NB Private Equity Partners Boosts Shareholder Value with Buyback
NB Private Equity Partners Informs Shareholders of Recent Buyback
In a strategic move to enhance shareholder value, NB Private Equity Partners has announced the buyback of Class A Shares. This transaction showcases the Company’s commitment to returning capital to its shareholders and optimizing its capital structure. With this buyback, investors can feel confident in the Company’s direction and financial performance.
Details of the Share Buyback
Transaction Overview
The buyback of Class A Shares is conducted under the authority granted by shareholders during a previous meeting. These shares are expected to be cancelled following the purchase, reflecting the Company’s intention to reduce the share capital, a move that can potentially increase the value of remaining shares in the market.
Success on the London Stock Exchange
The most recent transaction occurred on a significant date for the Company, where 14,289 Class A Shares were purchased at prices ranging between £14.34 and £14.74. With a reliable partner such as Jefferies International Limited facilitating this process, the transaction underscores NBPE’s strong position in the financial markets, further endorsed by its presence on the London Stock Exchange.
Current Standings of Class A Shares
After the completion of the buyback, the total outstanding Class A Shares will be 45,652,389, along with 3,150,408 Class A shares held in treasury. For compliance with the FCA's Disclosure Guidance and Transparency Rules, it is important to note that the market should monitor 45,652,389 voting rights when assessing their interests regarding the Company.
Communications for Shareholders
Investors and interested parties seeking further information about the share buyback or other inquiries can reach out to NBPE Investor Relations. The team is available at +44 20 3214 9002. For any detailed questions, Luke Mason is also a contact point available through the respective email.
About NB Private Equity Partners
NB Private Equity Partners Limited specializes in direct private equity investments, collaborating with leading private equity firms around the world. The Investment Manager, NB Alternatives Advisers LLC, is dedicated to sourcing high-quality investment opportunities with no associated management fees, ensuring an efficient investment process compared to other public equity options.
Commitment to Growth and Dividends
NBPE continues to prioritize capital appreciation by focusing on net asset value growth while also providing shareholders with regular bi-annual dividends. This approach exemplifies the Company’s strategy of generating long-term value.
About Neuberger Berman
Founded in 1939, Neuberger Berman is an independent investment manager with a global workforce exceeding 2,800 employees. The firm handles a diverse array of assets, including equities and private equity, amassing a total of $515 billion under management. With a strong commitment to active management and responsible investing, Neuberger Berman has gained recognition as a leading institution in the financial industry.
Frequently Asked Questions
What is the purpose of the share buyback by NB Private Equity Partners?
The share buyback aims to enhance shareholder value by reducing the total number of outstanding shares, which can lead to an increase in earnings per share and potentially boost share prices.
How many Class A Shares were bought back in this transaction?
In this transaction, NB Private Equity Partners repurchased 14,289 Class A Shares.
Who managed the buyback of the shares?
The buyback was facilitated by Jefferies International Limited, ensuring a professional execution of the transaction on the London Stock Exchange.
What will be the total number of outstanding shares after the buyback?
After the cancellation of the bought-back shares, the total number of outstanding Class A Shares will be reduced to 45,652,389.
How can investors contact NB Private Equity Partners for inquiries?
Investors can contact NBPE Investor Relations at +44 20 3214 9002 for any questions or additional information regarding the company or share transactions.
About The Author
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