Director/PDMR Shareholding - Replacement

RNS Number : 5696L

EJF Investments Ltd

27 December 2018

 

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 UNITED KINGDOM), AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

24 December 2018

EJF Investments Ltd

PDMR Dealings

EJF Investments Ltd. (the "Company") announces that, in accordance with its Dealing Code, Cheetah Holdings Ltd., a charitable foundation co-founded by Emanuel J. Friedman, the Co-Chief Investment Officer of EJF Investments Manager LLC, the Company's Investment Manager, acquired 385,038 ordinary shares in the Company at an average price of 181.8 pence per share. 42,500 of the ordinary shares were purchased through secondary dealings on the London Stock Exchange and 342,538 from treasury.

Mr. Friedman is a "person discharging managerial responsibilities" for the purposes of Regulation (EU) No 596/2014 on Market Abuse ("MAR").

Following settlement of this transaction, Cheetah Holdings Limited is interested in 11,117,344 ordinary shares, representing approximately 17.3% of the issued shares in that class of shares in the capital of the Company.

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
(a)	Name	Cheetah Holdings Ltd.
2	Reason for the notification
(a)	Position/status	Cheetah Holdings Ltd is a charitable foundation co-founded by Emanuel J. Friedman, the Co-Chief Investment Officer of EJF Investments Manager LLC, the Company's Investment Manager
(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	Purchase of ordinary shares
(c)	Price(s) and volume(s)	Price(s) 181.8p Volume(s) 385,038
(d)	Aggregate information · Aggregated volume · Price	385,038 £699,999
(e)	Date of transaction	24 December 2018
(f)	Place of transaction	London Stock Exchange

 

ENQUIRIES

For the Investment Manager

EJF Investments Manager LLC

Peter Stage / Hammad Khan / Matt Gill

[e-mail] / [e-mail] / [e-mail]

[phone] / [phone] / [phone]

For the Company Secretary and Administrator Crestbridge Fund Administrators Limited [e-mail]

[phone]

For the Broker

Numis Securities Limited David Luck [e-mail]

[phone]

About EJF Investments Ltd

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.

 

END

 

 

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