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EJF Investments Ltd announced on 2 May 2024 that Joanna Dentskevich, Board chair, resigned as a director of the Company and its subsidiary with immediate effect. As a result, she will not stand for re-election at the Annual General Meeting on 6 June 2024. Alan Dunphy, chair of the Company's Audit and Risk Committee, will serve as interim chair.
| Date | 2 May 2024 |
| Time | 07:00:10 |
| Category | Board changes |
| ID | 8987M |
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.
2 May 2024
EJF Investments Ltd ("EJFI" or the "Company")
Directorate change
The Company today announces that Joanna Dentskevich, chair of the Board of the Company, has resigned as a director of the Company and its subsidiary with immediate effect. As a result, Joanna will not be standing for re-election at the Company's Annual General Meeting to be held on 6 June 2024.
The Board wishes to thank Joanna for her valued and respected contribution and leadership during her time on the Board and wish her well for the future.
Alan Dunphy, chair of the Company's Audit and Risk Committee, will serve as an interim chair pending the recruitment of a new director.
Further information will be announced in due course.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Jay Ghatalia
[email protected] / [email protected]
+44 203 752 6775 / +44 203 752 6776
For the Company Secretary and Administrator
BNP Paribas S.A., Jersey Branch
+44 1534 709 198/ +44 1534 813 967
For the Brokers
Barclays Bank PLC
Dion Di Miceli / Stuart Muress
+44 20 7623 2323
Liberum Capital Limited
Darren Vickers / Owen Matthews
+44 203 100 2222
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.