NB Private Equity Partners Announces Transaction in Own Shares
July 11 2023 - 1:00AM
NB Private Equity Partners Announces Transaction in Own Shares
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 (“NBPE” or the
“Company”) today announces details of Class A Shares bought back
pursuant to general authority granted by shareholders of the
Company on 15 June 2023 and the share buy-back agreement with
Jefferies International Limited.
Transaction on London Stock
Exchange
Date of purchase
of Shares |
10 July 2023 |
Number of Shares
purchased |
3,400 Class A Shares |
Highest
price/lowest price paid |
£15.12 / £15.12 |
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 46,502,606. 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 46,502,606 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
nbpe@kl-communications.comLuke DampierCharlotte Francis
About NB Private Equity Partners
LimitedNBPE 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. Neuberger Berman’s investment philosophy is founded on
active management, engaged ownership and fundamental research,
including industry-leading research into material environmental,
social and governance factors. Neuberger Berman is a PRI Leader, a
designation awarded to fewer than 1% of investment firms. With
offices in 26 countries, the firm’s diverse team has over 2,700
professionals. For nine consecutive years, Neuberger Berman 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 manages $436 billion in client assets
as of March 31, 2023. 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.
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