EJF Investments Suspends Trading in 2025 ZDP Shares
The financial services firm has announced the suspension of trading in its 2025 ZDP Shares, effective from Tuesday, 13 May 2025.
The financial services firm has announced the suspension of trading in its 2025 ZDP Shares, effective from Tuesday, 13 May 2025.
The retailer has announced a discounted equity raise, signaling potential concerns about the company's outlook.
The investment company has completed a £5.3 million placing of new shares at a 12.7% discount to the previous closing price, as part of a move to redeem its existing 2025 ZDP shares and simplify its capital structure.
The financial services firm plans to launch a retail offer for new 2029 ZDP Shares, in addition to a previously announced rollover offer and initial placing.
The financial services firm is conducting a rollover offer and initial placing of new 2029 ZDP Shares to refinance existing debt-like instruments. The details of the pricing and impact on shareholders are unclear.
The financial services firm is launching a rollover offer and placing programme to raise up to £56 million through the issue of new 2029 ZDP Shares, with the shares priced at a 13.3% discount to the previous closing price.
The investment firm reported a 9.80% Total Return per share for 2024, driven by the resilience of its debt portfolio. The company continued to pay dividends and made new investments in attractive opportunities.
The investment company announces the date for its annual results presentation, providing investors an opportunity to hear from management.
The investment company is exploring options to refinance its existing zero dividend preference shares, including a potential new issuance of up to 28 million 2029 ZDP shares.
The investment manager has reinvested a portion of its quarterly fee to purchase additional shares in the company.