NB Private Equity Partners Announces Strategic Share Buyback Plan
Overview of Share Buyback Announcement
NB Private Equity Partners (LSE: NBPE) has recently revealed exciting news regarding its buyback of Class A Shares. This initiative is part of a broader strategy to reinforce shareholder value and affirm the company’s commitment to enhancing its market position.
Details of the Buyback Transaction
The buyback was executed following a general authority granted by the shareholders on a previous date, demonstrating robust support for the company’s strategic decisions. The arrangement for the buyback was structured through a formal agreement with a leading financial institution, showcasing NBPE's diligent approach to capital management.
Transaction Insights
On the designated date of this transaction, NB Private Equity Partners repurchased 3,750 Class A Shares on the London Stock Exchange. The shares were acquired at a price range between £14.90 to £14.80. Following the completion of the buyback, the number of outstanding Class A Shares will drop to 45,578,923, reflecting the company's proactive measures to manage its equity efficiently.
Impact on Shareholders
Canceling these shares embodies a significant step forward in enhancing shareholder value. With a clear commitment to optimizing its capital structure, NBPE aims to ensure that shareholders experience long-term capital appreciation. Alongside this buyback, the company continues to hold a portion of its shares in treasury, providing flexibility for future financial strategies.
Contact Information
For inquiries and further details, stakeholders are encouraged to reach out to the NBPE Investor Relations team:
NBPE Investor Relations
+44 20 3214 9002
Luke Mason
Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications
+44 (0)20 3882 6644
Charles Gorman
Email: nbpe@kl-communications.com
About NB Private Equity Partners Limited
NB Private Equity Partners invests in a diversified portfolio of direct private equity investments alongside top-tier firms worldwide. Managed by NB Alternatives Advisers LLC, which is a wholly owned subsidiary of Neuberger Berman Group LLC, they aim for efficient fee structures, eliminating management fees and carried interest to optimize investor returns. With a focus on building net asset value while distributing dividends biannually, NBPE is strategically positioned for sustainable growth.
About Neuberger Berman
Founded in 1939, Neuberger Berman operates as a privately owned investment management firm with a significant global presence, employing over 2,800 professionals across 26 countries. The firm manages extensive portfolios totaling $515 billion, comprising equities, fixed income, private equity, real estate, and hedge fund investments. Renowned for its solid investment philosophy based on active management and fundamental research, Neuberger Berman proudly holds a reputation as a leading workplace in the investment sector.
Frequently Asked Questions
What is the purpose of the share buyback by NBPE?
The buyback aims to enhance shareholder value and optimize the company's capital structure.
How many shares were repurchased in the transaction?
NBPE repurchased a total of 3,750 Class A Shares during the transaction.
What is the new outstanding share count after the buyback?
After the cancellation of the repurchased shares, the new total of outstanding Class A Shares will be 45,578,923.
How does the buyback affect existing shareholders?
The share buyback is expected to improve capital appreciation prospects for existing shareholders, thereby increasing the value of their holdings.
Who can be contacted for more information about NBPE?
Investors and interested parties can contact the NBPE Investor Relations team via the provided email or phone numbers for inquiries and further details.
About The Author
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