Jz Capital Regulatory News (JZCP)

JZ Capital Partners Ltd - JZCP European Micro Cap Investments

PR Newswire

London, March 20

JZ CAPITAL PARTNERS LIMITED(a closed-end collective investment scheme incorporated with limited liability under the laws of Guernsey with registered number 48761)LEI: 549300TZCK08Q16HHU44

JZCP European Micro Cap Investments

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

21 March 2022

JZ Capital Partners Limited ("JZCP" or the "Company") today announces that it has come to the Board's attention that allegations of fraudulent conduct potentially affecting JZCP's European micro-cap investments have been made. The allegations concern two individuals who were members of the management team that manages JZCP's investments in European micro-cap companies. A claim has been made in respect thereof in the New York State Supreme Court. The claimants are a fund in which JZCP has only an approximate 1% interest carried at approximately US$0.75m and also a fund in which JZCP has no interest. No allegations of fraudulent conduct were made against employees of the Company's investment adviser, Jordan/Zalaznick Advisers, Inc.

Whilst an investigation into the allegations is ongoing and therefore the information available to the Board at this time remains limited, the Company has no reason to believe that the alleged conduct will have a material adverse effect on the Company's investments in its European micro-cap portfolio. The Board will however make further announcements as and when appropriate once further information concerning the investigation and any potential impact on the Company becomes available.

The Company otherwise continues to remain confident of its ability to deliver on its investment policy including repayment of its debt obligations as they fall due subject as previously announced to the Company achieving sufficient realisations of its assets within the relevant timeframes.

Market Abuse Regulation

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

The person responsible for arranging the release of this announcement on behalf of the Company is David Macfarlane, Chairman of JZCP.

For further information:

Important Notice

This announcement also includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements relate to matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual investment performance, results of operations, financial condition, liquidity, policies and the development of its strategies may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the investment performance, result of operations, financial condition, liquidity and policies of the Company and development of its strategies, are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as at the date of this announcement. Subject to their legal and regulatory obligations, each of the Company, Jordan/Zalaznick Advisers, Inc. and their respective affiliates expressly disclaims any obligations to update, review or revise any forward-looking statement contained herein whether to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based or as a result of new information, future developments or otherwise.