Private Equity Investor PLC Net Asset Value(s) (7378J)

TIDMPEQ

RNS Number : 7378J

Private Equity Investor PLC

14 September 2016

PRIVATE EQUITY INVESTOR PLC

Private Equity Investor PLC (the "Company") announces an unaudited Net Asset Value ("NAV") at 31 August 2016 (the "Reporting Date") of 224.31 pence (US 293.83 cents) per share, which includes the current period deficit, the costs in respect of the cash offer for the Company and incorporates the most recently available valuations of the Company's private equity fund investments (the "Funds") referred to below. The exchange rate at which the NAV was calculated was GBP=US$1.3099.

The Company's valuation policy for its Funds is based on the latest valuations reported by the Funds. The Funds report quarterly and between reports the Company will adjust the valuations for calls made to the Funds and distributions received from the Funds. When publishing the Company's NAV at the end of each month it is not the Company's practice or policy to adjust the value of any investments held within the Funds.

As of the Reporting Date, the Company's unrestricted cash stood at GBP5.7 million, and restricted cash stood at GBP2.8 million. The Company held no marketable securities as of the Reporting Date. Restricted cash represents amounts required to fulfil existing capital commitments to PEI's Funds.

The Company had 11,945,519 outstanding shares still in issue.

Valuation dates of the Funds:

 
 Dawntreader Fund II                30 June 2016 
 Draper Fisher Jurvetson            30 June 2016 
  ePlanet Ventures 
 Draper Fisher Jurvetson            30 June 2016 
  Fund VI 
 Draper Fisher Jurvetson            30 June 2016 
  Fund VII 
 Draper Fisher Jurvetson            30 June 2016 
  Gotham Venture Fund 
 Focus Ventures II                  30 June 2016 
 Francisco Partners II &            30 June 2016 
  Cayman 
 Institutional Venture Partners     30 June 2016 
  XII 
 New Enterprise Associates          30 June 2016 
  9 
 New Enterprise Associates          30 June 2016 
  10 
 New Enterprise Associates          30 June 2016 
  12 
 Oak Investment Partners            30 June 2016 
  X 
 TCV IV                             30 June 2016 
 Vanguard VII                       30 June 2016 
 Vantagepoint Venture Partnership   30 June 2016 
  IV 
 Vantagepoint 2006 Fund             30 June 2016 
 Vector Capital IV                  30 June 2016 
 Zone Venture Fund II               30 June 2016

14 September 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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September 14, 2016 02:01 ET (06:01 GMT)

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