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.
30 July 2021
EJF INVESTMENTS LTD
PDMR Dealings
EJF Investments Ltd ("EJFI" or the "Company") announces in accordance with its Dealing Code that Neal J. Wilson, Chief Executive Officer of EJF Investments Manager LLC, which is the Company's investment manager (the "Manager"), and a non-executive director of the Company, Co-Chief Executive Officer of EJF Capital LLC, which is the sole owner of the voting rights of the Manager ("EJF Capital"), and a "person discharging managerial responsibilities" (a "PDMR") for the purposes of Regulation (EU) No 596/2014 on Market Abuse ("MAR"), unconditionally agreed on 30 July 2021 to acquire 70,750 Ordinary Shares in the Company at an average price of £1.28 per share from Hammad Khan, Co-Chief Investment Officer of the Manager and the Senior Managing Director, Europe, of EJF Capital Limited, which is wholly owned by EJF Capital, and a PDMR for the purposes of MAR, in a private off-market transaction.
Following the settlement of this transaction:
· Mr Wilson is interested in 1,622,607 Ordinary Shares, representing approximately 2.65% of the issued Ordinary Shares, and 1,000,000 zero dividend preference shares with a redemption date in 2025 ("2025 ZDP Shares"), representing approximately 16.67% of the issued 2025 ZDP Shares.
· Mr Khan is interested in 70,751 Ordinary Shares, representing approximately 0.12% of the issued Ordinary Shares.
Shares in the capital of the Company held in treasury have not been taken into account in the calculation of the above percentages.
The notifications below, made in accordance with the requirements of MAR, provides further detail in relation to the above transaction:
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| (a) | Name
| Neal J. Wilson | |
| 2 | Reason for the notification
| ||
| (a) | Position/status
| Chief Executive Officer of the Manager, a Non-Executive Director of the Company, and Co-Chief Executive Officer of EJF Capital | |
| (b) | Initial notification/Amendment
| Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| (a) | Name
| EJF Investments Ltd | |
| (b) | LEI
| 549300XZYEQCLA1ZAT25 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| (a) | Description of financial instrument, type of instrument
Identification code
| Ordinary Shares of no par value
JE00BF0D1M25
| |
| (b) | Nature of the transaction
| Acquisition of Ordinary Shares | |
| (c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.28 | 70,750 | ||
| (d) | Aggregate information
· Aggregated volume
· Price
|
70,750
£90,560.00 | |
| (e) | Date of transaction
| 30 July 2021 | |
| (f) | Place of transaction
| Off-market | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| (a) | Name
| Hammad Khan | |
| 2 | Reason for the notification
| ||
| (a) | Position/status
| Co-Chief Investment Officer of the Manager and the Senior Managing Director, Europe, of EJF Capital Limited | |
| (b) | Initial notification/Amendment
| Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| (a) | Name
| EJF Investments Ltd | |
| (b) | LEI
| 549300XZYEQCLA1ZAT25 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| (a) | Description of financial instrument, type of instrument
Identification code
| Ordinary Shares of no par value
JE00BF0D1M25
| |
| (b) | Nature of the transaction
| Sale of Ordinary Shares | |
| (c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.28 | 70,750 | ||
| (d) | Aggregate information
· Aggregated volume
· Price
|
70,750
£90,560.00 | |
| (e) | Date of transaction
| 30 July 2021 | |
| (f) | Place of transaction
| Off-market | |
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Hammad Khan / Matt Gill
pstage@ejfcap.com / hkhan@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 1534 813 996
For the Broker
Numis Securities Limited
David Luck
d.luck@numis.com
+44 20 7260 1301
About EJF Investments Ltd
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.
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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