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JZCP Jz Capital Partners Limited

199.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jz Capital Partners Limited LSE:JZCP London Ordinary Share GG00B403HK58 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 199.00 174.00 224.00 212.00 199.00 199.00 2 08:00:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 22.2M 2.65M 0.0342 58.19 154.18M

JZ Capital Ptnrs Ltd JZCP European Micro Cap Investments

21/03/2022 7:00am

UK Regulatory


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

(END) Dow Jones Newswires

March 21, 2022 03:00 ET (07:00 GMT)

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