JZ Capital Ptnrs Ltd Result of CULS Meeting, Separate General Meetings & EGM

 
TIDMJZCP TIDMJZCC TIDMJZCN 
 
16 May 2017 
 
                  JZ CAPITAL PARTNERS LIMITED (the "Company") 
   (a closed-end collective investment scheme incorporated as a non-cellular 
   company with limited liability under the laws of Guernsey with registered 
                                 number 48761) 
 
         Results of Meeting of CULS Holders, Separate General Meetings 
                       and Extraordinary General Meeting 
 
The Board of Directors of the Company is pleased to announce that the 
resolutions proposed at the Meeting of CULS Holders, the Separate General 
Meetings and the Extraordinary General Meeting were duly passed without 
amendment by the required majorities. 
 
Further details of the resolutions are set out in the Circular and, in the case 
of the resolution proposed at the Meeting of CULS Holders, the CULS Circular. 
 
Accordingly, the Company's existing dividend policy has been discontinued and 
the new strategy is adopted. Under the new strategy, purchases by the Company 
of its Ordinary Shares will be undertaken when opportunities in the market 
permit, and as the Company's cash resources allow. Naturally the Board will 
have regard at the relevant time to the best interests of the Company in 
determining the application of cash resources and where other applications are 
required or seem appropriate, such as in other investments or the repayment of 
debt, the cash will be applied accordingly. The new strategy will be kept under 
review by the Board, particularly with regard to the level of the discount to 
net asset value of the Company's Ordinary Shares. When the discount no longer 
justifies the continuation of the strategy the Board will consider returning to 
the payment of dividends. The Company does not intend to declare or pay a 
second interim dividend to Ordinary Shareholders for the financial year ending 
28 February 2017. 
 
Meeting of CULS Holders 
 
For information, the following proxy votes (which should be read alongside the 
Notice of Meeting of CULS Holders) were received prior to the Meeting of CULS 
Holders: 
 
           Votes for   Percentage of     Votes    Percentage of votes     Votes 
                       votes cast for   against       cast against      withheld 
 
Resolution 3,231,113        100%           0               0%               0 
 
Note: A vote withheld is not a vote in law and has not been counted in the 
votes for or against the resolution. 
 
Separate General Meeting of Ordinary Shareholders 
 
For information, the following proxy votes (which should be read alongside the 
Notice of Separate General Meeting of Ordinary Shareholders) were received 
prior to the Separate General Meeting of Ordinary Shareholders: 
 
           Votes for    Percentage of     Votes    Percentage of votes    Votes 
                       votes cast for    against      cast against      withheld 
 
Resolution 67,197,185      99.99%          708           0.001%             0 
 
Note: A vote withheld is not a vote in law and has not been counted in the 
votes for or against the resolution. 
 
Separate General Meeting of ZDP Shareholders 
 
For information, the following proxy votes (which should be read alongside the 
Notice of Separate General Meeting of ZDP Shareholders) were received prior to 
the Separate General Meeting of ZDP Shareholders: 
 
           Votes for   Percentage of     Votes    Percentage of votes     Votes 
                       votes cast for   against       cast against      withheld 
 
Resolution 6,904,874        100%           0               0%               0 
 
Note: A vote withheld is not a vote in law and has not been counted in the 
votes for or against the resolution. 
 
Extraordinary General Meeting 
 
For information, the following proxy votes (which should be read alongside the 
Notice of Extraordinary General Meeting) were received prior to the 
Extraordinary General Meeting: 
 
           Votes for    Percentage of    Votes    Percentage of votes    Votes 
                       votes cast for   against      cast against       withheld 
 
Resolution 77,310,100      99.97%        23,908          0.03%             0 
1 
 
Resolution 70,916,251      99.97%        23,908          0.03%             0 
2 
 
Resolution 70,916,251      99.97%        23,908          0.03%             0 
3 
 
Resolution 31,813,601      99.92%        23,908          0.08%         39,102,650 
4 
 
Note: A vote withheld is not a vote in law and has not been counted in the 
votes for or against the resolutions. 
 
Copies of the resolutions are available on the National Storage Mechanism at: 
www.morningstar.co.uk/uk/nsm. 
 
Unless defined herein, capitalised terms used in this announcement shall have 
the meaning attributed to them in the Circular or the CULS Circular published 
by the Company on 20 April 2017, as applicable. 
 
For further information: 
 
William Simmonds                        [phone] 
J.P. Morgan Cazenove 
 
Ed Berry / Kit Dunford                  [phone] / 1143 
FTI Consulting 
David Macfarlane 
JZ Capital Partners Limited 
 
David Zalaznick                         [phone] 
Jordan/Zalaznick Advisers, Inc. 
 
Rebecca Booth / Teresa Le Couteur-Tembo [phone] 
Northern Trust International Fund 
Administration Services (Guernsey) 
Limited 
 
About JZCP 
 
JZCP is a London listed fund which invests in US and European micro-cap 
companies and US real estate. Its objective is to achieve an overall return 
comprised of a current yield and capital appreciation. JZCP receives investment 
advice from Jordan/Zalaznick Advisers, Inc. ("JZAI") which is led by David 
Zalaznick and Jay Jordan. They have worked together for 30 years and are 
supported by teams of investment professionals in New York, Chicago, London and 
Madrid. JZAI's experts work with the existing management of micro-cap companies 
to help build better businesses, create value and deliver strong returns for 
investors. JZCP also invests in mezzanine loans, first and second lien 
investments and other publicly traded securities. For more information please 
visit www.jzcp.com. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 16, 2017 11:22 ET (15:22 GMT)