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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ejf Investments Ltd | LSE:EJFI | London | Ordinary Share | JE00BF0D1M25 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 1.06% | 95.50 | 92.00 | 99.00 | 98.50 | 94.50 | 94.50 | 20,831 | 13:13:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 18M | 14.26M | 0.2331 | 4.10 | 58.39M |
From Apr 2019 to Apr 2024
TIDMEJFI TIDMEJFZ
RNS Number : 9988Q
EJF Investments Ltd
25 February 2019
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 UNITED KINGDOM), AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
25 February 2019
EJF Investments Ltd
Notification of transactions by directors, persons discharging managerial responsibilities and persons closely associated with them
EJF Investments Ltd. ("EJFI" or the "Company") announces that it was notified on 22 February 2019 (the "Notification Date") that on the same date, EJF Investments Manager LLC (the "Manager"), the Company's investment manager, allocated and distributed 534,135 ordinary shares of no par value in the Company ("Ordinary Shares") held on its behalf to certain of its officers and affiliates in the proportions set out below, in each case for nil consideration (the "Allocations"). The Ordinary Shares the subject of the Allocations were received by the Manager in March 2018 in satisfaction of the incentive fee payable to it by the Company for the incentive fee period ending 31 December 2017.
The Allocations have been made by the Manager in accordance with its own incentive plan.
The Manager is a "person discharging managerial responsibilities" (a "PDMR") for the purposes of Regulation (EU) No 596/2014 on Market Abuse ("MAR").
The Company was also notified on the Notification Date that on the same date, as a consequence of the Allocations:
-- Neal J. Wilson, the Chief Executive Officer of the Manager, a non-executive director of the Company and a PDMR for the purposes of MAR, acquired 106,826 Ordinary Shares from the Manager;
-- Lindsay J. Sparacino, the Co-Chief Investment Officer of the Manager and a PDMR for the purposes of MAR, acquired 53,414 Ordinary Shares from the Manager;
-- Peter A. Stage, the Chief Financial Officer of the Manager and a PDMR for the purposes of MAR, acquired 53,414 Ordinary Shares from the Manager;
-- Hammad W. Khan, the Senior Managing Director, Europe, of the Manager and a PDMR for the purposes of MAR, acquired 53,414 Ordinary Shares from the Manager; and
-- EJF Capital Limited, a wholly-owned subsidiary of EJF Capital LLC and a "person closely associated" with the Manager for the purposes of MAR, acquired 267,067 Ordinary Shares from the Manager.
Each of Mr Wilson, Ms Sparacino, Mr Stage, Mr Khan and EJF Capital Limited have entered into deeds of adherence to the lock-in deed applicable to the Manager and, therefore, the Ordinary Shares acquired by them as set out above are subject to the restrictions set out in such lock-in deed (including, among others, a restriction on transferring any Ordinary Shares received by the Manager pursuant to the amended and restated management agreement dated 30 March 2017 between (among other persons) the Company and the Manager for a period of six months following the date on which the Manager receives any such Ordinary Shares).
Following settlement of these transactions:
-- the Manager is interested in 375,000 zero dividend preference shares with a redemption date in 2022, representing approximately 2.5% of the issued shares in that class of shares in the capital of the Company;
-- Mr Wilson is interested in 1,288,585 Ordinary Shares, representing approximately 2.01% of the issued shares in that class of shares in the capital of the Company, and 375,000 zero dividend preference shares with a redemption date in 2022, representing approximately 2.5% of the issued shares in that class of shares in the capital of the Company;
-- Ms Sparacino is interested in 77,249 Ordinary Shares, representing approximately 0.12% of the issued shares in that class of shares in the capital of the Company;
-- Mr Stage is interested in 53,414 Ordinary Shares, representing approximately 0.08% of the issued shares in that class of shares in the capital of the Company;
-- Mr Khan is interested in 53,414 Ordinary Shares, representing approximately 0.08% of the issued shares in that class of shares in the capital of the Company; and
-- EJF Capital Limited is interested in 267,067 Ordinary Shares, representing approximately 0.42% of the issued shares in that class of shares in the capital of the Company.
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, provide further detail in relation to the above transactions:
Hot Features
Premium
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Neal J. Wilson
---------------------------------------- -----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
(a) Position/status Non-executive director of the Company
and Chief Executive Officer of the Manager
---------------------------------------- -----------------------------------------------
(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 Ordinary shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- -----------------------------------------------
(b) Nature of the transaction Transfer of Ordinary Shares
---------------------------------------- -----------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ----------------------- ----------------------
GBP0.00 106,826
---------------------------------------------------------------------- ----------------------
(d) Aggregate information
* Aggregated volume 106,826
GBP0.00
* Price
---------------------------------------- -----------------------------------------------
(e) Date of transaction 22 February 2019
---------------------------------------- -----------------------------------------------
(f) Place of transaction Secondary
---------------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Lindsay Sparacino
---------------------------------------- ----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
(a) Position/status Co-Chief Investment Officer of the Manager
---------------------------------------- ----------------------------------------------
(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 Ordinary shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- ----------------------------------------------
(b) Nature of the transaction Transfer of Ordinary Shares
---------------------------------------- ----------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- ----------------------
GBP0.00 53,414
--------------------------------------------------------------------- ----------------------
(d) Aggregate information
* Aggregated volume 53,414
GBP0.00
* Price
---------------------------------------- ----------------------------------------------
(e) Date of transaction 22 February 2019
---------------------------------------- ----------------------------------------------
(f) Place of transaction Secondary
---------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Peter Stage
---------------------------------------- ------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
(a) Position/status Chief Financial Officer of the Manager
---------------------------------------- ------------------------------------------
(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 Ordinary shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- ------------------------------------------
(b) Nature of the transaction Transfer of Ordinary Shares
---------------------------------------- ------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- -------------------- --------------------
GBP0.00 53,414
------------------------------------------------------------------- --------------------
(d) Aggregate information
* Aggregated volume 53,414
GBP0.00
* Price
---------------------------------------- ------------------------------------------
(e) Date of transaction 22 February 2019
---------------------------------------- ------------------------------------------
(f) Place of transaction Secondary
---------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Hammad W. Khan
---------------------------------------- ----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
(a) Position/status Senior Managing Director, Europe, of
the Manager
---------------------------------------- ----------------------------------------
(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 Ordinary shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- ----------------------------------------
(b) Nature of the transaction Transfer of Ordinary Shares
---------------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ------------------- -------------------
GBP0.00 53,414
------------------------------------------------------------------ -------------------
(d) Aggregate information
* Aggregated volume 53,414
GBP0.00
* Price
---------------------------------------- ----------------------------------------
(e) Date of transaction 22 February 2019
---------------------------------------- ----------------------------------------
(f) Place of transaction Secondary
---------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name EJF Capital Limited
---------------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
(a) Position/status A wholly-owned subsidiary of EJF Capital
LLC
---------------------------------------- --------------------------------------------
(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 Ordinary shares of no par value
instrument, type of
instrument
JE00BF0D1M25
Identification code
---------------------------------------- --------------------------------------------
(b) Nature of the transaction Transfer of Ordinary Shares
---------------------------------------- --------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- --------------------- ---------------------
GBP0.00 267,067
-------------------------------------------------------------------- ---------------------
(d) Aggregate information
* Aggregated volume 267,067
GBP0.00
* Price
---------------------------------------- --------------------------------------------
(e) Date of transaction 22 February 2019
---------------------------------------- --------------------------------------------
(f) Place of transaction Secondary
---------------------------------------- --------------------------------------------
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 Crestbridge Fund Administrators Limited EJFInvestors.jsy@crestbridge.com
+44 1534 835 600
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 25, 2019 04:15 ET (09:15 GMT)
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