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JZ Capital Partners Ltd (JZCP) Ordinary NPV Shares

Sell:468.00p Buy:484.00p 0 Change: No change
Market closed Prices as at close on 16 October 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:468.00p
Buy:484.00p
Change: No change
Market closed Prices as at close on 16 October 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:468.00p
Buy:484.00p
Change: No change
Market closed Prices as at close on 16 October 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. 

×
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.

Business summary

JZ Capital Partners Limited is a United Kingdom-based closed-ended investment company. The Company's investment objective is to provide an overall total return consisting of dividend yield plus stock appreciation. The Company invests in the United States and European micro-cap companies, as well as real estate properties in the United States. The Company's segments include Portfolio of US micro-cap investments; Portfolio of European micro-cap investments; Portfolio of Real estate investments, and Portfolio of Other investments. The investment objective of each segment is to achieve consistent medium-term returns from the investments in each segment while safeguarding capital by investing in a diversified portfolio. The Company's portfolio includes approximately 70 micro-cap businesses across over eight industries and approximately 50 properties located in Brooklyn, New York and Miami, Florida. The Company's investment advisor is Jordan/Zalaznick Advisers, Inc.

Important dates

Future events
There are no future events available.
Past events
EGM 16 August 2019 16/08/19
Interim management statement 28 June 2019 28/06/19
EGM 27 June 2019 27/06/19
AGM 27 June 2019 27/06/19
EGM 29 May 2019 29/05/19
Final results 08 May 2019 08/05/19
Annual report 08 May 2019 08/05/19
Interim management statement 19 December 2018 19/12/18

General stock information

EPIC:
JZCP
ISIN:
GG00B403HK58
Market cap:
£425.46 million
Shares in issue:
89.38 million
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Contact details

Address:
2Nd Floor
Regency Court, Glategny Esplanade
P.O. Box 211
ST PETER PORT
GY1 3NQ
Guernsey
Telephone:
+44 (01481) 720321
Website:
www.jzcp.com/

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

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'.