Results of AGM

RNS Number : 8948R

EJF Investments Ltd

02 July 2020

 

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 AND THE Republic of Ireland), AUSTRALIA, CANADA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

2 July 2020

EJF Investments Ltd (the "Company")

Results of AGM

The Company announces that at the Annual General Meeting held on 2 July 2020 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 2019 be received and adopted.	34,654,346 100%	0 0%	0
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 2019) be approved.	34,654,346 100%	0 0%	0
Resolution 3 THAT Joanna Dentskevich be re-elected as a director of the Company.	34,654,346 100%	0 0%	0
Resolution 4 THAT Alan Dunphy be re-elected as a director of the Company.	34,654,346 100%	0 0%	0
Resolution 5 THAT Nick Watkins be re-elected as a director of the Company.	34,654,346 100%	0 0%	0
Resolution 6 THAT Neal J. Wilson be re-elected as a director of the Company.	34,654,346 100%	0 0%	0
Resolution 7 THAT the Company's dividend policy to continue to pay quarterly interim dividends per financial year (which, in the financial year ending 31 December 2019, have totalled 10.7 pence per Ordinary Share) be approved.	34,654,346 100%	0 0%	0
Resolution 8 THAT KPMG LLP be appointed as auditor of the Company to hold office from the conclusion of the AGM to the next annual general meeting of the Company.	34,654,346 100%	0 0%	0
Resolution 9 THAT the Audit Committee be authorised for and on behalf of the Board to determine the remuneration of KPMG LLP as the Company's auditor.	34,654,346 100%	0 0%	0

SPECIAL RESOLUTIONS	FOR	AGAINST	WITHHELD
Resolution 10 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.	34,654,346 100%	0 0%	0
Resolution 11 THAT the Directors be authorised to allot and issue (or sell Ordinary Shares from treasury) up to 7,695,371 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.	34,654,346 100%	0 0%	0
Resolution 12 THAT in addition to the authority granted pursuant to Resolution 11, the Directors be authorised to allot and issue (or to sell Ordinary Shares from treasury) up to 7,695,371 Ordinary Shares, representing approximately a further 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 no apply.	32,956,810 95.10%	1,697,536 4.90%	0

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 Extraordinary General Meeting dated 29 May 2020, 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 / Hammad Khan / Matt Gill

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

[phone] / [phone] / [phone]

For the Company Secretary and Administrator

BNP Paribas Securities Services S.C.A Jersey Branch

[e-mail]

[phone]/ [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 https://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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