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
Monthly Net Asset
Value (“NAV”)
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").
20 March 2023
The unaudited Net Asset Value per Ordinary Share of the Company
as at the close of business on 28 February
2023 was as follows:
| Company Name |
Date |
NAV per Ordinary
Share |
| JZ Capital Partners Limited |
28 February 2023 |
US$ 4.08 |
The Company’s annual results are currently being audited and the
above NAV is therefore subject to change.
JZCP’s NAV at 28 February 2023 is
$4.08 per share ($4.36 per share at 31
January 2023), the decrease in NAV of 28 cents per share is due to net investment
losses of (24) cents, net fx losses
of (3) cents and expenses and finance
costs of (2) cents offset by income
of 1 cent. The main constituent part
of the net investment losses of (24)
cents is the write-off of the principal balance of the
Company's direct loan to Toro Finance from €22.0 million to €1.4
million (representing a reduction of -6.4% of the Company's January
NAV). Toro Finance is a Spanish company that forms part of the
Company's European debt investments which provides short term
receivables finance to the suppliers of major Spanish
companies.
Below is a summary of the Company's assets and liabilities at 28
February 2023:
|
US$'000 |
| Assets |
|
| Private Investments |
258,530 |
| Cash and cash equivalents |
101,659 |
| Other receivables |
222 |
Total Assets |
360,411 |
|
|
| Liabilities |
|
| Senior debt - maturity date 26th
January 2027 |
43,235 |
| Other liabilities |
764 |
Total liabilities |
43,999 |
|
|
| Net Asset Value |
316,412 |
| Number of Ordinary shares in
issue |
77,477,214 |
| Net Asset Value per Ordinary
share |
$4.08 |
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.
Enquiries:
Company website:
www.jzcp.com
Northern Trust International Fund Administration Services
(Guernsey) Limited
Email:
jzcp@ntrs.com