JZ CAPITAL PARTNERS LIMITED (the
"Company" or “JZCP”)
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
48761)
LEI 549300TZCK08Q16HHU44
JZ Capital Partners Limited (the Company) announces today it has
purchased a total of 37,737 ordinary
shares, at a price of 469.50 per share. The Company
intends to cancel all of the purchased shares and so, following the
purchases, the Company has 83,681,094 ordinary shares in issue. The
Company does not hold any ordinary shares in Treasury.
The Company purchased the following number of its ordinary
shares of no par value in the capital of the Company on the London
Stock Exchange through J.P. Morgan Securities plc (the on-market
purchases).
Ordinary
Shares:
Date of purchase: |
JZ
Capital Partners Ltd
06/06/2018 |
|
Number of ordinary
shares purchased: |
20000 |
Weighted average
price: |
469.50 |
pence |
Lowest price per
share: |
470.00 |
pence |
Highest
price per share:
Volume weighted average price per ordinary share: Trading
venue: |
470.00
JPSI |
pence |
Aggregate volume per
date per trading venue: |
15,000 |
|
Weighted average price
per day per trading venue: |
470.00 |
pence |
Lowest price per
share: |
468.00 |
pence |
Highest
price per share: Trading venue:
Aggregate volume per date per trading venue: |
468.00
XOFF 5,000 |
pence |
Weighted average price
per day per trading venue: |
468.00 |
pence |
As a consequence of the above on-market purchases the Company also
has made off-market repurchases of 17,737
ordinary shares (the off-market purchases) from
David W. Zalaznick, John (Jay) W. Jordan II and Edgewater Growth
Capital Partners, in proportion with their current holdings of
ordinary shares in the Company pursuant to and in accordance with
the Company's Articles of Incorporation. The off-market purchases
will be executed at the CFC Buyback Arrangement Price (as defined
in the Company's Circular to shareholders dated 20 April 2017) which is equal to the volume
weighted average price per ordinary share repurchased by J.P Morgan
Securities Plc pursuant to the on-market purchases during the
course of today.
http://www.jzcp.com/investor-relations
For further information:
David
Zalaznick
+1 212 485 9410
Jordan/Zalaznick Advisers,
Inc.
dzalaznick@jzadvisersinc.com
Northern Trust International Fund
Administration
Guernsey_Board_Relationship_Team@ntrs.com
Services (Guernsey) Limited
Company Secretary
About JZCP
JZ Capital Partners (“JZCP”) is one of the oldest closed-end
investment companies listed on the London Stock Exchange. It seeks
to provide shareholders with a return by investing selectively in
US and European microcap companies and US real estate. JZCP
receives investment advice from Jordan/Zalaznick Advisers, Inc.
(“JZAI”) which is led by David
Zalaznick and Jay Jordan.
They have worked together for more than 35 years and are supported
by teams of investment professionals in New York, Chicago, London and Madrid. JZAI’s experts work with the existing
management of microcap companies to help build better businesses,
create value and
deliver strong returns for investors. For more information
please visit
www.jzcp.com