TIDMEJFI TIDMEJFZ
RNS Number : 1559A
EJF Investments Ltd
25 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.
25 September 2020
EJF INVESTMENTS LTD
PDMR Dealings
EJF Investments Ltd ("EJFI" or the "Company") announces in
accordance with its Dealing Code that 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"),
sold 157,400 zero dividend preference shares in the Company with a
redemption date in 2022 ("2022 ZDP Shares") on 23 September 2020 at
a price of 115 pence per share through secondary dealings on the
London Stock Exchange; and
Following the settlement of this transaction, Neal J. Wilson has
sold all of his 2022 ZDP Shares. Mr. Wilson retains his interest in
1,495,758 ordinary shares, representing approximately 2.45% of the
issued ordinary 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.
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 Zero dividend preference shares with
instrument, type of a redemption date in 2022 ("2022 ZDP
instrument Shares")
Identification code
JE00BDG12N48
---------------------------------------- ---------------------------------------------
(b) Nature of the transactions Sale of 157,400 2022 ZDP Shares
---------------------------------------- ---------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ---------------------
GBP1.15 157,400
--------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 157,400
GBP181,010
* Price
---------------------------------------- ---------------------------------------------
(e) Date of transactions 23 September 2020
---------------------------------------- ---------------------------------------------
(f) Place of transactions London Stock Exchange
---------------------------------------- ---------------------------------------------
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHUVVKRRKUKURR
(END) Dow Jones Newswires
September 25, 2020 06:00 ET (10:00 GMT)
Ejf Investments (LSE:EJFI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ejf Investments (LSE:EJFI)
Historical Stock Chart
From Apr 2023 to Apr 2024