NB Private Equity Initiates Share Buyback Strategy on LSE
NB Private Equity Partners Announces Share Buyback
NB Private Equity Partners, often referred to as NBPE, has made a significant announcement regarding its share buyback program. This strategic move reflects the Company’s ongoing commitment to enhancing shareholder value through proactive financial management.
Details of the Share Buyback Transaction
The share buyback was executed under general authority that shareholders granted on June 12 of the previous year. The transactions took place in alignment with the agreement set forth with Jefferies International Limited, a reputable brokerage firm.
Transaction Overview on LSE
On the London Stock Exchange, NBPE reported the purchase of Class A Shares. The key details of this transaction are as follows:
Date and Volume
The shares were purchased on April 17, with a total of 4,200 Class A Shares acquired. This proactive approach signals the Company’s confidence in its long-term strategy and financial health.
Pricing Information
The share buyback occurred at a price range of £14.92 for the highest priced shares and £14.78 for the lowest. This pricing strategy indicates a disciplined approach to repurchasing shares to maximize value for existing shareholders.
Impact of the Share Buyback
Following the completion of this buyback, NBPE will cancel all repurchased Class A Shares. The action will reduce the number of outstanding shares to 45,630,073, while it retains an additional 3,150,408 shares in treasury. For transparency, the market should consider the figure of 45,630,073 when assessing voting rights and interests within the Company.
Commitment to Shareholders
NB Private Equity Partners values open communication and prompts inquiries regarding this transaction or other company strategies. The management invites stakeholders to reach out via its dedicated investor relations contacts. The team remains committed to providing clear and timely updates as the Company continues to navigate market changes.
Contact Information
For further inquiries, please contact:
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 Limited is dedicated to steering investments in direct private equity alongside industry-leading firms worldwide. Managed by NB Alternatives Advisers LLC—a subsidiary of Neuberger Berman Group LLC—the Company ensures its investments are executed efficiently, often steering clear of management fees and offering greater overall profitability than typical private equity ventures.
About Neuberger Berman
Founded in 1939, Neuberger Berman operates as an employee-owned investment management firm. With over 2,800 professionals present in 26 countries, it oversees substantial assets across various categories, including equities, fixed income, private equity, and real estate. The commitment to active management and fundamental research propels Neuberger Berman to receive accolades as a top workplace in the financial sector.
Frequently Asked Questions
What is the purpose of the share buyback by NBPE?
The share buyback is aimed at enhancing shareholder value and demonstrating financial health by reducing the total number of outstanding shares.
How many Class A Shares were repurchased?
A total of 4,200 Class A Shares were repurchased during the transaction.
What is the impact of the buyback on the number of outstanding shares?
Post-cancellation, the number of outstanding Class A Shares will be 45,630,073.
How can I contact NBPE for more information?
You can reach out to the NBPE Investor Relations via phone at +44 20 3214 9002 or email at NBPrivateMarketsIR@nb.com.
Who manages the investments for NBPE?
Investments for NB Private Equity Partners are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.
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