REG - EJF Investments Ltd EJF Investments-EJFZ - Results of AGM

EJF InvestmentsAnnouncement

06/06/2024 17:00

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RNS Number : 4792R  EJF Investments Ltd  06 June 2024

 

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                                                                     32,945,581  20,000   2,120

 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.                                                                     99.94%      0.06%
 Resolution 2                                                                     32,944,041  21,540   2,120

 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.                                                               99.93%      0.07%
 Resolution 3                                                                     32,866,145  99,436   2,120

 THAT Alan Dunphy be re-elected as a director of the Company.

                                                                                  99.70%      0.30%
 Resolution 4                                                                     32,867,685  97,896   2,120

 THAT Nick Watkins be re-elected as a director of the Company.

                                                                                  99.70%      0.30%
 Resolution 5                                                                     32,866,130  101,556  0

 THAT the aggregate cap per annum for the Directors' remuneration be increased
 from £150,000 to £200,000.

                                                                                  99.69%      0.31%
 Resolution 6                                                                     32,947,701  20,000   0

 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.                  99.94%      0.06%
 Resolution 7                                                                     32,945,581  20,000   2,120

 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.                                                                     99.94%      0.06%
 Resolution 8                                                                     32,945,581  20,000   2,120

 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.                               99.94%      0.06%

 

 SPECIAL RESOLUTIONS                                                              FOR         AGAINST  WITHHELD
 Resolution 9                                                                     32,947,701  20,000   0

 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)    99.94%      0.06%
 and to either cancel or hold in treasury any Ordinary Shares so purchased.
 Resolution 10                                                                    31,829,242  138,459  1,000,000

 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      99.57%      0.43%
 Ordinary Shares held in treasury) as if the pre-emption rights in the Articles
 did not apply.

 

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/
(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
(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
(mailto: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 (mailto: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 (http://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.

 

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