Investing Back: NBPE's Strategic Buy-Back of Shares
NB Private Equity Partners Announces Share Buy-Back
NB Private Equity Partners (LSE: NBPE) has made headlines with its recent announcement regarding a significant buy-back of Class A Shares. This transaction serves as a testament to the company's long-term commitment to delivering value to its shareholders and reflects a strategic move to optimize its share structure.
Details of the Transaction
On a notable day in late July, the company outlined the specifics of shares repurchased under the authority granted by its shareholders. The buy-back agreement was made alongside Jefferies International Limited, underscoring the company's proactive approach to leveraging market opportunities.
Transaction Overview
Reportedly, on July 28, a total of 5,000 Class A Shares were repurchased. The strategic timing of this buy-back is crucial as it occurred at a price ranging between £15.28 and £15.22 per share. With shares purchased at such a rate, NBPE is looking to enhance its overall market positioning while also working towards maximizing shareholder equity.
Impact on Share Structure
Once repurchased, all Class A Shares are set to be cancelled. This decision will effectively reduce the total number of outstanding Class A Shares to 45,472,977. The company also holds an additional 3,150,408 Class A Shares in treasury. These adjustments not only reflect broader market conditions but also signal the company's intention to streamline its equity structure. For regulatory clarity, those monitoring shareholder activities should now consider the number 45,472,977 for voting rights and interest notifications pertaining to the company.
Our Vision and Commitment to Growth
In the ever-evolving landscape of private equity, NBPE maintains a clear objective of fostering capital appreciation over time. This strategy is complemented by its commitment to paying bi-annual dividends, creating an attractive value proposition for current and prospective investors.
About NB Private Equity Partners Limited
As an investment entity, NBPE focuses on bespoke direct private equity investments in tandem with leading global private equity firms. The firm operates under the purview of NB Alternatives Advisers LLC, an indirect subsidiary of Neuberger Berman Group LLC, which plays a pivotal role in sourcing and managing investments. Notably, NBPE is unique in that it incurs no management fees or carried interest where possible, providing investors with comparatively greater cost efficiency than similar listed private equity companies.
Who is Neuberger Berman?
Founded in 1939, Neuberger Berman stands as a leading independent investment manager, renowned for its employee-owned structure. With a robust presence across 26 countries and managing assets worth $538 billion in various sectors, the firm thrives on its principles of active management and fundamental research. Recognized for its outstanding workplace culture, Neuberger Berman consistently ranks as a top employer in the money management industry.
Frequently Asked Questions
What prompted NBPE to conduct a share buy-back?
The share buy-back aims to optimize the company's capital structure and enhance shareholder value by consolidating ownership.
How many shares were repurchased in this transaction?
During this buy-back, NBPE repurchased 5,000 Class A Shares.
What will happen to the repurchased shares?
All repurchased Class A Shares will be cancelled, effectively reducing the number of outstanding shares.
How can investors contact NBPE for further questions?
Investors can reach out to NBPE Investor Relations at the provided phone number or through the email address listed in the announcement.
What is NBPE's broader investment strategy?
NBPE looks to achieve capital appreciation through strategic investments while offering competitive dividends, emphasizing both growth and investor returns.
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