REG - EJF Investments Ltd EJF Investments-EJFZ - Update to composition of the Board of Directors

EJF InvestmentsAnnouncement

25/08/2023 16:45

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RNS Number : 5180K  EJF Investments Ltd  25 August 2023

FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
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CANADA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

25 August 2023

EJF Investments Ltd ("EJFI" or the "Company")

Update on the composition of the Board of Directors

 

EJFI, which provides investors exposure to primarily a diversified portfolio
of debt issued by smaller U.S. banks and insurance companies, announces that
Neal Wilson has today retired from his role as a Director of the Company with
immediate effect.

 

Following Mr. Wilson's retirement, a replacement director will not be
appointed and the Board of EJFI will be comprised of the three existing
independent directors.

 

Recognising the valuable skills and investment experience that he brings, Mr.
Wilson will remain on the Board of EJFI's wholly owned investment holding
subsidiary, EJF Investments Holdings Limited ("EJFIH").  EJFI will also
continue to indirectly benefit from Mr. Wilson's expertise through his
continuing senior executive roles as role as an officer (CEO) of the Manager
and an officer and director of other affiliates of the Manager. Any conflicts
of interest that may arise at the level of the EJFIH board will continue to be
managed in accordance with the Group's conflicts policies. Mr. Wilson will
continue to waive the right to receive any compensation in respect of his role
as a director of EJFIH.

 

The Board considers this change to be in the best interests of the Company,
its shareholders and stakeholders as it brings the Company into alignment with
best practice corporate governance whilst ensuring that it continues to
indirectly benefit from the asset management skills and expertise that Mr.
Wilson has to offer, both through his continuing seat on the EJFIH board and
his executive role at the Manager.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Dean Plowman of BNP Paribas S.A., Jersey Branch,
Company Secretary.

 

ENQUIRIES

For the Manager

EJF Investments Manager LLC

Peter Stage / Jay Ghatalia

pstage@ejfcap.com / jghatalia@ejfcap.com

+44 203 752 6775 / +44 203 752 6776

 

For the Company Secretary and Administrator

BNP Paribas S.A., Jersey Branch

jersey.bp2s.ejf.cosec@bnpparibas.com

+44 1534 709 198/ +44 1534 813 967

 

For the Broker

Barclays Bank PLC

Dion Di Miceli / Stuart Muress

BarclaysInvestmentCompanies@barclays.com

 +44 20 7623 2323

 

Liberum Capital Limited

Darren Vickers / Owen Matthews

ejfinvestments@liberum.com

+44 203 100 2222

 

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 Equity Tranches of CDOs 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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