REG-JZ Capital Ptnrs Ltd: JZCP European Micro Cap Investments

JZ Capital PartnersAnnouncement

21/03/2022 07:15

JZ CAPITAL PARTNERS LIMITED
(a closed-end collective investment scheme incorporated with limited liability
under the laws of Guernsey with registered number 48761)
LEI: 549300TZCK08Q16HHU44

JZCP European Micro Cap Investments

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF
THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

21 March 2022

JZ Capital Partners Limited ("JZCP" or the "Company") today announces that it
has come to the Board's attention that allegations of fraudulent conduct
potentially affecting JZCP's European micro-cap investments have been made. 
The allegations concern two individuals who were members of the management
team that manages JZCP's investments in European micro-cap companies. A claim
has been made in respect thereof in the New York State Supreme Court. The
claimants are a fund in which JZCP has only an approximate 1% interest carried
at approximately US$0.75m and also a fund in which JZCP has no interest. No
allegations of fraudulent conduct were made against employees of the Company's
investment adviser, Jordan/Zalaznick Advisers, Inc.

Whilst an investigation into the allegations is ongoing and therefore the
information available to the Board at this time remains limited, the Company
has no reason to believe that the alleged conduct will have a material adverse
effect on the Company's investments in its European micro-cap portfolio. The
Board will however make further announcements as and when appropriate once
further information concerning the investigation and any potential impact on
the Company becomes available.

The Company otherwise continues to remain confident of its ability to deliver
on its investment policy including repayment of its debt obligations as they
fall due subject as previously announced to the Company achieving sufficient
realisations of its assets within the relevant timeframes.

Market Abuse Regulation

The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under MAR. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

The person responsible for arranging the release of this announcement on
behalf of the Company is David Macfarlane, Chairman of JZCP.

For further information:

 Ed Berry / Kit Dunford FTI Consulting                                                    +44 (0)7703 330 199 / +44 (0)7717 417 038  
 David Zalaznick Jordan/Zalaznick Advisers, Inc.                                          +1 (212) 485 9410                          
 Sam Walden Northern Trust International Fund Administration Services (Guernsey) Limited  +44 (0) 1481 745385                        

Important Notice

This announcement also includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or comparable
terminology. These forward-looking statements relate to matters that are not
historical facts. By their nature, forward-looking statements involve risks
and uncertainties because they relate to events and depend on circumstances
that may or may not occur in the future. Forward-looking statements are not
guarantees of future performance. The Company's actual investment performance,
results of operations, financial condition, liquidity, policies and the
development of its strategies may differ materially from the impression
created by the forward-looking statements contained in this announcement. In
addition, even if the investment performance, result of operations, financial
condition, liquidity and policies of the Company and development of its
strategies, are consistent with the forward-looking statements contained in
this announcement, those results or developments may not be indicative of
results or developments in subsequent periods. These forward-looking
statements speak only as at the date of this announcement. Subject to their
legal and regulatory obligations, each of the Company, Jordan/Zalaznick
Advisers, Inc. and their respective affiliates expressly disclaims any
obligations to update, review or revise any forward-looking statement
contained herein whether to reflect any change in expectations with regard
thereto or any change in events, conditions or circumstances on which any
statement is based or as a result of new information, future developments or
otherwise.



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