NB Private Equity Partners Executes Share Buyback Initiative
NB Private Equity Partners (“NBPE” or the “Company”) has announced significant developments regarding its Class A Shares. Following a mandate given by shareholders, the Company has pursued a proactive approach to managing its share capital, thereby enhancing value for its investors.
Details on Recent Share Buyback
As part of an ongoing strategy to manage its capital structure effectively, NBPE engaged in a share buyback transaction. This activity took place in response to shareholder authority granted on a previous occasion. The buyback involved 11,040 Class A Shares purchased through an agreement with Jefferies International Limited.
Transaction Specifics
The details of the transaction are as follows: the shares were acquired at prices ranging from £15.10 to £15.24 per share. Following this transaction, the total number of Class A Shares outstanding will be adjusted to 45,878,982, with 3,150,408 shares held in treasury.
The Impact on Shareholder Interests
All Class A Shares bought back will be canceled, reflecting a commitment to shareholder value. This adjustment is vital for investors and potential stakeholders as it directly influences voting rights. After the cancellation of the repurchased shares, the market will note an updated figure of 45,878,982 voting rights, essential for informed decision-making regarding interests in the Company.
Company Contact Information
For further details about this buyback initiative and related inquiries, interested parties are encouraged to reach out to the NBPE Investor Relations team at +44 20 3214 9002. Meanwhile, Kaso Legg Communications is also available at +44 (0)20 3882 6644 for any related queries.
Empowering Investors: NBPE’s Vision
NB Private Equity Partners is dedicated to making strategic investments alongside leading private equity firms globally. Their unique approach eliminates management fees on most direct investments, promoting a cost-efficient model that translates to better results for their shareholders.
About NB Private Equity Partners Limited
NEUBERGER BERMAN GROUP LLC, the investment manager, is responsible for sourcing and managing these investments. With nearly a century of history in active management, NBPE continues to adapt to market challenges while focusing on growth in net asset value, providing bi-annual dividends to its investors.
About Neuberger Berman
As a prominent player in the investment management industry, Neuberger Berman offers a wide range of investment solutions across various asset classes. With over $500 billion in managed assets and a commitment to responsible investing, they have earned recognition for their dedication to environmental, social, and governance practices.
Frequently Asked Questions
What is the purpose of the NBPE share buyback?
The share buyback is aimed at managing capital structure effectively and enhancing shareholder value.
How many Class A Shares were purchased?
11,040 Class A Shares were bought back during this recent transaction.
What will happen to the shares purchased back?
All bought-back shares will be canceled, thereby reducing the number of outstanding shares.
Who should I contact for more information about NBPE?
You can contact NBPE Investor Relations at +44 20 3214 9002 for inquiries regarding the buyback and other investor-related questions.
How does NBPE manage its investments?
NBPE collaborates with leading private equity firms and utilizes a no-fee model on most direct investments, enhancing overall efficiency and results for investors.
