24th Jun 2025 16:57
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.
24 June 2025
EJF Investments Ltd
("EJFI" or the "Company")
Results of Annual General Meeting
EJFI, which provides investors exposure to primarily a diversified portfolio of debt issued by smaller U.S. banks and insurance companies, is pleased to announce that all resolutions put to the Annual General Meeting held today, 24 June 2025, at the registered office of the Company were duly passed by the shareholders.
Total proxy votes of 31,988,863 were noted at the Annual General Meeting. Details of the proxy votes noted in respect of each resolution are set out below:
Summary Resolutions1 | For / Discretion2 | % | Against | % | Withheld |
1. Ordinary Resolution: THAT the report of the directors and the audited annual report and financial statements of the Company for the year ended 31 December 2024 be received and adopted. | 31,988,863 | 100 | 0 | 0 | 0 |
2. Ordinary Resolution: THAT the Directors' remuneration report for the year ended 31 December 2024 be approved. | 31,988,863 | 100 | 0 | 0 | 0 |
3. Ordinary Resolution: THAT Alan Dunphy be re-elected as a Director of the Company. | 31,923,863 | 99.80 | 65,000 | 0.20 | 0 |
4. Ordinary Resolution: THAT Nick Watkins be re-elected as a Director of the Company. | 31,923,863 | 99.80 | 65,000 | 0.20 | 0 |
5. Ordinary Resolution: THAT John Kingston be elected as a Director of the Company. | 31,988,863 | 100 | 0 | 0 | 0 |
6. Ordinary Resolution: THAT the Company's dividend policy be approved. | 31,988,863 | 100 | 0 | 0 | 0 |
7. Ordinary Resolution: THAT Ernst &Young be appointed as auditors of the Company. | 31,974,019 | 99.95 | 14,844 | 0.05 | 0 |
8. Ordinary Resolution: THAT the Audit Committee be authorised to determine the remuneration of Ernst &Young.
| 31,974,019 | 99.95 | 0 | 0 | 14,844 |
9. Special Resolution: THAT the Directors be generally and unconditionally authorised to make market purchases of up to 14.99% of the issued share capital (excluding shares held in treasury). | 31,988,863 | 100 | 0 | 0 | 0 |
10. Special Resolution: THAT the Directors be unconditionally authorised to allot and issue shares up to 10% of the issued share capital. | 31,958,453 | 99.90 | 30,410 | 0.10 | 0 |
1. The full text of the resolutions may be found in the notice of the Annual General Meeting, a copy of which is available on both the Company's website https://www.ejfi.com/media/1892/20250624-agm-circular-vf.pdf and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
2. Any proxy appointments which gave discretion to the Chair, or a third party were voted for the resolution.
In accordance with UK Listing Rule 6.4.2., the full text of the special resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Mungo Hargreaves / Jay Ghatalia
[email protected] / [email protected]
+44 20 3752 6775 / +44 203 752 6776
For the Company Secretary and Administrator
Apex Financial Services (Alternative Funds) Limited
+44 204 549 0721
For the Broker
Panmure Liberum
Darren Vickers / Owen Matthews
+44 203 100 2222
Barclays Bank PLC
Dion Di Miceli/Stuart Muress/James Atkinson
+44 207 623 2323
About EJF Investments Ltd
EJFI's objective is to provide shareholders with attractive risk adjusted returns through regular dividends and capital growth over the long term. EJFI generates exposure primarily to a diversified portfolio of loans issued by financial institutions and related or similar assets in the U.S., U.K. and Europe.
EJFI currently invests primarily in CDO Equity Tranches structured by an affiliate of EJF Capital LLC, providing levered exposure to a highly diversified portfolio of securities issued by U.S. financial institutions (banks and insurance companies), these being Risk Retention Investments.
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.
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