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.
24 December 2024
EJF INVESTMENTS LTD
Notification of transactions by persons discharging managerial responsibilities
EJF Investments Ltd ("EJFI" or the "Company") announces that, in accordance with its dealing code, John Kingston III, Chairman of the Board of Directors of the Company and a "person discharging managerial responsibilities" (a "PDMR") for the purposes of Regulation (EU) No 596/2014 on Market Abuse as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), conditionally agreed to purchase an aggregate of 193,368 ordinary shares of no par value in the Company ("Ordinary Shares") on 23 December 2024 at a price of £1.225 per share in private transactions.
Following the settlement of the transactions, John Kingston III will be interested in 163,368 Ordinary Shares, representing approximately 0.27% 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 percentage.
The notification 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 ("PDMR") / person closely associated ("PCA") | ||
| (a) | Name | John Kingston III | |
| 2 | Reason for the notification | ||
| (a) | Position/status | Chairman | |
| (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
JE00BF0D1M25 | |
| (b) | Nature of the transaction | Purchase of Ordinary Shares | |
| (c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £1.225 | 117,376 | ||
| £1.225 | 40,000 | ||
| £1.225 | 5,992 | ||
| (d) | Aggregate information
· Aggregated volume
· Price |
163,368
£200,125.80 | |
| (e) | Date of transaction | 23 December 2024 | |
| (f) | Place of transaction | Off-market | |
ENQUIRIES
For the Manager
EJF Investments Manager LLC
Adeeb Ahmed / Jay Ghatalia
aahmed@ejfcap.com / jghatalia@ejfcap.com
+44 203 752 6774 / +44 203 752 6776
For the Company Secretary and Administrator
Apex Financial Services (Alternative Funds) Limited
EJFIcosec@apexgroup.com
+44 204 549 0721
For the Brokers
Barclays Bank PLC
Dion Di Miceli / Stuart Muress
BarclaysInvestmentCompanies@barclays.com
+44 20 7623 2323
Panmure Liberum
Darren Vickers
ejfinvestments@liberum.com
+44 203 100 2222
About EJF Investments Ltd
EJFI's objective is to provide shareholders with attractive risk adjusted returns through regular dividends and capital growth over the long term. EJFI generates exposure primarily to a diversified portfolio of loans issued by financial institutions and related or similar assets in the U.S., U.K. and Europe.
EJFI currently invests primarily in CDO Equity Tranches structured by an affiliate of EJF Capital LLC, providing levered exposure to a highly diversified portfolio of securities issued by U.S. financial institutions (banks and insurance companies), these being Risk Retention Investments.
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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