Strategic Share Buyback Initiated by NB Private Equity Partners
Today, NB Private Equity Partners (“NBPE” or the “Company”) draws attention to its recent transaction involving the repurchase of Class A Shares, undertaken as per the authority granted by the shareholders earlier this year. This strategic move underscores NBPE's commitment to enhancing shareholder value and reflects its confidence in future growth.
Details of the Share Buyback Transaction
This significant buyback was carried out on the London Stock Exchange, where a total of 10,000 Class A Shares were purchased. The execution of this buyback aligns seamlessly with the broader objectives of strengthening the Company’s equity structure, which is crucial in today's fluctuating market.
Market Context and Participation
The transaction took place on October 30, and interestingly, the shares were acquired between prices of £15.10 and £14.94. This narrow range reflects a tactical approach to financially managing share capital in a way that supports the Company’s long-term goals while providing immediate value to existing shareholders.
Current Share Capital Structure
Upon completion of the buyback, all purchased Class A Shares will be canceled, adjusting the total outstanding shares to 44,536,091. Additionally, the Company holds 3,150,408 Class A Shares in treasury. It’s essential for market participants to note that this adjusted number—44,536,091 voting rights—will serve as the base figure for any notifications related to shareholder interests moving forward.
About the Company
NB Private Equity Partners Limited is dedicated to performing direct private equity investments in collaboration with leading private equity firms worldwide. Responsible for these investments is NB Alternatives Advisers LLC, a reputable subsidiary of Neuberger Berman Group LLC. This structure fosters an investment environment characterized by greater efficiency compared to other publicly traded private equity entities.
Investment Strategy and Management
NBPE aims for sustainable capital appreciation over time while ensuring that a bi-annual dividend is paid out to its shareholders. This strategy has demonstrated its effectiveness in navigating complex investment landscapes, as NBPE continues to grow and deliver returns while managing risks judiciously.
Communicating with Stakeholders
For inquiries or further information regarding this transaction or the Company’s ongoing operations, stakeholders are encouraged to connect with NBPE Investor Relations. The Company maintains open lines of communication, showcasing its commitment to transparency and stakeholder engagement.
Contact Information:
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
Luke Dampier
Charlotte Francis
Frequently Asked Questions
What is the purpose of NBPE's recent share buyback?
The recent share buyback by NBPE aims to enhance shareholder value and strengthen the Company’s equity structure amid market fluctuations.
How many shares were bought back in this transaction?
A total of 10,000 Class A Shares were repurchased as part of this buyback strategy.
What will happen to the shares purchased during the buyback?
All Class A Shares acquired during the buyback will be canceled, reducing the total outstanding shares accordingly.
What is the significance of the new total outstanding shares?
The new total of 44,536,091 voting rights will be the figure used for notifying any interest or changes related to shareholdings in the Company.
Who manages NBPE's investments?
The investment management is handled by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC, focusing on efficient investment practices.
