NB Private Equity Partners Engages in Share Buy-Back Strategy
NB Private Equity Partners' Strategic Share Buy-Back
NB Private Equity Partners (“NBPE” or “the Company”) has recently made headlines by announcing details of its buy-back of Class A Shares. This transaction was conducted under a general authority granted by shareholders and in collaboration with Jefferies International Limited.
Details of the Transaction
The share buy-back took place on the London Stock Exchange on a specific date in June. During this transaction, the Company purchased a total of 3,000 Class A Shares. These shares were bought back at varying prices, with the highest price being £14.00 and the lowest at £13.95.
Share Count and Transparency
With the cancellation of these Class A Shares, the total outstanding amount now stands at 45,503,711. This updated figure is essential for investors and market participants under the FCA's Disclosure Guidance and Transparency Rules, meaning that they should utilize this number when determining their investments in the Company.
Investor Relations Information
For those seeking more details or having inquiries about this share buy-back, NBPE has provided contact information for its Investor Relations team. Luke Mason, available at +44 20 3214 9002, can assist with further questions. Additionally, investors can reach out via email at NBPrivateMarketsIR@nb.com.
Communications Team
Further inquiries can also be directed to Kaso Legg Communications, where Charles Gorman can be contacted at +44 (0)20 3882 6644. He also has an email for communications related to NBPE which is nbpe@kl-communications.com.
About NB Private Equity Partners Limited
NBPE is focused on direct private equity investments across the globe, partnering with leading private equity firms. The investments are managed by NB Alternatives Advisers LLC, ensuring that the majority of investments come without management fees or carried interest payable to third-party GPs, which translates to greater efficiency for shareholders.
Investment Strategy
The Company’s aim is capital appreciation achieved through growth in net asset value over time, coupled with a reliable bi-annual dividend strategy. This approach has positioned NBPE as a notable player in the market.
About Neuberger Berman
Founded in 1939, Neuberger Berman has grown to become a major independent investment manager with over 2,800 employees. With a remarkable portfolio of $515 billion across various asset classes, the firm upholds a philosophy based on active management and fundamental research, securing a strong reputation in the investment community.
Frequently Asked Questions
What recent transaction did NBPE announce?
NBPE announced a buy-back of Class A Shares under a general authority granted by shareholders.
How many shares did NBPE buy back?
The Company bought back a total of 3,000 Class A Shares during this transaction.
What was the range of prices during the buy-back?
The shares were purchased at a price between £13.95 and £14.00.
How many outstanding shares remain after the buy-back?
After the cancellation of bought shares, there are 45,503,711 outstanding Class A Shares.
Who can I contact for investor relations information?
Luke Mason can be contacted at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
About The Author
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