TIDMEJFI TIDMEJFZ
RNS Number : 1277H
EJF Investments Ltd
30 July 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.
30 July 2021
EJF INVESTMENTS LTD
PDMR Dealings
EJF Investments Ltd ("EJFI" or the "Company") announces in
accordance with its Dealing Code that Neal J. Wilson, Chief
Executive Officer of EJF Investments Manager LLC, which is the
Company's investment manager (the "Manager"), and a non-executive
director of the Company, Co-Chief Executive Officer of EJF Capital
LLC, which is 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"), unconditionally agreed on 30 July
2021 to acquire 70,750 Ordinary Shares in the Company at an average
price of GBP1.28 per share from Hammad Khan, Co-Chief Investment
Officer of the Manager and the Senior Managing Director, Europe, of
EJF Capital Limited, which is wholly owned by EJF Capital, and a
PDMR for the purposes of MAR, in a private off-market
transaction.
Following the settlement of this transaction:
-- Mr Wilson is interested in 1,622,607 Ordinary Shares,
representing approximately 2.65% of the issued Ordinary Shares, and
1,000,000 zero dividend preference shares with a redemption date in
2025 ("2025 ZDP Shares"), representing approximately 16.67% of the
issued 2025 ZDP Shares.
-- Mr Khan is interested in 70,751 Ordinary Shares, representing
approximately 0.12% 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 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 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 transaction Acquisition of Ordinary Shares
---------------------------------------- ---------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ---------------------
GBP1.28 70,750
--------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 70,750
GBP90,560.00
* Price
---------------------------------------- ---------------------------------------------
(e) Date of transaction 30 July 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)
---------------------------------------- ---------------------- ----------------------
GBP1.28 70,750
--------------------------------------------------------------------- ----------------------
(d) Aggregate information
* Aggregated volume 70,750
GBP90,560.00
* Price
---------------------------------------- ----------------------------------------------
(e) Date of transaction 30 July 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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