NB Private Equity Partners Announces Results of its Third Annual General Meeting
11 Maggio 2010 - 3:00PM
UK Regulatory
TIDMNBPE
NB Private Equity Partners Limited (the "Company") announces that it held its
Third Annual General Meeting at its Registered Office on 7(th) May 2010 and
confirms that the following resolutions were duly passed as ordinary
resolutions:-
1. To receive and adopt the Audited Financial Statements, the Directors' report,
and the Auditors' report for the year ended 31(st) December 2009.
2. To re-appoint John P Buser as Director of the Company, retiring in accordance
with Article 26.2 of the Company's Articles of Incorporation.
3. To re-appoint Peter Von Lehe as Director of the Company, retiring in
accordance with Article 26.2 of the Company's Articles of Incorporation.
4. To re-appoint KPMG Channel Islands Limited, who have indicated their
willingness to continue in office, as Auditors of the Company and to hold office
until the next Annual General Meeting.
5. To authorise the Directors to determine KPMG Channel Islands Limited's
remuneration.
6. THAT the Company be authorised in accordance with section 315 of The
Companies (Guernsey) Law, 2008 (the "Companies Law"), to make market purchases
(within the meaning of section 316 of the Companies Law) of its own Class A
Shares, provided that:
(a) the maximum number of Class A Shares authorised to be purchased is up to
14.99 per cent. of NAV per year;
(b) the minimum price which may be paid for a Class A Share is US$0.01;
(c) the maximum price which may be paid for a Class A Share is an amount equal
to the higher of (a) 5 per cent. above the average market value of the Class A
Shares on the regulated market where the repurchase is carried out for the five
business days before the purchase is made and (b) the higher of (i) the price of
the last independent trade and (ii) the highest current independent bid price,
in each case on the regulated market where the purchase is carried out;
(d) such authority shall expire at the annual general meeting of the Company in
2011 unless such authority is varied, revoked or renewed prior to such date by
an ordinary resolution of the Company; and
(e) the Company may make a contract to purchase Class A Shares under such
authority prior to its expiry which will or may be executed wholly or partly
after its expiration and the Company may make a purchase of Shares pursuant to
any such contract.
7. THAT, in accordance with section 292 of the Companies Law subject at all
times to the Articles of Incorporation, the power of the Board to issue its
Class A Shares, Class B Shares and ZDP Shares (collectively the "Shares") be
extended subject to the following:
(a) the Board may issue an unlimited number of Shares in the Company up to the
following limits:
i) a maximum of 500,000,000 Class A Shares of US$0.01 each;
ii) a maximum of 100,000 Class B Shares of US$0.01 each; and
iii) a maximum of 500,000,000 ZDP Shares of no par value each;
(b) such authority shall expire at the 5(th) anniversary of the date of adoption
of this resolution unless such authority is varied, revoked or renewed prior to
such date by an ordinary resolution of the Company; and
(c) at or before the expiry of the 5(th) anniversary of the date of adoption of
this resolution, the Members may, by Ordinary Resolution, extend the power of
the Board to issue Shares for further periods. Each period of extension may be
for no more than 5 years.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Oriel Securities +44 20 7710 7600
Joe Winkley
Neil Langford
Financial Dynamics +44 20 7269 7114
Robert Bailhache
Nick Henderson
About NB Private Equity Partners Limited
NBPE is a closed-end private equity fund of funds investment company with Class
A ordinary shares admitted to trading on Euronext Amsterdam and the Specialist
Fund Market of the London Stock Exchange. NBPE has ZDP shares admitted to
trading on the Specialist Fund Market of the London Stock Exchange and the Daily
Official List of the Channel Islands Stock Exchange. NBPE holds a diversified
portfolio of private equity fund investments and direct co-investments selected
by the NB Alternatives group of Neuberger Berman, diversified across private
equity asset class, geography, industry, vintage year and sponsor.
www.nbprivateequitypartners.com <http://www.nbprivateequitypartners.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 and the States of Guernsey Policy Council. NBPE is registered with
the Dutch Authority for the Financial Markets as a collective investment scheme
which may offer participations in The Netherlands pursuant to article 2:66 of
the Financial Markets Supervision Act (Wet op het financial toezicht). All
investments are subject to risk. Past performance is no guarantee of future
returns. 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.
Oriel Securities Limited ("Oriel") is acting for NBPE and no-one else in
connection with NBPE and will not be responsible to anyone other than NBPE for
providing the protections afforded to customers of Oriel or for providing advice
in relation to NBPE.
[HUG#1414813]
NB Private Equity Partners Announces Results of its Third Annual General Meeting: http://hugin.info/137843/R/1414813/366080.pdf
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