REG-JZ Capital Partners Ltd: Compulsory Redemption of Shares and Total Voting Rights

JZ Capital PartnersAnnouncement

14/03/2025 08:15

JZ CAPITAL PARTNERS LIMITED (the "Company")

(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)

LEI 549300TZCK08Q16HHU44

 

Compulsory Redemption of Shares and Total Voting Rights

14 March 2025

Unless otherwise defined herein, capitalised terms used in this announcement
have the meanings given to them in the announcement of the Company released on
26 February 2025.

Completion of Compulsory Redemption of Shares

Further to the announcements made by the Company on 7 November 2024 and 26
February 2025, the Company today announces that, on 13 March 2025 (being the
Redemption Date), it effected a compulsory partial Redemption of 7,352,941
Ordinary Shares, which will result in the return of an aggregate amount of
US$29,999,999.28. On this basis, approximately 10.87% of the Company's total
issued share capital has been redeemed pursuant to the Redemption.

The Redemption was effected at a Redemption Price of US$4.08 per Ordinary
Share from all Shareholders pro rata to their existing holdings of Ordinary
Shares as at the close of business on 13 March 2025 (being the Redemption
Record Date). The Redemption Price, which was determined by the Board,
represented the NAV per Ordinary Share as published on 21 February 2025 (being
the most recently published month-end NAV of the Company prior to the
announcement made by the Company on 26 February 2025).

Following the Redemption, the Company now has 60,320,352 Ordinary Shares in
issue and, with effect from today, the Ordinary Shares will trade under the
new ISIN number: GG00BPNZ7G17. Shareholders' existing share certificates for
the Ordinary Shares subject to the Redemption will be cancelled and new
certificates will be issued for the balance of their holding of Ordinary
Shares. It is expected that new share certificates will be dispatched by 1st
class post at the risk of Shareholders by 27 March 2025.

It is expected that payments of Redemption monies will be paid either through
CREST (in the case of Ordinary Shares held in uncertificated form) or by
cheque (in the case of Ordinary Shares held in certificated form) by 27 March
2025.

As mentioned in the announcement made by the Company on 26 February 2025, with
respect to any potential further returns of capital in the longer term,
Shareholders should note that the Board retains absolute discretion as to the
execution, extent and timing of any further potential returns of capital.
Further, the Company remains committed to its investment policy and
specifically the strategy of realising the maximum value of investments and,
having repaid all debt, returning capital to Shareholders, subject always to
retaining sufficient funds to cover existing obligations and support certain
existing investments to maximise their value. To that end, the Company will
continue to assess its ability to make further returns of capital to
Shareholders (as well as the manner in which they are made), and will seek to
do so as and when it has sufficient cash reserves that are not otherwise
required to support its existing investments to maximise value and/or to meet
its existing obligations such as operational expenses.

Total Voting Rights

In accordance with the FCA's Disclosure Guidance and Transparency Rules the
Company also notifies the market of the following:

The total number of Ordinary Shares in issue as at 8.00 a.m. on 14 March 2025
was 60,320,352 with each Ordinary Share carrying the right to one vote.

The Company does not hold any shares in treasury. Therefore, the total number
of voting rights in the Company is 60,320,352.

This figure may be used by Shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

___________________________________________________________________________________

For further information:

 

 Kit Dunford / Ed Berry                                                          +44 (0)7717 417 038 / +44 (0)7703 330 199  
  FTI Consulting                                                                                                            
 David Zalaznick                                                                 +1 212 485 9410                            
  Jordan/Zalaznick Advisers, Inc.                                                                                           
 Emma-Jayne Wherry                                                               +44 (0) 1481 745 724                       
  Northern Trust International Fund Administration Services (Guernsey) Limited                                              

Important Notice

This announcement contains a number of "forward-looking statements".
Generally, the words "will", "may", "should", "continue", "believes",
"expects", "intends", "anticipates", "forecast", "plan" and "project" or in
each case, their negative, or similar expressions identify forward-looking
statements. Such statements reflect the relevant company's current views with
respect to future events and are subject to risks, assumptions and
uncertainties that could cause the actual results to differ materially from
those expressed or implied in the forward-looking statements. Many of these
risks, assumptions and uncertainties relate to factors that are beyond the
companies' abilities to control or estimate precisely, such as future market
conditions, changes in general economic and business conditions, introduction
of competing products and services, lack of acceptance of new products or
services and the behaviour of other market participants. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove to
have been correct. Shareholders should not, therefore, place undue reliance on
these forward-looking statements, which speak only as of the date of this
document. Except as required by applicable law or regulation, the Company
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in this
document to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.



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