About EJF Investments Ltd
The Company is a registered closed-ended limited liability
company incorporated in Jersey under the Companies (Jersey) Law
1991, as amended, on 20 October 2016 with registered number 122353.
The Company is regulated by the Jersey Financial Services
Commission (the "JFSC"). The JFSC is protected by both the
Collective Investment Funds (Jersey) Law 1988 and the Financial
Services (Jersey) Law 1998, as amended, against liability arising
from the discharge of its functions under such laws.
The JFSC has not reviewed or approved this announcement.
LEI: 549300XZYEQCLA1ZAT25
Investor information & warnings
The latest available information on the Company can be accessed
via its website at www.ejfi.com. This communication has been issued
by, and is the sole responsibility of, the Company and is for
information purposes only. It is not, and is not intended to be an
invitation, inducement, offer or solicitation to deal in the shares
of the Company. The price and value of shares in the Company and
the income from them may go down as well as up and investors may
not get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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