TIDMEJFI TIDMEJFZ

RNS Number : 8527P

EJF Investments Ltd

22 June 2022

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.

22 June 2022

EJF Investments Ltd (the "Company")

Results of AGM

The Company announces that at the Annual General Meeting held on 22 June 2022 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                18,516,120      0 
  ended 31 December 2021 be 
  received and adopted.                     100%         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            18,497,611    3,509 
  ended 31 December 2021) 
  be approved.                             99.98%      0.02%     15,000 
                                        -----------  --------  ---------- 
 Resolution 3 
  THAT Joanna Dentskevich                18,516,079     41 
  be re-elected as a director 
  of the Company.                           100%         0%         0 
                                        -----------  --------  ---------- 
 Resolution 4                            18,516,079     41 
  THAT Alan Dunphy be re-elected 
  as a director of the Company.             100%         0%         0 
                                        -----------  --------  ---------- 
 Resolution 5                            18,516,079     41 
  THAT Nick Watkins be re-elected 
  as a director of the Company.             100%         0%         0 
                                        -----------  --------  ---------- 
 Resolution 6                            17,432,989     41 
  THAT Neal J. Wilson be re-elected 
  as a director of the Company.             100%         0%     1,083,090 
                                        -----------  --------  ---------- 
 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 2021, have totalled        18,516,120      0 
  10.7 pence per Ordinary 
  Share) be approved.                       100%         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 conclusion of the next             18,516,120      0 
  annual general meeting of 
  the Company.                              100%         0%         0 
                                        -----------  --------  ---------- 
 Resolution 9 
  THAT the Audit and Risk 
  Committee be authorised 
  for and on behalf of the 
  Board to determine the remuneration    18,501,120      0 
  of KPMG LLP as the Company's 
  auditor.                                  100%         0%      15,000 
                                        -----------  --------  ---------- 
 
 
 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               18,512,652     3,468 
  hold in treasury any Ordinary 
  Shares so purchased.                    99.98%       0.02%        0 
                                       -----------  ----------  --------- 
 Resolution 11 
  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 Ordinary 
  Shares held in treasury) 
  as if the pre-emption rights          18,379,152    136,968 
  in the Articles did not 
  apply.                                  99.26%       0.74%        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 7,695,370 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    15,107,301   3,408,819 
  rights in the Articles did 
  not apply.                              81.59%       18.41%       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 Annual General Meeting dated 27 May 2022, 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 / Matt Gill

pstage@ejfcap.com / mgill@ejfcap.com

+44 203 752 6775 / +44 203 752 6776

For the Company Secretary and Administrator

BNP Paribas Securities Services S.C.A Jersey Branch

jersey.bp2s.ejf.cosec@bnpparibas.com

+44 1534 709 198 / +44 1534 813 996

For the Broker

Liberum Capital Limited

Darren Vickers / Owen Matthews / Lydia Zychowska

+44 203 100 2222

About EJF Investments Limited

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.

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.

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END

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June 22, 2022 11:17 ET (15:17 GMT)

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