FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE
UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA
(OTHER THAN THE REPUBLIC OF IRELAND), AUSTRALIA, CANADA, SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO.
06 June
2024
EJF Investments Ltd (the
"Company")
Results of AGM
The Company announces that at the Annual
General Meeting held on 06 June 2024 the below resolutions were
duly passed via a poll (which incorporated proxy votes lodged in
advance of the meeting), the results of which are as
follows:
|
ORDINARY
RESOLUTIONS
|
FOR
|
AGAINST
|
WITHHELD
|
|
Resolution
1
THAT the report of the directors of the Company
and the annual report and audited financial statements for the year
ended 31 December 2023 be received and adopted.
|
32,945,581
99.94%
|
20,000
0.06%
|
2,120
|
|
Resolution
2
THAT the Directors' remuneration report (which
is set out in the annual report and audited financial statements of
the Company for the year ended 31 December 2023) be
approved.
|
32,944,041
99.93%
|
21,540
0.07%
|
2,120
|
|
Resolution
3
THAT Alan Dunphy be re-elected as a director of
the Company.
|
32,866,145
99.70%
|
99,436
0.30%
|
2,120
|
|
Resolution
4
THAT Nick Watkins be re-elected as a director
of the Company.
|
32,867,685
99.70%
|
97,896
0.30%
|
2,120
|
|
Resolution
5
THAT the aggregate cap per annum for the
Directors' remuneration be increased from £150,000 to
£200,000.
|
32,866,130
99.69%
|
101,556
0.31%
|
0
|
|
Resolution
6
THAT the Company's dividend policy to continue
to pay quarterly interim dividends per financial year (which, in
the financial year ending 31 December 2023, have totalled 10.7
pence per Ordinary Share) be approved.
|
32,947,701
99.94%
|
20,000
0.06%
|
0
|
|
Resolution
7
THAT KPMG LLP be appointed as auditor of the
Company to hold office from the conclusion of the AGM to the
conclusion of the next annual general meeting of the
Company.
|
32,945,581
99.94%
|
20,000
0.06%
|
2,120
|
|
Resolution
8
THAT, conditional on Resolution 7 above being
passed, the Audit and Risk Committee be authorised for and on
behalf of the Board to determine remuneration of KPMG LLP as the
Company's auditor.
|
32,945,581
99.94%
|
20,000
0.06%
|
2,120
|
|
SPECIAL
RESOLUTIONS
|
FOR
|
AGAINST
|
WITHHELD
|
|
Resolution
9
THAT the Company be authorised to purchase up
to 9,165,665 of its own Ordinary Shares, representing approximately
14.99 per cent of the Company's total issued ordinary share capital
(exclusive of Ordinary Shares held in treasury) and to either
cancel or hold in treasury any Ordinary Shares so
purchased.
|
32,947,701
99.94%
|
20,000
0.06%
|
0
|
|
Resolution
10
THAT the Directors be authorised to allot and
issue (or sell Ordinary Shares from treasury) up to 7,695,370
Ordinary Shares, representing approximately 10 per cent of the
Company's total issued ordinary share capital (inclusive of
Ordinary Shares held in treasury) as if the pre-emption rights in
the Articles did not apply.
|
31,829,242
99.57%
|
138,459
0.43%
|
1,000,000
|
Notes:
1. Votes "For" and "Against" are
expressed as a percentage of votes received.
2. A "Vote withheld" is not a vote in
law and is not counted in the calculation of the % of shares voted
"For" or "Against" a resolution.
The full text and details of the resolutions
passed, together with the explanatory notes, are set out in the
Notice of Annual General Meeting dated 17 May 2024, which is
available at https://www.ejfi.com/.
These results will also be made available on
the Company's website and a copy of resolutions passed as special
business will be submitted as soon as practicable to the National
Storage Mechanism and will be available shortly for inspection
at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
ENQUIRIES
For
the Investment Manager
EJF Investments Manager
LLC
Peter Stage / Jay
Ghatalia
pstage@ejfcap.com / jghatalia@ejfcap.com
+44 203 752 6775 / +44 203 752
6776
For
the Company Secretary and Administrator
BNP Paribas S.A., Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 189/ +44 1534 709 108
For the Brokers
Barclays Bank PLC
Dion Di Miceli
Stuart Muress
James Atkinson
BarclaysInvestmentCompanies@barclays.com
+44 207 623 2323
Liberum Capital Limited
Darren Vickers / Owen
Matthews
ejfinvestments@liberum.com
+44 203 100 2222
About EJF Investments
Ltd
EJFI's objective is to provide
shareholders with attractive risk adjusted returns through regular
dividends and capital growth over the long term. EJFI generates
exposure primarily to a diversified portfolio of loans issued by
financial institutions and related or similar assets in the U.S.,
U.K. and Europe.
EJFI currently invests primarily in
CDO Equity Tranches structured by an affiliate of EJF Capital LLC,
providing levered exposure to a highly diversified portfolio of
securities issued by U.S. financial institutions (banks and
insurance companies), these being Risk Retention
Investments.
EJFI is a registered closed-ended
limited liability company incorporated in Jersey under the
Companies (Jersey) Law 1991, as amended, on 20 October 2016 with
registered number 122353. The Company is regulated by the Jersey
Financial Services Commission (the "JFSC"). The JFSC is protected by both
the Collective Investment Funds (Jersey) Law 1988 and the Financial
Services (Jersey) Law 1998, as amended, against liability arising
from the discharge of its functions under such laws.
The JFSC has not reviewed or
approved this announcement.
LEI:
549300XZYEQCLA1ZAT25
Investor information &
warnings
The latest available information on
the Company can be accessed via its website at
www.ejfi.com.
This communication has been issued
by, and is the sole responsibility of, the Company and is for
information purposes only. It is not, and is not intended to be an
invitation, inducement, offer or solicitation to deal in the shares
of the Company. The price and value of shares in the Company and
the income from them may go down as well as up and investors may
not get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.