TIDMPIN
RNS Number : 6830Q
Pantheon International PLC
19 October 2023
For immediate release
FOR DISTRIBUTION ONLY OUTSIDE THE UNITED STATES TO PERSONS OTHER
THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED). THE INFORMATION
CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS RELEASE,
PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THE INFORMATION
CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR
SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. THIS ANNOUNCEMENT
DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER
OFFER (AS DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM
WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO
MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR OTHERWISE.
PANTHEON INTERNATIONAL PLC
("PIP" or the "Company")
COMPLETION OF TENDER OFFER AND TOTAL VOTING RIGHTS
19 October 2023
Completion of Tender Offer
On 19 October 2023, PIP acquired 49,180,327 of the Company's
Ordinary Shares, pursuant to the Tender Offer announced on 25
September 2023. All Shares repurchased by the Company have been
cancelled. Each Share acquired by the Company in the Tender Offer
was purchased at the Strike Price of 305 pence per Ordinary
Share.
Settlement of the Tender Offer consideration in CREST and
despatch of cheques is expected to occur on 26 October 2023.
Terms used in this announcement shall have the same meaning as
set out in the Company's Circular in respect of the Tender Offer
dated 25 September 2023.
Based on the last published NAV of 31 August 2023, it is
expected that the Tender Offer will deliver a circa. 3.4 per cent.
uplift to NAV per share.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
Guidance and Transparency Rule 5.6.1, the Company notifies the
market of the following:
As at 19 October 2023 the issued share capital and voting rights
of PIP are as follows:
Class Total Number Total Number Total
of share number of voting number of shares number
of shares rights of voting held in of shares
in circulation attached rights treasury in issue
to each of shares (carrying
share in circulation no voting
rights attached
until issued)
Ordinary
6.7p shares 478,041,656 1 478,041,656 0 478,041,656
---------------- ----------- ---------------- ----------------- ------------
The above total voting rights figure may be used by shareholders
as the denominator for the calculations by which they should
determine whether they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Contacts
Chair (via Company Secretary)
Link Alternative Fund Administrators Limited
Nezia Morgan +44 (0)7702 965 986
Pantheon
Helen Steers / Vicki Bradley +44 (0)20 3356 1800
Jie Gong +852 3718 9605
Investec Bank plc (Joint Corporate Broker and Joint Tender
Manager for the purposes of the Tender Offer)
Lucy Lewis +44 (0)20 7597 4000
Tom Skinner
J.P. Morgan Cazenove (Joint Corporate Broker and Joint Tender
Manager for the purposes of the Tender Offer)
William Simmonds +44 (0)20 3493 8000
Rupert Budge
Montfort Communications
Gay Collins / Pippa Bailey / Nita Shah +44 (0)7738 912267
PIP@montfort.london
PIP
PIP is a listed FTSE 250 private equity investment trust,
overseen by an independent Board of Directors and managed by
Pantheon, one of the leading private equity investment managers
globally. PIP offers investors a liquid, differentiated entry point
to the excellent growth potential of global private equity, with
access to the primary, secondary and co-investment opportunities of
some of the best managers in the world. The Company has a track
record of NAV outperformance over the long term and manages risk
strategically through diversification and rigorous selection based
on Pantheon's extensive experience and international platform, and
robust investment due diligence and decision-making processes.
Pantheon
PIP is managed and advised by Pantheon, a leading global private
equity, infrastructure & real assets and private debt investor
with 40 years' experience sourcing and executing private market
investment opportunities on behalf of clients. Pantheon has $93.4
billion in AUM^ (as at 31 March 2023) and employs 455 staff
including 134 investment professionals (as at 30 June 2023), across
offices in London, San Francisco, New York, Chicago, Hong Kong,
Seoul, Bogotá, Tokyo, Dublin and Berlin.
^This figure includes assets subject to discretionary or
non-discretionary management, advice or those limited to a
reporting function.
Important Information
A copy of this announcement will be available on the Company's
website at www.piplc.com . Neither the content of the Company's
website, nor the content on any website accessible from hyperlinks
on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published
by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not
to acquire, continue to hold, or dispose of, securities in the
Company.
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END
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October 19, 2023 05:00 ET (09:00 GMT)
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