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
Company Update
3 January 2023
JZ Capital Partners Limited, the London listed fund that has investments in US
and European microcap companies and US real estate, announces that
it has come to the Board's attention that two separate claims
alleging criminal complaints have been filed on behalf of certain
private entities (some of which are also affiliated with defendants
named in the New York Supreme Court proceedings referred to in the
Company's earlier announcement of 21 March
2022) in the Spanish courts against a number of entities,
including the Company, the Company's investment manager and a
number of their respective related entities.
Whilst the claims name those entities including the Company, it
is not clear at this stage the precise legal and factual basis for
the claims. It is also noted that the claims are private
claims initiated by private entities pursuant to Spanish law, which
affords private parties the right to submit criminal complaints to
the courts for investigation. The claims have not been
initiated by any prosecutor or regulatory authority, and their
effect so far in accordance with Spanish procedural law is to
result in the initiation of an investigation to determine on a
preliminary basis the substance of the claims. Furthermore, none of
the aforementioned entities to the Company's knowledge have
received formal service or notice in connection with any
proceedings relating to the claims, and no finding has been made
against any of them relating to the same.
The Company will make further announcements as and when
appropriate but at this stage it has no reason to believe the
claims will have an adverse effect on the Company or its
investments.
______________________________________________________________________________________
For further information:
Kit Dunford / Ed
Berry
FTI Consulting |
+44 (0)7717 417 038 / +44 (0)7703
330 199 |
David Zalaznick
Jordan/Zalaznick Advisers, Inc. |
+1 (212) 485 9410 |
Hannah Hayward
Northern Trust International Fund Administration Services
(Guernsey) Limited |
+44 (0) 1481
745417 |
Important Notice
This announcement 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.