NB Private Equity Partners Limited NB Private Equity Partners; Share BuyBack Extension
31 Agosto 2012 - 8:03AM
UK Regulatory
TIDMNBPE
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTOAUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY
NATIONAL OF SUCHJURISDICTIONS
NB Private Equity Partners Announces Extension to Share Buy-Back Programme
31 August 2012
NB Private Equity Partners Limited ("NBPE" or "the Company"), a closed-end
private equity fund of funds investment company, today announces the extension
of the share buy-back programme (the "Programme") that was implemented with
effect from 22 October 2010. The
Programme, which was due to expire on 31 August 2012, was designed with the
objective of implementing the capital return policy announced by the Company on
15 October 2010. The Board believe that it is in the interests of shareholders
in the Company to extend the term of the Programme to 30 November 2012. The
other terms and conditions of the Programme will not be amended in any way. NBPE
has appointed Jefferies International Limited ("Jefferies") to manage the
Programme and authorised Jefferies to effect on-market repurchases of class A
ordinary shares ("Shares") on behalf of the Company on Euronext Amsterdam and/or
the Specialist Fund Market of the London Stock Exchange plc (each an
"Exchange").
Pursuant to and during the term of the Programme, Jefferies may independently
of, and without influence by NBPE, purchase Shares from time to time at its
absolute discretion provided that:
i) the maximum price payable for a Share on an Exchange may not exceed the
higher of
(i) the price of the last independent trade; and (ii) the highest current
independent bid, in each case with respect to the Shares on the relevant
Exchange; and
ii) the aggregate number of Shares which may be acquired on behalf of the
Company in connection with the Programme (inclusive of any Shares repurchased by
the Company prior to the date of this announcement) shall not exceed 6,776,250
(representing 13.9% of the Company's issued share capital as at the date of this
announcement).
As at the date of this announcement, 2,221,823 Shares have been bought back by
the Company pursuant to the Programme. As such, the Company is permitted to
purchase up to 4,554,427 more Shares under the terms of the Programme.
Share buy-backs under the Programme will be made pursuant to the shareholder
authority granted to the Company at the Annual General Meeting held on 15 May
2012, as detailed in the announcement made by the Company on 16 May 2012.
Due to the limited liquidity in the Shares, a buy-back of Shares pursuant to the
Programme on any trading day is likely to represent a significant proportion of
the daily trading volume in the Shares on the relevant Exchange (and is likely
to materially exceed the 25% and 50% limits of the average daily trading volume
during September 2010 as referred to in the
Commission Regulation (EC) No. 2273/2003 on buy-back programmes).
NBPE will continue to make a public announcement of any market repurchase of
Shares no later than 7:30a.m. (London time)/8:30a.m. (Amsterdam time) on the
business day following the calendar day on which the repurchase occurred. Shares
bought back under the Programme will be cancelled.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
FTI Consulting +44 20 7269 7237
Neil Doyle
Edward Berry
About NB Private Equity Partners Limited
NBPE is a closed-end private equity 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.
About Neuberger Berman
Established in 1939, Neuberger Berman is one of the world's leading private,
independent employee-controlled asset management firms, managing approximately
$194 billion in assets as of June 30, 2012. Neuberger Berman provides a broad
range of global investment solutions to institutions and individuals through
customized separately managed accounts, funds and alternative investment
products. 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 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.
Jefferies is acting for NBPE and no one else in connection with the repurchase
of Shares pursuant to the Programme and will not be responsible to anyone other
than NBPE for providing the protections afforded to clients of Jefferies or for
providing advice in relation to such repurchases, or to the matters referred to
in this announcement.
NB Private Equity Partners; Share BuyBack Extension:
http://hugin.info/137843/R/1637718/526625.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NB Private Equity Partners Limited via Thomson Reuters ONE
[HUG#1637718]
Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Lug 2023 a Lug 2024