5 May 2022 14:50
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.
5 May 2022
EJF Investments Ltd
Result of Rollover Offer
On 4 April 2022, EJF Investments Ltd ("EJFI" or the "Company) published a prospectus (the "Prospectus") containing details of a rollover offer (the "Rollover Offer") to convert existing 2022 ZDP shares (the "2022 ZDP Shares") into new 2025 ZDP shares ("New 2025 Rollover ZDP Shares") as well as a placing programme ("Placing Programme") of up to 70 million New Ordinary Shares and/or New C Shares and up to 25 million New 2025 Placing ZDP Shares.
Further to the Rollover Offer, valid elections were received from 2022 ZDP Shareholders by the Closing Date in respect of a total of 10,021,292 2022 ZDP Shares (representing approximately 66.8 per cent. of the total number of 2022 ZDP Shares in issue). Subject to the satisfaction of the conditions of the Rollover Offer, 10,996,857 New 2025 Rollover ZDP Shares will be issued, on the basis of each 2022 ZDP Share converting into 1.09735 New 2025 Rollover ZDP Shares.
Application will be made for the New 2025 Rollover ZDP Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange. Dealings are expected to commence at 8.00 a.m. on 10 May 2022. It is anticipated that CREST accounts will be credited (where applicable) on the same day. New share certificates in respect of the New 2025 Rollover ZDP Shares and any balancing share certificates in respect of 2022 ZDP Shares will be issued as soon as practicable following Admission.
Terms used and not defined in this announcement bear the meaning given to them in the Prospectus dated 4 April 2022.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Matt Gill
pstage@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 1481 750 822
For the Broker
Liberum Capital Limited
Darren Vickers / Owen Matthews / Lydia Zychowska
+44 203 100 2222
About EJF Investments Limited
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.
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.