JZ Capital Partners Ltd - Transaction in Own Shares
October 01 2018 - 1:20PM
PR Newswire (US)
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 |
56,607 |
ordinary |
shares, at
a price of |
462.00 |
per share.
The Company intends to |
cancel all
of the purchased shares |
and so,
following the purchases, the Company has |
82,781,005 |
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: |
|
|
|
01/10/2018 |
|
|
Number of
ordinary shares purchased: |
|
30,000 |
|
|
Weighted
average price: |
|
|
462.00 |
pence |
|
Lowest
price per share: |
|
|
|
462.00 |
pence |
|
Highest
price per share: |
|
|
|
462.00 |
pence |
|
Volume
weighted average price per ordinary share: |
Trading
venue: |
|
|
|
JPSI |
|
|
Aggregate
volume per date per trading venue: |
|
30,000 |
|
|
Weighted
average price per day per trading venue: |
|
462.00 |
pence |
|
As a consequence of the above on-market purchases the Company also
has made off-market repurchases |
of |
26,607 |
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. |
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 Services
(Guernsey) Limited
Company Secretary |
Guernsey_Board_Relationship_Team@ntrs.com |
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 |
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