TIDMEJFI TIDMEJFZ

RNS Number : 9018D

EJF Investments Ltd

01 July 2021

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.

1 July 2021

EJF Investments Ltd (the "Company")

Results of AGM

The Company announces that at the Annual General Meeting held on 1 July 2021 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                             34,979,814      0         0 
  THAT the report of the directors 
   of the Company and the annual 
   report and audited financial 
   statements for the year 
   ended 31 December 2020 be 
   received and adopted.                     100%         0% 
                                         -----------  --------  --------- 
 Resolution 2                             34,979,814      0         0 
  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 2020) 
   be approved.                              100%         0% 
                                         -----------  --------  --------- 
 Resolution 3                             34,979,814      0         0 
  THAT Joanna Dentskevich 
   be re-elected as a director 
   of the Company.                           100%         0% 
                                         -----------  --------  --------- 
 Resolution 4                             34,979,814      0         0 
  THAT Alan Dunphy be re-elected 
   as a director of the Company.             100%         0% 
                                         -----------  --------  --------- 
 Resolution 5                             34,979,814      0         0 
  THAT Nick Watkins be re-elected 
   as a director of the Company.             100%         0% 
                                         -----------  --------  --------- 
 Resolution 6                             34,979,814      0         0 
  THAT Neal J. Wilson be re-elected 
   as a director of the Company.             100%         0% 
                                         -----------  --------  --------- 
 Resolution 7                             34,979,814      0         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 2020, have totalled 
   10.7 pence per Ordinary 
   Share) be approved.                       100%         0% 
                                         -----------  --------  --------- 
 Resolution 8                             34,979,814      0         0 
  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.                   100%         0% 
                                         -----------  --------  --------- 
 Resolution 9                             34,979,814      0         0 
  THAT the Audit and Risk 
   Committee be authorised 
   for and on behalf of the 
   Board to determine the remuneration 
   of KPMG LLP as the Company's 
   auditor.                                  100%         0% 
                                         -----------  --------  --------- 
 
 
 SPECIAL RESOLUTIONS                        FOR       AGAINST   WITHHELD 
 Resolution 10                           34,979,814      0         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) 
   and to either cancel or 
   hold in treasury any Ordinary 
   Shares so purchased.                     100%         0% 
                                        -----------  --------  --------- 
 Resolution 11                           34,861,355   118,459      0 
  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.                                  99.66%      0.34% 
                                        -----------  --------  --------- 
 Resolution 12                           34,861,355   118,459      0 
  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 
   not apply.                              99.66%      0.34% 
                                        -----------  --------  --------- 
 

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 2021, 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

pstage@ejfcap.com / hkhan@ejfcap.com / mgill@ejfcap.com

+44 203 752 6775 / +44 203 752 6771 / +44 203 752 6774

For the Company Secretary and Administrator

BNP Paribas Securities Services S.C.A Jersey Branch

jersey.bp2s.ejf.cosec@bnpparibas.com

+44 1534 709 181/ +44 1534 813 996

For the Broker

Numis Securities Limited

David Luck

d.luck@numis.com

+44 20 7260 1301

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.

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END

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July 01, 2021 10:15 ET (14:15 GMT)

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