JZ Capital Partners Ltd - Transaction in Own Shares
PR Newswire
London, June 20
| 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 | ||||||
JZ Capital Partners Limited (the Company) announces today it has purchased a total of 20,755 ordinary shares, at a price of 480.27 per share. The Company intends to cancel all of the purchased shares and so, following the purchases, the Company has 83,362,348 ordinary shares in issue. The Company does not hold any ordinary shares in Treasury. The Company purchased the following number of its ordinary shares of no par value in the capital of the Company on the London Stock Exchange through J.P. Morgan Securities plc (the on-market purchases). | ||||||
Ordinary Shares: | JZ Capital Partners Ltd | |||||
| Date of purchase: | 20/06/2018 | |||||
| Number of ordinary shares purchased: | 11,000 | |||||
| Weighted average price: | 480.27 | pence | ||||
| Lowest price per share: | 482.00 | pence | ||||
| Highest price per share: | 482.00 | pence | ||||
| Volume weighted average price per ordinary share: | ||||||
| Trading venue: | JPSI | |||||
| Aggregate volume per date per trading venue: | 4,000 | |||||
| Weighted average price per day per trading venue: | 482.00 | pence | ||||
| Lowest price per share: | 476.00 | pence | ||||
| Highest price per share: | 484.00 | pence | ||||
| Trading venue: | XOFF | |||||
| Aggregate volume per date per trading venue: | 7,000 | |||||
| Weighted average price per day per trading venue: | 479.29 | pence | ||||
As a consequence of the above on-market purchases the Company also has made off-market repurchases of 9,755 ordinary shares (the off-market purchases) from David W. Zalaznick, John (Jay) W. Jordan II and Edgewater Growth Capital Partners, in proportion with their current holdings of ordinary shares in the Company pursuant to and in accordance with the Company's Articles of Incorporation. The off-market purchases will be executed at the CFC Buyback Arrangement Price (as defined in the Company's Circular to shareholders dated 20 April 2017) which is equal to the volume weighted average price per ordinary share repurchased by J.P Morgan Securities Plc pursuant to the on-market purchases during the course of today. | ||||||
www.jzcp.com/investor-relations | ||||||
For further information: | ||||||
| David Zalaznick | +1 212 485 9410 | |||||
| Jordan/Zalaznick Advisers, Inc. | dzalaznick@jzadvisersinc.com | |||||
Northern Trust International Fund Administration Services (Guernsey) Limited Company Secretary | Guernsey_Board_Relationship_Team@ntrs.com | |||||
| About JZCP | ||||||
| JZ Capital Partners ("JZCP") is one of the oldest closed-end investment companies listed on the London Stock Exchange. It seeks to provide shareholders with a return by investing selectively in US and European microcap companies and US real estate. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. ("JZAI") which is led by David Zalaznick and Jay Jordan. They have worked together for more than 35 years and are supported by teams of investment professionals in New York, Chicago, London and Madrid. JZAI's experts work with the existing management of microcap companies to help build better businesses, create value and | ||||||
| deliver strong returns for investors. For more information please visit | www.jzcp.com | |||||
© 2018 PR Newswire
