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JZ Capital Partners Ltd (JZCP) Ordinary NPV Shares

Sell:466.00p Buy:474.00p 0 Change: No change
Market closed Prices as at close on 18 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JZ Capital Partners Ltd Ordinary NPV Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2019)

What is happening?

 

JZ Capital has announced details of a series of Tender Offers. The Company has announced it intends to purchase up to USD100 million of Shares (approximately 5%) of the entire issued Share capital at a price no more than a 5% discount to the NAV (Net Asset Value). The first Tender Offer of up to USD30 million will be a price of USD9.39 per Share.Shareholders will be entitled to a basic Entitlement to Tender but this has yet to be decided by the Company. Tenders in excess of this Basic Entitlement may be subject to scaling back.

 

A Currency Election facility will be available under which holders will be able to elect to receive the Tender Offer Consideration in either USD or GBP at the buyback exchange rate set on the Tender Offer closing date by JZ Capital. After deduction of costs associated with the Conversion). Please note the default Tender consideration will be JZ Capitals’ Conversion rate into GBP.

 

Currency Election Alternative

 

There is an option to have the cash payment converted into Sterling by Hargreaves Lansdown rather than JZ Capital. The conversion will be subject to our standard currency conversion fees and the prevailing exchange rate at that time.

 

What are my options?

 

Option 1 – Tender a number of Shares with USD converted by JZ Capital at the GBP equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by JZ Capital/their Agent subject to the prevailing exchange rate at that time and their fees. Please note, the exact level of fees to be charged on this conversion will not be known until completion of the Tender Offer.

 

Option 2 – Tender a number of Shares with USD converted by Hargreaves Lansdown at the equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by Hargreaves Lansdown subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

If you wish to tender a number of Shares please give us your instruction by noon on Wednesday 21 August 2019, at which point any tendered Shares will be removed from your portfolio.

 

Option 3 – Take no action. If you choose not to Tender your Shares then you will retain your holding in JZ Capital.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
Sell:466.00p
Buy:474.00p
Change: No change
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 18 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JZ Capital Partners Ltd Ordinary NPV Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2019)

What is happening?

 

JZ Capital has announced details of a series of Tender Offers. The Company has announced it intends to purchase up to USD100 million of Shares (approximately 5%) of the entire issued Share capital at a price no more than a 5% discount to the NAV (Net Asset Value). The first Tender Offer of up to USD30 million will be a price of USD9.39 per Share.Shareholders will be entitled to a basic Entitlement to Tender but this has yet to be decided by the Company. Tenders in excess of this Basic Entitlement may be subject to scaling back.

 

A Currency Election facility will be available under which holders will be able to elect to receive the Tender Offer Consideration in either USD or GBP at the buyback exchange rate set on the Tender Offer closing date by JZ Capital. After deduction of costs associated with the Conversion). Please note the default Tender consideration will be JZ Capitals’ Conversion rate into GBP.

 

Currency Election Alternative

 

There is an option to have the cash payment converted into Sterling by Hargreaves Lansdown rather than JZ Capital. The conversion will be subject to our standard currency conversion fees and the prevailing exchange rate at that time.

 

What are my options?

 

Option 1 – Tender a number of Shares with USD converted by JZ Capital at the GBP equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by JZ Capital/their Agent subject to the prevailing exchange rate at that time and their fees. Please note, the exact level of fees to be charged on this conversion will not be known until completion of the Tender Offer.

 

Option 2 – Tender a number of Shares with USD converted by Hargreaves Lansdown at the equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by Hargreaves Lansdown subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

If you wish to tender a number of Shares please give us your instruction by noon on Wednesday 21 August 2019, at which point any tendered Shares will be removed from your portfolio.

 

Option 3 – Take no action. If you choose not to Tender your Shares then you will retain your holding in JZ Capital.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
Sell:466.00p
Buy:474.00p
Change: No change
Market closed Prices as at close on 18 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JZ Capital Partners Ltd Ordinary NPV Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2019)

What is happening?

 

JZ Capital has announced details of a series of Tender Offers. The Company has announced it intends to purchase up to USD100 million of Shares (approximately 5%) of the entire issued Share capital at a price no more than a 5% discount to the NAV (Net Asset Value). The first Tender Offer of up to USD30 million will be a price of USD9.39 per Share.Shareholders will be entitled to a basic Entitlement to Tender but this has yet to be decided by the Company. Tenders in excess of this Basic Entitlement may be subject to scaling back.

 

A Currency Election facility will be available under which holders will be able to elect to receive the Tender Offer Consideration in either USD or GBP at the buyback exchange rate set on the Tender Offer closing date by JZ Capital. After deduction of costs associated with the Conversion). Please note the default Tender consideration will be JZ Capitals’ Conversion rate into GBP.

 

Currency Election Alternative

 

There is an option to have the cash payment converted into Sterling by Hargreaves Lansdown rather than JZ Capital. The conversion will be subject to our standard currency conversion fees and the prevailing exchange rate at that time.

 

What are my options?

 

Option 1 – Tender a number of Shares with USD converted by JZ Capital at the GBP equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by JZ Capital/their Agent subject to the prevailing exchange rate at that time and their fees. Please note, the exact level of fees to be charged on this conversion will not be known until completion of the Tender Offer.

 

Option 2 – Tender a number of Shares with USD converted by Hargreaves Lansdown at the equivalent of USD9.39 per Share. The Tender Offer Consideration will be converted from USD to GBP by Hargreaves Lansdown subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

If you wish to tender a number of Shares please give us your instruction by noon on Wednesday 21 August 2019, at which point any tendered Shares will be removed from your portfolio.

 

Option 3 – Take no action. If you choose not to Tender your Shares then you will retain your holding in JZ Capital.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
470.00p
Trade high:
469.92p
Year high:
490.00p
Estimated NAV:
308.13
Previous close:
470.00p
Trade low:
469.92p
Year low:
424.00p
Premium/Discount:
52.54%
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
1,586
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
JZ CAPITAL performance chart

Premium/Discount

JZ CAPITAL performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: n/a
Annual management charge: 1.5% of Total Assets
Performance fee: Yes
Ongoing charge: 1.85%
Dividend yield: n/a
Dividend frequency: None
Total assets: £720m
Gross gearing: 100%
Market capitalisation:Market cap.: £389m
Shares in issue: 89.38 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00B403HK58

Recent dividends paid or declared by JZ Capital Partners Ltd:

Type Ex-div date Payment date Amount
Interim 03/11/2016 25/11/2016 15.50¢
Final 19/05/2016 10/06/2016 15.00¢
Interim 05/11/2015 27/11/2015 16.00¢
Final 21/05/2015 12/06/2015 17.50¢
Interim 06/11/2014 28/11/2014 15.00¢

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual JZ Capital Partners Ltd dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
28/02/2019 n/a n/a n/a
28/02/2018 n/a n/a n/a
28/02/2017 2.30% 0.43 n/a
29/02/2016 6.30% 0.44 $0.31
28/02/2015 6.40% 0.98 $0.33

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The objective is to create a portfolio of investments that are based primarily in the US and some outside providing a superior overall return comprised of a current yield and significant capital appreciation. The company may invest up to 40% of its GA in businesses outside the US.

NET ASSET VALUE (NAV)

Estimated NAV: 308.13
Latest actual NAV: 808.74
Latest actual NAV date: 31 July 2019
Premium/Discount: 52.54%
12m average Premium/Discount: -40.13%
NAV frequency: Monthly
Time / date Time Buy / sell Type Volume Price Value
14:38 - 18/09 14:38
18/09
Sell 542 469.92p £2,546.97
08:40 - 18/09 08:40
18/09
Sell 1044 469.92p £4,905.96
16:09 - 16/09 16:09
16/09
Sell 1152 466.00p £5,368.32
11:22 - 16/09 11:22
16/09
Sell 1000 466.00p £4,660.00
10:59 - 16/09 10:59
16/09
Sell 500 466.00p £2,330.00

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Country Weight
United States 0.30%

Key Dates

Launch date: 1 July 2008
Financial year end: February
Next AGM: June 2020
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.