NB Private Equity Partners Shares Buyback Announcement
NB Private Equity Partners (“NBPE” or the “Company”) has made an exciting announcement regarding its recent Class A shares buyback initiative. This move follows the authority granted by shareholders in June and the agreement paved with Jefferies International Limited. This step further solidifies NBPE's dedication to enhancing shareholder value.
Recent Transaction Highlights
On a recent purchase date, NBPE successfully bought back 3,000 Class A shares on the London Stock Exchange. The highest price paid for these shares was £14.46, while the lowest recorded price stood at £14.34. As part of this transaction, the shares are set to be cancelled, ensuring a more streamlined stock portfolio moving forward.
Key Transaction Details
The specifics of the transaction are as follows: The buyback occurred on June 11, and following this cancellation, the total number of outstanding shares will now be 45,524,711. In addition, NBPE holds 3,150,408 Class A shares in treasury, allowing for potential future maneuvers in the market.
Understanding the Impact
The reduction in the number of outstanding shares is a strategic move aimed at fostering financial strength and enhancing shareholders' equity. This approach signals NBPE's commitment to improving the overall financial health and attractiveness of the investment to current and prospective shareholders.
Implications for Investors
Investors should note that following this share buyback, the number of voting rights in NBPE has also adjusted, reflecting a new total of 45,524,711. This figure serves as a crucial standard for the market when evaluating investment interests and changes.
Investor Relations Contact Information
If you are looking for further details regarding this buyback transaction or any associated inquiries, you can reach out to the NBPE Investor Relations team. They can be contacted at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
About NB Private Equity Partners Limited
NB Private Equity Partners Limited is more than just an investment company; it actively seeks investment opportunities in direct private equity alongside leading firms globally. The Investment Manager, NB Alternatives Advisers LLC, oversees the sourcing and execution of investments, demonstrating a clear commitment to fee efficiency. This structure allows for the possibility of greater returns through capital appreciation without the imposition of management fees typically associated with private equity investments.
About Neuberger Berman
Neuberger Berman is another pillar in the investment management industry, with roots dating back to 1939. This employee-owned firm prides itself on a robust investment strategy, managing an impressive portfolio across various asset classes, including private equity, real estate, and more. Their dedicated approach to investment prioritizes active management and engaged ownership, consistently ranking as one of the best workplaces in the industry.
Frequently Asked Questions
What does the recent buyback mean for shareholders?
The buyback reduces the number of outstanding shares, potentially increasing the value of remaining shares and indicating a strong commitment to shareholder returns.
How many Class A shares have been bought back?
NBPE has bought back 3,000 Class A shares in this transaction.
What is the new total of outstanding shares after the buyback?
After the buyback and subsequent cancellation, the total number of outstanding Class A shares will be 45,524,711.
Who manages the investments for NBPE?
NB Alternatives Advisers LLC, a wholly-owned subsidiary of Neuberger Berman Group LLC, is responsible for managing NBPE's investments.
Can I contact NBPE for more information?
Yes, you can contact NBPE Investor Relations at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
