RED BANK, N.J., Oct. 3, 2017 /PRNewswire/ -- ZAIS Group Holdings,
Inc. (NASDAQ: ZAIS) ("ZAIS" or the "Company") today announced that
its Board of Directors determined to postpone the Company's 2017
annual meeting of stockholders (the "Annual Meeting"), previously
scheduled for November 7, 2017. The
Company's Board of Directors determined it is in the best interest
of the Company's shareholders to postpone the Annual Meeting until
the Special Committee of the Board of Directors (the "Committee")
and its advisors have reviewed and evaluated, and obtained further
information concerning, the proposal with respect to the Company's
Class A common stock contained in a letter, dated September 5, 2017, to the Committee from
Christian Zugel, as previously
reported by the Company on September 7,
2017.
At a later date, the Company will provide information related to
a rescheduled Annual Meeting or a special meeting in lieu
thereof.
ABOUT ZAIS GROUP HOLDINGS, INC.
ZAIS (NASDAQ: ZAIS) owns a majority interest in, and is the
managing member of, ZAIS Group Parent, LLC ("ZGP"). ZGP is the sole
member of ZAIS Group, an investment advisory and asset management
firm focused on specialized credit strategies with approximately
$3.752 billion of assets under
management as of June 30, 2017. Based
in Red Bank, New Jersey, with
operations in London, ZAIS Group
employs professionals across investment management, client
relations, information technology, analytics, finance, law,
compliance, risk management and operations. To learn more, visit
www.zaisgroup.com.
Important Additional Information
The Company intends to file a proxy statement and white proxy
card with the U.S. Securities and Exchange Commission (the "SEC")
in connection with the solicitation of proxies from the Company's
shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED
TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT
INFORMATION. Information regarding the ownership of the Company's
directors and executive officers in Company stock and other equity
is included in our SEC filings on Forms 3, 4, and 5, which can be
found through the Company's website www.zaisgroup.com in the
section "ZAIS SHAREHOLDERS" or through the SEC's website at
www.sec.gov. Information can also be found in the Company's other
SEC filings, including the Company's definitive proxy statement for
the 2016 Annual Meeting of Stockholders and its Annual Report on
Form 10-K for the year 2016. Updated information regarding the
identity of potential proxy participants, and their direct or
indirect interests, by security holdings or otherwise, will be set
forth in the definitive proxy statement and other materials to be
filed with the SEC in connection with the 2017 Annual Meeting or a
special meeting in lieu thereof. Shareholders will be able to
obtain any proxy statement, any amendments or supplements to the
proxy statement and other documents filed by the Company with the
SEC at no charge at the SEC's website at www.sec.gov. Copies
will also be available at no charge at the Company's website at
www.zaisgroup.com in the section "ZAIS SHAREHOLDERS".
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains statements that constitute
"forward-looking statements," as such term is defined in Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and such
statements are intended to be covered by the safe harbor provided
by the same. These statements are generally identified by the use
of words such as "outlook," "believe," "expect," "potential,"
"continue," "may," "will," "should," "could," "would," "seek,"
"approximately," "predict," "intend," "plan," "estimate,"
"anticipate," "opportunity," "pipeline," "comfortable," "assume,"
"remain," "maintain," "sustain," "achieve" or the negative version
of those words or other comparable words. These statements are
based on management's current expectations and beliefs and are
subject to a number of trends and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements; the Company can give no assurance that
its expectations will be attained. Factors that could cause actual
results to differ materially from the Company's expectations
include, but are not limited to: the inability of the Company to
realize the anticipated benefits of the Business Combination, which
may be affected by, among other things, competition, the ability of
the Company to grow and manage growth profitably, and retain its
management and key employees; the ability to rationalize our
expense structure and specifically to exit the residential whole
loan related businesses in an orderly fashion, or at all; the
outcome of the strategic review of the Company's business and
availability of suitable strategic options; the ability of the
Company to negotiate and enter into an agreement for a potential
sale, business combination, going private or other strategic
transaction; the ability of the Company to consummate any potential
strategic transaction and to realize any anticipated benefits of
such transaction; the outcome of any legal proceedings that may be
instituted against the Company or others; the inability to continue
to be listed on the NASDAQ Stock Market; operational expenses and
costs related to being a public company; changes in political,
economic or industry conditions, the interest rate environment or
financial and capital markets, which could result in changes in
demand for products or services or in the value of assets under
management; the relative and absolute investment performance of
advised or sponsored investment products; the availability of
suitable investment opportunities; changes in interest rates;
changes in the yield curve; changes in prepayment rates; the
availability and terms of financing; conditions in the market for
mortgage-related investments; the impact of capital improvement
projects; the impact of future acquisitions or divestitures; the
impact, extent and timing of technological changes and the adequacy
of intellectual property protection; the impact of legislative and
regulatory actions and reforms and regulatory, supervisory or
enforcement actions of government agencies relating to the Company;
terrorist activities and international hostilities, which may
adversely affect the general economy, financial and capital
markets, specific industries, and the Company; the ability to
attract and retain highly talented professionals; the impact of
changes to tax legislation and, generally, the tax position of the
Company; legislative and regulatory changes that could adversely
affect the business of the Company; and other factors, including
those set forth in the Risk Factors section of the Company's Annual
Report on Form 10-K and other reports filed by the Company with the
Securities and Exchange Commission (the "SEC"), copies of which are
available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE ZAIS Group Holdings, Inc.