NB Private Equity Partners' Recent Share Buyback Announcement
NB Private Equity Partners (“NBPE” or the “Company”) has formally announced the completion of a recent share buyback involving its Class A Shares. This move is part of a general authority granted by shareholders and follows the terms outlined in the share buyback agreement with Jefferies International Limited.
Details of the Transaction
On September 22, a total of 11,962 Class A Shares were repurchased. The highest and lowest price paid for these shares stands at £14.34, reflecting the Company’s commitment to enhancing shareholder value through strategic transactions.
Share Cancellation and Outstanding Shares
Following this buyback, all acquired Class A Shares will be cancelled. This brings the total number of outstanding shares to 45,229,632. Furthermore, the company currently holds an additional 3,150,408 Class A shares in treasury.
Importance of Shareholder Notification
For reporting purposes under the FCA's Disclosure Guidance and Transparency Rules, stakeholders will use the figure of 45,229,632 voting rights. This number will be crucial for determining notification requirements regarding interest in the Company.
Contact Information for Investors
For any inquiries regarding this transaction or other investments, interested parties can reach out to:
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
About NB Private Equity Partners Limited
NBPE specializes in direct private equity investments globally, partnering with top-tier private equity firms. The investment management is overseen by NB Alternatives Advisers LLC, a wholly-owned subsidiary of Neuberger Berman Group LLC. This approach allows NBPE to minimize management fees, providing a distinct advantage over traditional private equity structures.
Investment Strategy and Returns
The Company targets capital appreciation with a strong emphasis on growth in net asset value, offering bi-annual dividends to its investors. The efficient fee structure helps maximize returns, aligning shareholder interests with management.
About Neuberger Berman
Neuberger Berman stands as an employee-owned, independent investment manager with a robust global presence, comprising over 2,800 staff across 26 countries. They manage significant assets, amounting to $538 billion, across various investment categories including equity, fixed income, and real estate.
Philosophy and Workplace Culture
The firm promotes active management and fundamental research as cornerstones of its investment philosophy. They have consistently been recognized among the best workplaces in Money Management for over eleven years, emphasizing the dedication of its workforce.
Conclusion
NB Private Equity Partners Limited’s latest actions highlight its proactive strategy in managing shareholder interests through effective share buybacks and transparency in reporting. Investors are encouraged to engage with the company as it continues to navigate the private equity landscape.
Frequently Asked Questions
What is the recent announcement from NBPE?
NBPE announced a buyback of 11,962 Class A Shares, reaffirming its commitment to shareholder value.
What will happen to the bought back shares?
All bought back shares will be cancelled to reduce the overall number of outstanding shares.
How many shares are currently outstanding after the buyback?
After the buyback, the total number of outstanding Class A Shares is 45,229,632.
Who should I contact for further information regarding NBPE?
Investors can contact NBPE Investor Relations or Kaso Legg Communications for any inquiries or further information.
What is the investment focus of NBPE?
NBPE invests in direct private equity opportunities alongside top private equity firms, focusing on optimizing fee structures and achieving capital appreciation.
