TIDMEJFI TIDMEJFZ
RNS Number : 9407Y
EJF Investments Ltd
14 September 2020
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, JAPAN OR ANY
OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
14 September 2020
EJF INVESTMENTS LTD
PDMR Dealings
EJF Investments Ltd ("EJFI" or the "Company") announces the
following transactions in accordance with its Dealing Code:
-- Neal J. Wilson, the Chief Executive Officer of EJF
Investments Manager LLC, the Company's investment manager (the
"Manager"), a non-executive director of the Company, Co-Chief
Executive Officer of EJF Capital LLC, the sole owner of the voting
rights of the Manager ("EJF Capital"), and a "person discharging
managerial responsibilities" (a "PDMR") for the purposes of
Regulation (EU) No 596/2014 on Market Abuse ("MAR") (i)
unconditionally agreed on 10 September 2020 to acquire 31,000
ordinary shares of no par value in the Company at a price of 120
pence per share in a private transaction and (ii) on 11 September
2020 sold 100,000 2022 ZDP shares at an average price of 115 pence
per share through secondary dealings on the London Stock Exchange;
and
-- Cheetah Holdings Ltd., a charitable foundation co-founded by
Emanuel J. Friedman, a voting member of the investment committee of
the Manager and the Co-Chief Executive Officer of EJF Capital, and
a PDMR for the purposes of MAR, agreed on 10 September 2020 to
acquire 64,214 ordinary shares of no par value in the Company at a
price of 120 pence per share in a private transaction.
Following the settlement of these transactions:
-- Neal J. Wilson is interested in 1,495,758 ordinary shares,
representing approximately 2.45% of the issued ordinary shares,
157,400 zero dividend preference shares with a redemption date in
2022 ("2022 ZDP Shares"), representing approximately 1.05% of the
issued 2022 ZDP Shares and 1,000,000 zero dividend preference
shares with a redemption date in 2025 ("2025 ZDP Shares"), which
are subordinate in priority to the 2022 ZDP shares, representing
approximately 16.67% of the issued 2025 ZDP Shares; and
-- Cheetah Holdings Ltd. is interested in 11,616,558 ordinary
shares, representing approximately 19.00% of the issued 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 notification below, made in accordance with the requirements
of MAR, provides further detail in relation to the above
transactions:
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Neal J. Wilson
---------------------------------------- ---------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
(a) Position/status Chief Executive Officer of the Manager,
a Non-Executive Director of the Company,
and Co-Chief Executive Officer of EJF
Capital
---------------------------------------- ---------------------------------------------
(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 transactions Purchase of ordinary shares
---------------------------------------- ---------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ---------------------
GBP1.20 31,000
--------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 31,000
GBP37,200
* Price
---------------------------------------- ---------------------------------------------
(e) Date of transactions 10 September 2020
---------------------------------------- ---------------------------------------------
(f) Place of transactions Off-market
---------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Neal J. Wilson
---------------------------------------- ---------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
(a) Position/status Chief Executive Officer of the Manager,
a Non-Executive Director of the Company
, and Co-Chief Executive Officer of
EJF Capital
---------------------------------------- ---------------------------------------------
(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 2022 zero dividend preference shares
instrument, type of
instrument JE00BDG12N48
Identification code
---------------------------------------- ---------------------------------------------
(b) Nature of the transactions Sale of 2022 ZDP Shares
---------------------------------------- ---------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ---------------------
GBP1.15 100,000
--------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 100,000
GBP115,000
* Price
---------------------------------------- ---------------------------------------------
(e) Date of transactions 11 September 2020
---------------------------------------- ---------------------------------------------
(f) Place of transactions London Stock Exchange, main market (XLON)
---------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Cheetah Holdings Ltd.
---------------------------------------- ------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
(a) Position/status Cheetah Holdings Ltd. is a charitable
foundation co-founded by Emanuel J.
Friedman, a voting member of the investment
committee of the Manager and the Co-Chief
Executive Officer of EJF Capital
---------------------------------------- ------------------------------------------------
(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 transactions Purchase of ordinary shares
---------------------------------------- ------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ----------------------- -----------------------
GBP1.20 64,214
---------------------------------------------------------------------- -----------------------
(d) Aggregate information
* Aggregated volume 64,214
GBP77,057
* Price
---------------------------------------- ------------------------------------------------
(e) Date of transactions 10 September 2020
---------------------------------------- ------------------------------------------------
(f) Place of transactions 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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