Petershill Partners PLC Reduction of Capital (2918E)
29 Giugno 2023 - 8:00AM
UK Regulatory
TIDMPHLL
RNS Number : 2918E
Petershill Partners PLC
29 June 2023
Petershill Partners plc
Reduction of Capital
LONDON - 28 June 2023 - Petershill Partners plc (the "Company")
(LSE:PHLL) is pleased to announce that, following approval of the
cancellation of the amount standing to the credit of the Company's
share premium account in full (the "Reduction of Capital") by the
Company's shareholders at its annual general meeting held on 24 May
2023 and formal approval on 20 June 2023 by His Majesty's High
Court in England (the "Court"), the court order confirming the
Reduction of Capital and a statement of capital approved by the
Court were registered by the Registrar of Companies on 26 June
2023. Accordingly, the Reduction of Capital has now become
effective.
Further information relating to the Reduction of Capital, which
will create additional distributable reserves of approximately
US$3.35 billion, is set out in the Company's notice of annual
general meeting published on 12 April 2023. The Reduction of
Capital itself does not involve any distribution or repayment of
capital by the Company and does not change the total number of
shares issued by the Company or the total shareholders funds
-ENDS-
Contacts
Ocorian Administration (UK) Limited (Company Secretary)
:
Emma Wood +44 777 5658 193
gsam@ocorian.com
Analyst / investor enquiries:
Gurjit Kambo +44 207 051 2564
PHP-Investor-Relations@gs.com
Media enquiries:
Brunswick Group +44 207 404 5959
Simone Selzer phll@brunswickgroup.com
Issued by Petershill Partners plc
LEI: 13800HTCF8A7XM22A32
Registered in England and Wales no. 13289144
Registered office: 5th Floor 20 Fenchurch Street, London,
England, EC3M 3BY
About Petershill Partners plc
Petershill Partners plc and its subsidiaries (the "Group") is a
diversified, global alternatives investment group focused on
private equity and other private capital strategies. Through our
economic interests in alternative asset management firms
("Partner-firms"), we provide investors with exposure to the growth
and profitability of the alternative asset management industry. The
Company is operated by Goldman Sachs Asset Management and is
governed by a diverse and fully independent Board of Directors.
Through our Partner-firms, we have exposure to US$290 billion of
Aggregate Partner-firm AuM, comprising a diverse set of more than
200 long-term private equity and other private capital funds where
capital is typically locked in over a multi-year horizon. These
underlying funds generate recurring management fees and the
opportunity for meaningful profit participation over the typical 8+
year lifecycles of such funds. We believe our approach is aligned
with the founders and managers of our Partner-firms and, as a
result, allows the Company to participate in these income streams
in a way that provides high-margin, diversified and stable cash
flows for our shareholders.
For more information, visit
https://www.petershillpartners.com/homepage.html. Information on
the website is not incorporated by reference into this press
release and is provided merely for convenience.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCZZGZVVRLGFZM
(END) Dow Jones Newswires
June 29, 2023 02:00 ET (06:00 GMT)
Grafico Azioni Petershill Partners (LSE:PHLL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Petershill Partners (LSE:PHLL)
Storico
Da Giu 2023 a Giu 2024