JZCP Jz Capital Partners Limited

 
TIDMJZCP 
 
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP") 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 48761) 
                           LEI 549300TZCK08Q16HHU44 
 
                                Company Update 
 
3 January 2023 
 
JZ Capital Partners Limited, the London listed fund that has investments in US 
and European microcap companies and US real estate, announces that it has come 
to the Board's attention that two separate claims alleging criminal complaints 
have been filed on behalf of certain private entities (some of which are also 
affiliated with defendants named in the New York Supreme Court proceedings 
referred to in the Company's earlier announcement of 21 March 2022) in the 
Spanish courts against a number of entities, including the Company, the 
Company's investment manager and a number of their respective related entities. 
 
Whilst the claims name those entities including the Company, it is not clear at 
this stage the precise legal and factual basis for the claims.  It is also 
noted that the claims are private claims initiated by private entities pursuant 
to Spanish law, which affords private parties the right to submit criminal 
complaints to the courts for investigation.  The claims have not been initiated 
by any prosecutor or regulatory authority, and their effect so far in 
accordance with Spanish procedural law is to result in the initiation of an 
investigation to determine on a preliminary basis the substance of the claims. 
Furthermore, none of the aforementioned entities to the Company's knowledge 
have received formal service or notice in connection with any proceedings 
relating to the claims, and no finding has been made against any of them 
relating to the same. 
 
The Company will make further announcements as and when appropriate but at this 
stage it has no reason to believe the claims will have an adverse effect on the 
Company or its investments. 
 
______________________________________________________________________________________ 
 
For further information: 
 
Kit Dunford / Ed Berry                  +44 (0)7717 417 038 / +44 (0)7703 
FTI Consulting                          330 199 
 
David Zalaznick                         +1 (212) 485 9410 
Jordan/Zalaznick Advisers, Inc. 
 
Hannah Hayward                          +44 (0) 1481 745417 
Northern Trust International Fund 
Administration Services (Guernsey) 
Limited 
 
Important Notice 
 
This announcement includes statements that are, or may be deemed to be, 
"forward-looking statements". These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms 
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or 
"should" or, in each case, their negative or other variations or comparable 
terminology. These forward-looking statements relate to matters that are not 
historical facts. By their nature, forward-looking statements involve risks and 
uncertainties because they relate to events and depend on circumstances that 
may or may not occur in the future. Forward-looking statements are not 
guarantees of future performance. The Company's actual investment performance, 
results of operations, financial condition, liquidity, policies and the 
development of its strategies may differ materially from the impression created 
by the forward-looking statements contained in this announcement. In addition, 
even if the investment performance, result of operations, financial condition, 
liquidity and policies of the Company and development of its strategies, are 
consistent with the forward-looking statements contained in this announcement, 
those results or developments may not be indicative of results or developments 
in subsequent periods. These forward-looking statements speak only as at the 
date of this announcement. Subject to their legal and regulatory obligations, 
each of the Company, Jordan/Zalaznick Advisers, Inc. and their respective 
affiliates expressly disclaims any obligations to update, review or revise any 
forward-looking statement contained herein whether to reflect any change in 
expectations with regard thereto or any change in events, conditions or 
circumstances on which any statement is based or as a result of new 
information, future developments or otherwise. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 03, 2023 02:00 ET (07:00 GMT)

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