Latest Developments in Share Buyback by NB Private Equity
NB Private Equity Partners Announces Share Buyback
NB Private Equity Partners has recently made an important announcement regarding its Class A Shares repurchase initiative. This decision aligns with the general authority granted by its shareholders, paving the way for a structured buyback through Jefferies International Limited.
Details of the Share Buyback Transaction
On the London Stock Exchange, NB Private Equity Partners (LSE: NBPE) executed the buyback of 3,500 Class A Shares on a notable date. This strategic move enhances shareholder value and reflects the company's commitment to maintaining financial health.
Transaction Insights
The share buyback transaction occurred recently, with shares purchased at prices ranging from £14.90 to £14.38. This level of activity indicates the management’s confidence in the company's future performance, advocating for a strong return on investment for its shareholders.
Current Share Distribution
Post-cancellation of the repurchased Class A Shares, the total number of outstanding shares stands at approximately 45,592,673. Additionally, the company holds a treasury of 3,150,408 Class A Shares. This careful management of shares demonstrates a proactive approach to corporate governance and transparency.
Investor Relations and Goals
NB Private Equity Partners is dedicated to keeping its investors informed. Should there be any inquiries, stakeholders are encouraged to reach out to NBPE Investor Relations. This open line of communication ensures that both current and potential investors stay up-to-date with the latest developments regarding the company’s financial maneuvers.
Contact Information
For more details, please contact:
NBPE Investor Relations: +44 20 3214 9002
Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications: +44 (0)20 3882 6644
Email: nbpe@kl-communications.com
Understanding NB Private Equity Partners
NB Private Equity Partners Limited is a dynamic investment vehicle that focuses on direct investments in the private equity market. The investment manager, NB Alternatives Advisers LLC, plays a crucial role in executing and managing these investments. By minimizing fees through an efficient structure, NBPE maximizes potential returns for its shareholders.
Investment Strategy and Philosophy
NB Private Equity's strategy involves a careful selection of growth opportunities, aiming for an appreciation of net asset value over time alongside a commitment to pay bi-annual dividends. This strategy not only speaks to the health of their investment framework but also reflects their robust approach to generating shareholder value.
About Neuberger Berman
Neuberger Berman, founded in 1939, operates as a prominent independent investment management firm, managing a substantial portfolio of assets worldwide. With over 2,800 employees across 26 countries, the firm stands out due to its strong emphasis on active management and fundamental research, prioritizing engaged ownership.
Acknowledging Excellence in Work Culture
Recognized consistently as one of the best places to work in the financial management sector, Neuberger Berman's commitment to employee well-being and professional growth aligns well with its overall business goals. They manage a diverse array of investment instruments, positioning themselves as a leader in the industry.
Frequently Asked Questions
What is the recent transaction by NB Private Equity Partners?
NB Private Equity Partners announced a buyback of 3,500 Class A Shares as part of a strategic initiative to enhance shareholder value.
Why is the share buyback significant?
The share buyback reflects the company’s confidence in its future performance and helps to manage the equity structure efficiently.
How many shares are currently outstanding?
The total number of outstanding Class A Shares after the buyback is approximately 45,592,673.
Who can be contacted for further investor relations inquiries?
Stakeholders can reach out to NBPE Investor Relations via phone at +44 20 3214 9002 or email at NBPrivateMarketsIR@nb.com.
What is the investment strategy of NB Private Equity Partners?
NB Private Equity Partners focuses on generating capital appreciation through direct private equity investments and offers a bi-annual dividend to its investors.
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