NB Private Equity Partners Executes Share Buy-Back Initiative
NB Private Equity Partners Announces Share Buy-Back
NB Private Equity Partners has publicly shared important news about a recent transaction involving its Class A Shares. The company, also known as NBPE, is taking significant steps to enhance shareholder value through a strategic buy-back initiative.
Transaction Overview
Following a general authority that was granted by the shareholders just before the transaction, NBPE highlights its commitment to providing returns to shareholders by executing this buy-back on the London Stock Exchange.
Details of the Share Purchase
On a recent date, the company purchased a total of 3,000 Class A Shares. The share purchase marked a significant milestone, showcasing the company’s proactive approach to managing its capital. The shares were acquired at prices between £14.36 and £14.16, reflecting a depth of interest in enhancing shareholder equity.
Impact of the Transaction
With this initiative, all the Class A Shares bought back will be cancelled, which will bring the number of outstanding shares down to 45,521,711. In addition, the Company currently holds 3,150,408 Class A shares in treasury. For transparency and regulatory reporting under the FCA's guidelines, stakeholders are advised to note that 45,521,711 voting rights remain, enabling clear communication regarding shareholder interests.
Investor Relations
Ensuring clear communication with stakeholders is a priority for NBPE. For those interested in further details, the company’s investor relations team is accessible through various channels.
Contact Information for Investor Inquiries
To connect with NBPE regarding investment opportunities or inquiries, you can reach:
NBPE Investor Relations +44 20 3214 9002
Luke Mason NBPrivateMarketsIR@nb.com
Kaso Legg Communications +44 (0)20 3882 6644
Charles Gorman nbpe@kl-communications.com
Luke Dampier
Charlotte Francis
About NB Private Equity Partners
NB Private Equity Partners is known for its strategic investments in private equity markets across the globe. With a focus on collaborating with leading private equity firms, NBPE aims for optimal financial outcomes without the burden of excessive fees. Their investment philosophy prioritizes capital appreciation and sustainability in value.
The Role of Neuberger Berman
At the helm of NBPE's investment strategy is Neuberger Berman, a respected investment management firm established in 1939. Focusing on active management and insightful ownership practices, Neuberger Berman oversees vast assets in various sectors. The firm’s practices have earned recognition as one of the top places to work in the investment management field.
The team at Neuberger Berman manages approximately $515 billion in assets, demonstrating their capability and commitment in servicing the diverse needs of investors globally.
Conclusion and Future Outlook
NB Private Equity Partners is positioned to leverage this buy-back as a means of enhancing shareholder value while laying the groundwork for future investments. The company aims to navigate the complexities of the financial market with an eye toward sustained growth.
Frequently Asked Questions
What is the purpose of the share buy-back by NBPE?
The buy-back is aimed at enhancing shareholder value and managing capital efficiently.
How many shares were purchased in the recent transaction?
NBPE announced the purchase of 3,000 Class A Shares in this transaction.
What happens to the shares bought back?
All shares purchased will be cancelled, reducing the number of outstanding shares.
Who manages the investments for NBPE?
The investments are managed by Neuberger Berman Group LLC, ensuring expertise in managing diverse assets.
How can investors contact NBPE for more information?
Investors can reach out to the NBPE Investor Relations team via phone or email for any inquiries.
About The Author
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