JZ CAPITAL PARTNERS LIMITED (the
"Company" or “JZCP”)
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
48761)
LEI 549300TZCK08Q16HHU44
JZ Capital Partners Limited (the Company) announces today it has
purchased a total of 141,512 ordinary shares, at a
price of 490.00 per share. The Company intends to cancel all of the
purchased shares and so, following the purchases, the Company has
83,718,831 ordinary shares in issue. The Company does not
hold any ordinary shares in Treasury.
The Company purchased the following number of its ordinary
shares of no par value in the capital of the Company on the London
Stock Exchange through J.P. Morgan Securities plc (the on-market
purchases).
Ordinary Shares: |
JZ Capital Partners Ltd |
|
|
Date of purchase: |
17/04/2018 |
Number of ordinary shares
purchased: |
75000 |
Lowest price per share: |
490.00 pence |
Highest price per share: |
490.00 pence |
Volume weighted average price per
ordinary share: |
|
Trading venue: |
JPSI |
Aggregate volume per date per
trading venue: |
50,000 |
Weighted average price per day per
trading venue: |
490.00 pence |
Trading venue: |
XOFF |
Aggregate volume per date per
trading venue: |
25,000 |
Weighted average price per day per
trading venue: |
490.00 pence |
As a consequence of the above on-market purchases the Company also
has made off-market repurchases of 66,512 ordinary
shares (the off-market purchases) from David W. Zalaznick, John
(Jay) W. Jordan II and Edgewater Growth Capital Partners, in
proportion with their current holdings of ordinary shares in the
Company pursuant to and in accordance with the Company's Articles
of Incorporation. The off-market purchases will be executed at the
CFC Buyback Arrangement Price (as defined in the Company's Circular
to shareholders dated 20 April 2017)
which is equal to the volume weighted average price per ordinary
share repurchased by J.P Morgan Securities Plc pursuant to the
on-market purchases during the course of today.
http://www.jzcp.com/investor-relations
For further information:
David
Zalaznick
+1 212 485 9410
Jordan/Zalaznick Advisers, Inc.
dzalaznick@jzadvisersinc.com
Northern Trust International Fund Administration
Guernsey_Board_Relationship_Team@ntrs.com
Services (Guernsey) Limited
Company Secretary
About JZCP
JZ Capital Partners (“JZCP”) is one of the oldest closed-end
investment companies listed on the London Stock Exchange. It seeks
to provide shareholders with a return by investing selectively in
US and European microcap companies and US real estate. JZCP
receives investment advice from Jordan/Zalaznick Advisers, Inc.
(“JZAI”) which is led by David
Zalaznick and Jay Jordan.
They have worked together for more than 35 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 microcap companies to help build better businesses,
create value and
deliver strong returns for investors. For more information
please
visit
www.jzcp.com