NB Private Equity Partners Announces Share Buy-Back
In a recent announcement, NB Private Equity Partners, commonly referred to as NBPE, has shared significant updates regarding its Class A Shares buy-back initiative. This undertaking was executed under the authority granted by its shareholders back in June and adheres to a carefully structured agreement with Jefferies International Limited.
Details of the Transaction
This transaction is a vital step in NBPE's financial strategy, showcasing the company's dedication to enhancing shareholder value. On September 19, as part of this buy-back, a total of 14,160 Class A Shares were repurchased. This move positions the company to effectively manage its capital structure and deliver returns to its investors.
Date of Purchase
The purchase occurred on September 19, and it was conducted on the London Stock Exchange, a platform known for providing transparency and reliability for market participants.
Financial Metrics
During the buy-back, the shares were acquired at a range of prices, with the highest recorded at £14.48 and the lowest at £14.32. These figures reflect the company's ability to execute buy-backs effectively and manage its share price proactively.
Impact on Outstanding Shares
Following the completion of the buy-back, all acquired shares are slated for cancellation. This action will bring the total number of outstanding Class A Shares to 45,241,594, significantly impacting market dynamics. Additionally, the company retains 3,150,408 Class A shares in treasury.
For those analyzing voting rights and share interests, it is crucial to note that the accurate figure for determining notifications under FCA’s Disclosure Guidance and Transparency Rules is now 45,241,594 voting rights.
Contact Information for Stakeholder Inquiries
NB Private Equity Partners encourages any interest in this matter to be directed to their investor relations team. 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 and Charlotte Francis
About NB Private Equity Partners Limited
NB Private Equity Partners Limited is dedicated to investing in private equity opportunities in collaboration with top-tier private equity firms on a global scale. The company's investment management is directed by NB Alternatives Advisers LLC, a subsidiary of the reputable Neuberger Berman Group LLC. This dual approach allows NBPE to engage in direct investments without management fees or carried interest typically associated with third-party general partners, enhancing overall fee efficiency.
NBPE aspires to achieve capital appreciation through a strategic growth in net asset value over time while committing to a bi-annual dividend for its shareholders.
About Neuberger Berman
Neuberger Berman stands as a pioneering independent investment manager, boasting a history since 1939. With a robust team of over 2,800 employees distributed across 26 countries, it manages an impressive $538 billion in diversified portfolios, encompassing equities, fixed income, private equity, real estate, and hedge funds. Neuberger Berman’s strategy is rooted in active management, rigorous research, and committed ownership, solidifying its reputation as a leader in the field.
For further insight into the firm’s accolades, it has consistently ranked among the top firms to work for in money management, underscoring its commitment to employee satisfaction and outstanding workplace culture.
Frequently Asked Questions
What is the main reason for NBPE's share buy-back?
NBPE's share buy-back reflects its commitment to enhancing shareholder value and managing its capital structure efficiently.
How many shares did NBPE buy back?
The company bought back a total of 14,160 Class A Shares as part of its buy-back initiative.
What was the price range of the shares bought back?
The shares were purchased at a highest price of £14.48 and a lowest price of £14.32.
What will happen to the shares that were bought back?
All bought-back shares will be cancelled, reducing the number of outstanding shares.
Who can I contact for more information about NBPE?
Inquiries can be directed to NBPE Investor Relations at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
