Notification of transactions by PDMR and PCA
Updated : 16:24
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.
9 December 2024
EJF INVESTMENTS LTD
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
EJF Investments Ltd ("EJFI" or the "Company") announces that, in accordance with its dealing code, EJF Capital Limited, a wholly-owned subsidiary of EJF Capital LLC and a "person closely associated" with EJF Investments Manager LLC, the Company's investment manager (the "Manager"), acquired 37,951 ordinary shares of no par value in the Company (the "Ordinary Shares") at a price of £1.106 per share through secondary dealings on the London Stock Exchange on 18 November 2024. Due to an administrative oversight, the transaction was not notified by the Manager to the Company until 6 December 2024.
The Manager is a "person discharging managerial responsibilities" (a "PDMR") for the purposes of Regulation (EU) No 596/2014 on Market Abuse ("MAR").
Following the settlement of this transaction, EJF Capital Limited is interested in 1,964,063 Ordinary Shares, representing approximately 3.21% of the issued shares in that class of shares in the capital of the Company.
Shares in the capital of the Company held in treasury have not been taken into account in the calculation of the above percentage.
The notification below, made in accordance with the requirements of MAR, provides further detail in relation to the above transaction:
1 | Details of the person discharging managerial responsibilities / person closely associated ("PCA") | ||
(a) | Name | EJF Capital Limited | |
2 | Reason for the notification | ||
(a) | Position/status | PCA being a wholly-owned subsidiary of EJF Capital LLC | |
(b) | Initial notification/Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
(a) | Name | EJF Investments Ltd | |
(b) | LEI | 549300XZYEQCLA1ZAT25 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of financial instrument, type of instrument
Identification code: | Ordinary Shares of no par value
JE00BF0D1M25 | |
(b) | Nature of the transaction | Acquisition of Ordinary Shares | |
(c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£1.106 | 37,951 | ||
(d) | Aggregate information
· Aggregated volume
· Price |
37,951
£41,973.81 | |
(e) | Date of transaction | 18 November 2024 | |
(f) | Place of transaction | London Stock Exchange (XLON) | |
ENQUIRIES
For the Manager
EJF Investments Manager LLC
Adeeb Ahmed / Jay Ghatalia
aahmed@ejfcap.com / jghatalia@ejfcap.com
+44 203 752 6774 / +44 203 752 6776
For the Company Secretary and Administrator
Apex Financial Services (Alternative Funds) Limited
EJFIcosec@apexgroup.com
+44 204 549 0721
For the Brokers
Barclays Bank PLC
Dion Di Miceli / Stuart Muress
BarclaysInvestmentCompanies@barclays.com
+44 20 7623 2323
Panmure Liberum
Darren Vickers
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.