Update on NB Private Equity Partners' Share Buyback Activities
Overview of the Share Buyback Announcement
Today, NB Private Equity Partners announced a significant transaction involving their Class A Shares. This announcement comes as part of a larger strategy that was authorized by shareholders to enhance shareholder value and optimize the company's capital structure. The details surrounding this strategic move underscore the company's commitment to delivering value to its investors.
Details of the Share Buyback
The recent transaction saw the Company buy back a total of 15,929 Class A Shares. This action was executed through an agreement with Jefferies International Limited, ensuring a structured approach to the buyback process. This buyback was in accordance with the general authority previously granted by shareholders, emphasizing the collaborative nature of corporate governance at NB Private Equity Partners.
Date of Transaction
The shares were purchased on April 10, 2025, reinforcing the Company's active approach to managing its share portfolio and responding to market conditions effectively.
Financial Details
The buyback was executed at a range of £14.44 to £13.90 per share, demonstrating the Company’s tactical financial planning and its readiness to seize market opportunities. The ISIN for the shares involved is GG00B1ZBD492, allowing for easy tracking and compliance with market regulations.
Impact on Outstanding Shares
Following this transaction, the number of outstanding Class A Shares will be reduced to 45,688,526 as the bought-back shares will be officially cancelled. Additionally, the Company holds 3,150,408 Class A shares in treasury, which adds to its financial flexibility and strategic options for future engagements.
Reporting and Compliance
In compliance with the FCA's Disclosure Guidance and Transparency Rules, the market should utilize the figure of 45,688,526 voting rights when assessing interest notifications regarding the Company. This transparency is essential for maintaining market integrity and investor confidence.
Contact Information for Inquiries
Investors can obtain further information regarding this announcement directly from: NBPE Investor Relations
For inquiries, reach out via phone at +44 20 3214 9002 or email at NBPrivateMarketsIR@nb.com.
Alternatively, you can contact Kaso Legg Communications at +44 (0)20 3882 6644, or via email at nbpe@kl-communications.com. They will provide assistance for any related inquiries.
About NB Private Equity Partners
NB Private Equity Partners Limited (NASDAQ: NBPE) specializes in direct private equity investments in collaboration with leading private equity firms on a global scale. Managed by NB Alternatives Advisers LLC, a fully owned subsidiary of Neuberger Berman Group LLC, the Company focuses on growing its net asset value over time while providing bi-annual dividends to investors.
About Neuberger Berman
Neuberger Berman stands as a pioneering force within the investment management sphere with over 2,800 employees across 26 countries. With assets exceeding $500 billion, the firm offers diversified portfolios that include equities, fixed income, private equity, real estate, and hedge funds for various clients worldwide. Recognized for its governance and commitment to sustainability, Neuberger Berman is not just a leader in asset management but also a proactive steward of responsible investing.
Frequently Asked Questions
What was the reason behind the share buyback?
The share buyback was aimed at enhancing shareholder value and optimizing the Company's capital structure, showing a commitment to its investors.
How many shares were bought back?
NB Private Equity Partners bought back a total of 15,929 Class A Shares during this transaction.
What is the current number of outstanding shares?
After the buyback, the number of outstanding Class A Shares will be 45,688,526.
How does this transaction affect investors?
The transaction is expected to positively impact investors by enhancing the value of remaining shares and providing a strong signal of the Company's financial health and strategic direction.
Where can I find more information on NB Private Equity Partners?
For further details, you can contact NBPE Investor Relations or visit their official website.
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