Princess Private Equity Holding Ltd Dividend Declaration (0959W)
November 10 2017 - 2:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 0959W
Princess Private Equity Holding Ltd
10 November 2017
News Release
Guernsey, 10 November 2017
Princess Private Equity declares second interim dividend and
announces Sterling dividend currency election and dividend
re-investment plan
The Board of Directors of Princess Private Equity Holding
Limited ("Princess" or the "Company") announces a second interim
dividend of EUR 0.28 per share for the 2017 calendar year.
Dividends for the full year, including the first interim dividend
paid in June, total EUR 0.56 per share, a 3.7% increase on the
prior year (2016: EUR 0.54 per share). This translates into an
annualized yield of 5.1% on the net asset value (NAV) per share as
of 30 September 2017 and a dividend yield of 5.3% on the 30
September 2017 closing share price.
The Board of Directors also announces two actions related to the
Company's dividend: a Sterling currency election and a dividend
re-investment plan.
Sterling currency election
On 6 September 2017, the Company announced the intention to
introduce an additional market quote in Sterling for its existing
ordinary shares in the London Stock Exchange, alongside the
Company's existing Euro market quote. The purpose of the
introduction of the Sterling quote is to broaden the potential
ownership of the Company's ordinary shares. Following the
introduction of the Sterling quote, which was admitted to trading
on 8 September, the Board is pleased to announce that shareholders
will have the option to make a dividend currency election to
receive dividends in Sterling. For the avoidance of doubt, all
dividends will continue to be declared in Euros and the default
currency for dividend payments will remain Euros.
Dividend re-investment plan
The Board believes that the Company's dividend policy is an
attractive feature for shareholders. However, it recognises that
certain investors have a greater focus on capital growth and would
prefer to re-invest the dividend proceeds in additional shares. To
facilitate this, the Company offers a dividend re-investment plan,
which allows shareholders to elect to re-invest their dividend
proceeds automatically.
Brain Human, Chairman, comments, "It is the Board's intention
that Princess will continue to pay an attractive dividend yield
between 5-8% of NAV per annum based on Princess' NAV in Euros.
While the default currency for both reporting and dividend payments
remains Euros, we are pleased to offer shareholders the option to
invest in the company's shares via the new Sterling market quote
and to elect to receive dividends in Sterling. In conjunction with
the dividend re-investment plan, we hope that these initiatives
will continue to broaden the appeal of the Company and to create
value for shareholders."
The second interim dividend for the year will be paid on 22
December 2017. The relevant date for the entitlement to the
dividend (record date) will be 24 November 2017 and the
corresponding ex-dividend date will be 23 November 2017. The last
date for the currency election and the dividend re-investment plan
will be 1 December 2017.
Shareholders wishing to make a currency election should complete
the form available in the Dividend Information section on the
Company's website:
www.princess-privateequity.net/en/investor_relations/dividend_information.php
Shareholders that wish to elect for the dividend re-investment
plan can visit www.signalshares.com and make an online election.
Alternatively, shareholders can contact Link Asset Services on +44
(0)371 664 0321 to receive a personalized dividend reinvestment
plan election form.
Ends.
About Princess
Princess is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests, inter alia, in private equity
and private debt investments. Princess is advised in its investment
activities by Partners Group, a global private markets investment
management firm with over EUR 57 billion in investment programs
under management in private equity, private debt, private real
estate and private infrastructure. Princess aims to provide
shareholders with long-term capital growth and an attractive
dividend yield. Princess is traded on the London Stock Exchange
(ticker symbols: PEY for the Euro quote; PEYS for the Sterling
quote). Further information: www.princess-privateequity.net.
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: Jenny.Blinch@partnersgroup.com
www.partnersgroup.com
This document does not constitute an offer to sell or a
solicitation of an offer to buy or subscribe for any securities and
neither is it intended to be an investment advertisement or sales
instrument of Princess Private Equity Holdings. The distribution of
this document may be restricted by law in certain jurisdictions.
Persons into whose possession this document comes must inform
themselves about, and observe any such restrictions on the
distribution of this document. In particular, this document and the
information contained therein is not for distribution or
publication, neither directly nor indirectly, in or into the United
States of America, Canada, Australia or Japan.
This document may have been prepared using financial information
contained in the books and records of the product described herein
as of the reporting date. This information is believed to be
accurate but has not been audited by any third party. This document
may describe past performance, which may not be indicative of
future results. No liability is accepted for any actions taken on
the basis of the information provided in this document. Neither the
contents of Princess' website nor the contents of any website
accessible from hyperlinks on Princess' website (or any other
website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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