Enhancing Shareholder Value: NBPE's Recent Buyback Activity
Share Buyback Announcement by NB Private Equity Partners
NB Private Equity Partners (NBPE) has taken significant steps to enhance shareholder value with its recent announcement regarding a buyback of its Class A Shares. This initiative aligns with the general authority granted by shareholders and showcases the company’s commitment to maximizing returns for its investors.
Details of the Recent Share Transaction
In a move designed to optimize its capital structure, NBPE recently disclosed the purchase of shares on the London Stock Exchange. Specifically, the transaction involved the buyback of 3,000 Class A Shares, completed on 6 August. This operational maneuver reflects the management's strategic intent to support the stock performance amid fluctuating market conditions.
Key Transaction Metrics
The buyback was executed at a stable valuation, with both the highest and the lowest price per share recorded at £14.60. Following the buyback, the company will cancel these shares and reduce the outstanding Class A Shares to 45,448,760. In addition, NBPE retains a treasury of 3,150,408 Class A shares.
Impact on Shareholder Rights
As the number of shares decreases, the voting rights for existing shares will also be adjusted, manifesting a stronger influence for each shareholder. For corporate reporting under the FCA's Disclosure Guidance and Transparency Rules, it is crucial for the market to regard the updated figure of 45,448,760 voting rights to gauge any interest notifications accurately.
About NB Private Equity Partners Limited
NBPE operates as a closed-end investment company that focuses on direct private equity investments alongside leading firms across the globe. Controlled by NB Alternatives Advisers LLC, a subsidiary of the Neuberger Berman Group LLC, NBPE’s approach allows it to leverage investments with greater efficiency, resulting in fewer fees compared to other listed private equity firms.
Investment Strategy and Market Presence
NBPE actively seeks growth in net asset value over time while providing its shareholders with a bi-annual dividend. This consistent strategy, combined with the absence of management fees or carried interest payable to third-party general partners, underpins its competitive position in the private equity market.
Communication Channels
For those wishing to connect, NBPE Investor Relations can be reached at +44 20 3214 9002, or through Luke Mason at NBPrivateMarketsIR@nb.com. Inquiries can also be directed to Kaso Legg Communications at +44 (0)20 3882 6644, with available representatives including Charles Gorman at nbpe@kl-communications.com, Luke Dampier, and Charlotte Francis.
About Neuberger Berman
Neuberger Berman, a renowned investment manager, has been in operation since 1939 and boasts over 2,800 employees across 26 countries. It manages an extensive portfolio that includes $538 billion in assets, spread across various investment classes such as equities and real estate. The firm prides itself on active management, engaged ownership, and a solid commitment to research and transparency.
Frequently Asked Questions
What is the purpose of the share buyback by NBPE?
The share buyback aims to enhance shareholder value by reducing the total number of shares outstanding, ultimately increasing the influence of remaining shares.
How many Class A Shares were bought back?
NBPE bought back a total of 3,000 Class A Shares during this recent transaction.
At what price were the shares bought back?
The shares were purchased at a stable price of £14.60 per share.
What is NBPE's investment strategy?
NBPE focuses on direct private equity investments with leading firms, seeking capital appreciation and providing bi-annual dividends to shareholders.
Who can I contact for more information about NBPE?
For inquiries, reach out to NBPE Investor Relations at +44 20 3214 9002 or email NBPrivateMarketsIR@nb.com.
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