TIDMEJFI TIDMEJFZ
RNS Number : 4513Z
EJF Investments Ltd
17 May 2019
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 AND THE REPUBLIC OF IRELAND), AUSTRALIA, CANADA,
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO.
This announcement is an advertisement for the purposes of the
Prospectus Rules of the UK Financial Conduct Authority and not a
prospectus and not an offer of securities for sale in any
jurisdiction. Neither this announcement nor anything contained
herein shall form the basis of, or be relied upon in connection
with, any offer or commitment whatsoever in any jurisdiction.
Investors should not purchase or subscribe for any shares referred
to in this announcement except on the basis of information in the
prospectus expected to published by the Company shortly following
the 2019 Annual General Meeting (the "Prospectus"). A copy of the
Prospectus, following its publication, will be available from the
Company's website (www.EJFI.com), subject to applicable securities
laws, and at its registered office at IFC 1, The Esplanade, St.
Helier, Jersey JE1 EBP, Channel Islands.
17 May 2019
EJF Investments Ltd (the "Company" or "EJFI")
Notice of 2019 Annual General Meeting
The Company is pleased to announce that the following documents
in relation to the Company's 2019 Annual General Meeting have been
sent to the Company's shareholders today and will be posted on the
Company's website (www.ejfi.com) shortly:
-- Notice of the 2019 Annual General Meeting
-- Form of Proxy for the 2019 Annual General Meeting
The Company's 2019 Annual General Meeting will be held at 2:30pm
BST on 21 June 2019 at the offices of BNP Paribas Securities
Services S.C.A. Jersey Branch at IFC 1, The Esplanade, St Helier,
Jersey JE1 4BP.
In order to afford itself with the greatest flexibility to issue
further capital in order to take advantage of the attractive
pipeline of potential investments which the Company's Investment
Manager continues to see, the Company is proposing to establish a
new placing programme pursuant to which the Company may issue up to
[150,000,000] Ordinary Shares and/or C Shares (the "Placing
Programme"). Amongst other matters, the Notice of the 2019 Annual
General Meeting contains authorities which, if passed, will be
followed shortly thereafter by the publication of the Prospectus in
connection with the Placing Programme to facilitate the Company
raising additional capital.
In the Directors' opinion, the Placing Programme will have the
following benefits to Shareholders:
-- the Company will be able to raise additional capital
promptly, enabling it to take advantage of current and future
investment opportunities, thereby further diversifying its
investment portfolio;
-- an increase in the market capitalisation of the Company will
help to make the Company attractive to a wider investor base;
-- it is expected that secondary market liquidity will be
further enhanced as a result of a larger and more diversified
shareholder base; and
-- the Company's fixed running costs will be spread across a
wider shareholder base, thereby reducing the total expense
ratio.
The Notice of the 2019 Annual General Meeting and the Form of
Proxy for the 2019 Annual General Meeting will be uploaded to the
National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM.
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
BNP Paribas Securities Services S.C.A. Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 181/ +44 1481 750 822
For the Broker
Numis Securities Limited
David Luck
d.luck@numis.com
+44 20 7260 1301
About EJF Investments Ltd
EJFI 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
NOACKODQNBKDOPD
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