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 273,586 ordinary shares, at a price of 475.00
per share. The Company intends to cancel all of the purchased
shares and so, following the purchases, the Company has 83,397,130
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:
Date of purchase: |
JZ
Capital Partners Ltd
12/06/2018 |
|
Number of ordinary
shares purchased: |
145,000 |
Weighted average
price: |
475.00 |
pence |
Lowest price per
share: |
475.00 |
pence |
Highest price per
share: |
475.00 |
pence |
Volume weighted
average price per ordinary share: |
|
|
Trading venue: |
JPSI |
|
Aggregate volume per
date per trading venue: |
145,000 |
|
Weighted average price
per day per trading venue: |
475.00 |
pence |
As a consequence of the above on-market purchases the Company
also has made off-market repurchases of 128,586 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.
http://www.jzcp.com/investor-relations
For further information:
David
Zalaznick
+1 212 485 9410
Jordan/Zalaznick Advisers,
Inc.
dzalaznick@jzadvisersinc.com
Guernsey_Board_Relationship_Team@ntrs.com
Northern Trust International Fund Administration
Services (Guernsey) Limited
Company Secretary
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