REG - EJF Investments Ltd EJF Investments-EJFZ - Result of EGM

EJF InvestmentsAnnouncement

18/12/2024 07:00

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RNS Number : 4825Q  EJF Investments Ltd  18 December 2024

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 Resolutions(1)                                                           For / Discretion(2)  %      Against  %     Withheld
 1. Special Resolution:                                                           41,586,263           99.92  34,094   0.08  0

 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.

 2. Special Resolution:                                                           41,548,061           99.89  46,401   0.11  25,895

 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.

 

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/
(https://www.ejfi.com/rns-announcements/)  and on the National Storage
Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(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
(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 (http://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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