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.
18 December 2024
EJF Investments
Ltd
("EJFI" or the
"Company")
Results of
EGM
The Board of EJFI, which provides
investors exposure to a diversified portfolio of debt issued by
smaller US banks and insurance companies and participation in
certain management fee income streams of EJF Capital LLC ("EJF"),
is pleased to announce that all resolutions put to an Extraordinary
General Meeting held yesterday, 17 December 2024, at the registered
office of the Company were duly passed by the
shareholders.
Total proxy votes of 41,620,357 were
noted at the Extraordinary General Meeting. Details of the proxy
votes noted in respect of each resolution are set out
below:
|
Summary
Resolutions1
|
For /
Discretion2
|
%
|
Against
|
%
|
Withheld
|
|
1. Special Resolution:
That in addition to any existing
authorities, the Company be and is hereby generally and
unconditionally authorised to make market purchases of Ordinary
Shares once in each 12-month period commencing on the date of the
EGM and ending close of business on 11 December 2029, pursuant to
the Liquidity Option described and, inter alia, on the terms and
conditions set out in the Circular.
|
41,586,263
|
99.92
|
34,094
|
0.08
|
0
|
|
2. Special Resolution:
That the directors of the Company be
and are hereby generally and unconditionally authorised to allot
and issue an aggregate of up to 28 million 2029 ZDP Shares on such
terms, in whatever currency and at whatever price they may
determine in connection with the ZDP Placing detailed in the
Circular, such authority to apply until the conclusion of the 2026
annual general meeting of the Company unless previously renewed,
varied or revoked by the Company in a general meeting, save that
the Company may, at any time prior to the expiry of such authority,
make an offer or enter into an agreement which would or might
require the allotment of 2029 ZDP Shares in pursuance of such an
offer or agreement as if such authority had not expired.
|
41,548,061
|
99.89
|
46,401
|
0.11
|
25,895
|
1. The
full text of the resolutions may be found in the
notice of the Extraordinary General Meeting, a copy of which is
available on both the Company's
website https://www.ejfi.com/rns-announcements/
and
on the National Storage
Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
2. Any proxy
appointments which gave discretion to the Chair, or a third party
were voted for the resolution.
In accordance with Listing Rule 9.6.2, the full text
of the special resolutions passed at the Extraordinary General
Meeting has been submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENQUIRIES
For the Investment
Manager
EJF Investments Manager
LLC
Adeeb Ahmed / Jay Ghatalia
aahmed@ejfcap.com /
jghatalia@ejfcap.com
+44 203 752 6774 / +44 203 752
6776
For
the Company Secretary and Administrator
Apex Financial Services (Alternative
Funds) Limited
ejficosec@apexgroup.com
+44 204 549 0721
For
the Broker
Panmure Liberum
Darren Vickers
ejfinvestments@panmureliberum.com
+44 203 100 2222
Barclays Bank PLC
Dion Di Miceli/Stuart
Muress
BarclaysInvestmentCompanies@barclays.com
+44 207 623 2323
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
CDO Equity Tranches 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.