NBPE Nb Private Equity Partners Limited

 
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] 
 

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