IN BRIEF: JZ Capital Calls EGM To Approve New Investment Policy

Wed, 15th Jul 2020 21:38

JZ Capital Partners Ltd - the investment company - Calls emergency general meeting on August 12 for approval of new investment policy. Under new policy, JZ Capital said it will make no further investments except in respect of which it has existing obligations or to the extent that investment is applied to support certain selected existing investments. The company also said it intends to reduce commitments to Spruceview Capital Partners by USD8.6 million. Accordingly, it is now requesting approval from shareholders for such proposed reduction. In addition, JZ Capital to be relieved of USD22 million in commitments to Orangewood Fund.

Current stock price: 80.00 pence

Year-to-date change: down 74%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Jz Capital