NB Private Equity Partners Limited Nb Private Equity: Transaction In Own Shares
March 11 2020 - 3:00AM
UK Regulatory
TIDMNBPE
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
NB Private Equity Partners Announces Transaction in Own Shares
11 March 2020
NB Private Equity Partners ("NBPE" or the "Company") today announces
details of Class A Shares bought back pursuant to general authority
granted by shareholders of the Company on 23 September 2019 and the
share buy-back agreement with Jefferies International Limited.
Transaction on London Stock Exchange
Date of purchase of Shares 10 March 2020
Number of Shares purchased 20,934 Class A Shares
Highest price/lowest price paid GBP10.50 / GBP10.50
ISIN for the Shares GG00B1ZBD492
All Class A Shares bought back will be cancelled. Following the
cancellation, the number of outstanding Class A Shares is 46,761,030.
The Company also has 3,150,408 Class A shares held in treasury. For
reporting purposes under the FCA's Disclosure Guidance and Transparency
Rules the market should use the figure of 43,610,622 voting rights when
determining if they are required to notify their interest in, or a
change to their interest in the Company.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3995 6673
Charles Gorman
https://www.globenewswire.com/Tracker?data=vv6NFOSz-2pjniT7zLLU4J05Ua7KCTZDbCzuq8JLV63lNjVIIjjJ_CIHUh9D6HIpPd7w8-CivCVZ6bl6YQLEc-51mF2REvjCzuAlbaTNsNCAgnnoOV_kkGnPXzrRBzM5
nbpe@kl-communications.com
About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market
leading private equity firms globally. NB Alternatives Advisers LLC (the
"Investment Manager"), an indirect wholly owned subsidiary of Neuberger
Berman Group LLC, is responsible for sourcing, execution and management
of NBPE. The vast majority of direct investments are made with no
management fee / no carried interest payable to third-party GPs,
offering greater fee efficiency than other listed private equity
companies. NBPE seeks capital appreciation through growth in net asset
value over time while paying a bi-annual dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies--including equity, fixed income, quantitative and multi-asset
class, private equity, real estate and hedge funds--on behalf of
institutions, advisors and individual investors globally. With offices
in 23 countries, Neuberger Berman's diverse team has 2,200
professionals. For six consecutive years, the company has been named
first or second in Pensions & Investments Best Places to Work in Money
Management survey (among those with 1,000 employees or more). The firm
was awarded an A+ in every category in the latest 2019 PRI report for
our approach to ESG integration across asset classes. The firm manages
$356 billion in client assets as of December 31, 2019. For more
information, please visit our website at www.nb.com.
This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase
any security.
NBPE is established as a closed-end investment company domiciled in
Guernsey. NBPE has received the necessary consent of the Guernsey
Financial Services Commission. The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results. This
document is not intended to constitute legal, tax or accounting advice
or investment recommendations. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making
any investment decision. Statements contained in this document that are
not historical facts are based on current expectations, estimates,
projections, opinions and beliefs of NBPE's investment manager. Such
statements involve known and unknown risks, uncertainties and other
factors, and undue reliance should not be placed thereon. Additionally,
this document contains "forward-looking statements." Actual events or
results or the actual performance of NBPE may differ materially from
those reflected or contemplated in such targets or forward-looking
statements.
(END) Dow Jones Newswires
March 11, 2020 03:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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