NB Private Equity Partners Announces Share Buyback Update
NB Private Equity Partners (“NBPE” or the “Company”) has recently shared updates regarding its buyback plan. This step is a part of the ongoing effort to empower shareholders and demonstrate confidence in the Company's future. The announcement of a buyback following approval from shareholders is seen as a strong signal of the Company’s commitment to enhancing shareholder value.
Details of the Share Buyback Transaction
As part of the authorized effort, NBPE engaged Jefferies International Limited to facilitate the purchase of Class A Shares. On the 24th of September, a total of 13,596 Class A Shares were bought back at prices ranging from £14.26 to £14.40. This strategic move is anticipated to positively influence the company's financial standing and market presence.
Market Impact of the Buyback
Buybacks can have substantial implications for the market perception of a company. When a firm purchases its shares, it can potentially lead to a reduced share supply in the market, thereby increasing the share's value. This demonstration of confidence can attract further investment, as current and prospective shareholders see a company that is willing to invest in itself.
Benefits of the Share Cancellation
Upon completion of the buyback, all purchased Class A Shares will be canceled. This action will streamline the outstanding share count to 45,201,036. Furthermore, this approach aligns with the FCA's Disclosure Guidance and Transparency Rules, where the adjusted figure of 45,201,036 voting rights will be critical for market reporting. Having a lower count of outstanding shares often benefits shareholders, making investments more valuable.
About NB Private Equity Partners
NB Private Equity Partners Limited specializes in investments directly into private equity sectors across various industries globally. The management of these investments is under the purview of NB Alternatives Advisers LLC, which operates as a wholly-owned subsidiary of Neuberger Berman Group LLC. This structure helps ensure that investments are executed efficiently while avoiding unnecessary fees typically associated with third-party general partners.
Investment Strategy and Objectives
By focusing on capital appreciation through a growth strategy in net asset values over time, NBPE is set to achieve substantial returns for its investors. Additionally, the Company continues to provide bi-annual dividends, further incentivizing investment and engagement from shareholders.
Contact Information
For inquiries or additional information, please reach out to:
NBPE Investor Relations
+44 20 3214 9002
Luke Mason - Contact via email
Kaso Legg Communications
+44 (0)20 3882 6644
Charles Gorman - Contact via email
Luke Dampier and Charlotte Francis
Frequently Asked Questions
1. What is the purpose of NBPE's share buyback?
NBPE's share buyback aims to enhance shareholder value by purchasing shares back and canceling them, leading to a lower outstanding share count.
2. How many shares did NBPE buy back?
The Company bought back a total of 13,596 Class A Shares during its recent transaction.
3. What were the purchase prices for the Class A Shares?
The shares were purchased at varying prices of £14.26 to £14.40.
4. How will the share buyback affect NBPE's market position?
The reduction in outstanding shares could increase the value of existing shares, positively impacting the Company's market position.
5. Who manages NBPE's investments?
The management of NBPE's investments is handled by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.
