TIDMEJFI TIDMEJFZ
RNS Number : 5807U
EJF Investments Ltd
03 December 2021
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
REPUBLIC OF IRELAND), AUSTRALIA, CANADA, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
3 December 2021
EJF INVESTMENTS LTD
PDMR Dealings
EJF Investments Ltd ("EJFI" or the "Company") announces that, in
accordance with its dealing code, EJF Capital Limited, a
wholly-owned subsidiary of EJF Capital LLC (together with EJF
Capital Limited, "EJF") and a "person closely associated" with EJF
Investments Manager LLC, which is the Company's investment manager
(the "Manager"), unconditionally agreed on 30 November 2021 to
acquire 70,751 ordinary shares in the Company ("Ordinary Shares")
at an average price of GBP1.285 per share from Hammad W. Khan in a
private off-market transaction.
Mr. Khan is leaving EJF with the best wishes of the Company's
Board of Directors to pursue a new opportunity and has stepped down
as Co-Chief Investment Officer of the Manager. Mr. Khan currently
remains a "person discharging managerial responsibilities" (a
"PDMR") for the purposes of Regulation (EU) No 596/2014 on Market
Abuse ("MAR"). Neal Wilson, currently a voting member of the
Manager's investment committee and Co-Chief Executive Officer of
EJF, will replace Hammad Khan and has joined Peter Stage as
Co-Chief Investment Officer of the Manager.
Following the settlement of this transaction:
-- EJF Capital Limited is interested in 1,878,246 Ordinary
Shares, representing approximately 3.07% of the issued Ordinary
Shares.
-- Mr Khan has sold all of his Ordinary Shares.
Shares in the capital of the Company held in treasury have not
been taken into account in the calculation of the above
percentages.
The notifications below, made in accordance with the
requirements of MAR, provides further detail in relation to the
above transaction:
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name EJF Capital Limited
---------------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
(a) Position/status A wholly-owned subsidiary of EJF Capital
LLC
---------------------------------------- --------------------------------------------
(b) Initial notification/Amendment Initial notification
---------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
(a) Name EJF Investments Ltd
---------------------------------------- --------------------------------------------
(b) LEI 549300XZYEQCLA1ZAT25
---------------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
(a) Description of financial Ordinary Shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- --------------------------------------------
(b) Nature of the transaction Acquisition of Ordinary Shares
---------------------------------------- --------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- --------------------- ---------------------
GBP1.285 70,751
-------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 70,751
GBP90,915.04
* Price
---------------------------------------- --------------------------------------------
(e) Date of transaction 30 November 2021
---------------------------------------- --------------------------------------------
(f) Place of transaction Off-market
---------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Hammad Khan
---------------------------------------- ----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
(a) Position/status Co-Chief Investment Officer of the Manager
and the Senior Managing Director, Europe,
of EJF Capital Limited
---------------------------------------- ----------------------------------------------
(b) Initial notification/Amendment Initial notification
---------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
(a) Name EJF Investments Ltd
---------------------------------------- ----------------------------------------------
(b) LEI 549300XZYEQCLA1ZAT25
---------------------------------------- ----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------------
(a) Description of financial Ordinary Shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- ----------------------------------------------
(b) Nature of the transaction Sale of Ordinary Shares
---------------------------------------- ----------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ----------------------
GBP1.285 70,751
--------------------------------------------------------------------- ----------------------
(d) Aggregate information
* Aggregated volume 70,751
GBP90,915.04
* Price
---------------------------------------- ----------------------------------------------
(e) Date of transaction 30 November 2021
---------------------------------------- ----------------------------------------------
(f) Place of transaction Off-market
---------------------------------------- ----------------------------------------------
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 1534 813 996
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.
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END
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