TIDMEJFI TIDMTTM
RNS Number : 5180K
EJF Investments Ltd
25 August 2023
FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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.
25 August 2023
EJF Investments Ltd ("EJFI" or the "Company")
Update on the composition of the Board of Directors
EJFI, which provides investors exposure to primarily a
diversified portfolio of debt issued by smaller U.S. banks and
insurance companies, announces that Neal Wilson has today retired
from his role as a Director of the Company with immediate
effect.
Following Mr. Wilson's retirement, a replacement director will
not be appointed and the Board of EJFI will be comprised of the
three existing independent directors.
Recognising the valuable skills and investment experience that
he brings, Mr. Wilson will remain on the Board of EJFI's wholly
owned investment holding subsidiary, EJF Investments Holdings
Limited ("EJFIH"). EJFI will also continue to indirectly benefit
from Mr. Wilson's expertise through his continuing senior executive
roles as role as an officer (CEO) of the Manager and an officer and
director of other affiliates of the Manager. Any conflicts of
interest that may arise at the level of the EJFIH board will
continue to be managed in accordance with the Group's conflicts
policies. Mr. Wilson will continue to waive the right to receive
any compensation in respect of his role as a director of EJFIH.
The Board considers this change to be in the best interests of
the Company, its shareholders and stakeholders as it brings the
Company into alignment with best practice corporate governance
whilst ensuring that it continues to indirectly benefit from the
asset management skills and expertise that Mr. Wilson has to offer,
both through his continuing seat on the EJFIH board and his
executive role at the Manager.
The person responsible for arranging the release of this
announcement on behalf of the Company is Dean Plowman of BNP
Paribas S.A., Jersey Branch, Company Secretary.
ENQUIRIES
For the Manager
EJF Investments Manager LLC
Peter Stage / Jay Ghatalia
pstage@ejfcap.com / jghatalia@ejfcap.com
+44 203 752 6775 / +44 203 752 6776
For the Company Secretary and Administrator
BNP Paribas S.A., Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 198/ +44 1534 813 967
For the Broker
Barclays Bank PLC
Dion Di Miceli / Stuart Muress
BarclaysInvestmentCompanies@barclays.com
+44 20 7623 2323
Liberum Capital Limited
Darren Vickers / Owen Matthews
ejfinvestments@liberum.com
+44 203 100 2222
About EJF Investments Ltd
EJFI's objective is to provide shareholders with attractive risk
adjusted returns through regular dividends and capital growth over
the long term. EJFI generates exposure primarily to a diversified
portfolio of loans issued by financial institutions and related or
similar assets in the U.S., U.K. and Europe.
EJFI currently invests primarily in Equity Tranches of CDOs
structured by an affiliate of EJF Capital LLC, providing levered
exposure to a highly diversified portfolio of securities issued by
U.S. financial institutions (banks and insurance companies), these
being Risk Retention Investments.
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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