NB Private Equity Partners Opts for Strategic Share Buyback
NB Private Equity Partners Announces Share Buyback Initiative
NB Private Equity Partners has recently announced a significant move regarding its Class A Shares, demonstrating its commitment to strengthening shareholder value. This strategic buyback, executed in accordance with the general authority from shareholders, showcases the company’s proactive approach in a volatile market environment.
Transaction Details on London's Trading Platform
The buyback took place on June 18, showcasing impressive activity on the London Stock Exchange. A total of 3,000 Class A Shares were repurchased, with the Company reporting a high buyback price of £14.02 and a low of £14.00. This initiative highlights the company's stance on maximizing shareholder returns and aligning capital management strategies with shareholder interests.
Impact on Outstanding Shares
Following the conclusion of this buyback, NB Private Equity Partners will cancel all acquired Class A Shares, reducing the total number of outstanding shares to 45,509,711. Additionally, the company maintains 3,150,408 Class A shares in treasury, underscoring its commitment to optimal share management. For regulatory purposes, market stakeholders should note that the voting rights will be adjusted to reflect the new total of shares after the cancellation.
Continued Engagement with Investors
To ensure transparent communication with stakeholders, NB Private Equity Partners encourages inquiries directed to its Investor Relations team. You can reach the team at +44 20 3214 9002, where support is readily available to address any questions or concerns regarding this recent development.
Contact Information for Investor Relations
For further inquiries, the Investor Relations contact is Luke Mason, and you can also reach out via email at NBPrivateMarketsIR@nb.com. Alternatively, Kaso Legg Communications is also available at +44 (0)20 3882 6644, providing additional channels for investor engagement.
Overview of NB Private Equity Partners Limited
NBPE is dedicated to direct private equity investments in collaboration with top-tier private equity firms globally. Under the management of NB Alternatives Advisers LLC, a wholly owned subsidiary of Neuberger Berman Group LLC, the company operates efficiently with a focus on fee structure and capital appreciation. This strategic model positions NBPE as a leader in the market, with a commitment to providing substantial dividends while enhancing the net asset value over time.
About Neuberger Berman
Founded in 1939, Neuberger Berman has evolved into a reputable investment manager with a workforce of over 2,800 professionals across 26 countries. The firm holds vast portfolios totaling $515 billion, encompassing equities, fixed income, private equity, real estate, and hedge fund investments. The organization's philosophy emphasizes engaged ownership and diligent research, reflecting a strong commitment to responsible investment practices.
Value of Investment Trust
NBPE operates as a closed-end investment company established in Guernsey, having received requisite approvals from the Guernsey Financial Services Commission. The company’s approach allows flexibility in its portfolio management, providing robust performance and sustainable investment solutions for its stakeholders.
Frequently Asked Questions
What is the purpose of the share buyback announced by NBPE?
The share buyback is intended to enhance shareholder value by reducing the number of outstanding shares and increasing earnings per share.
How many shares were repurchased during this transaction?
The company repurchased a total of 3,000 Class A Shares.
What is the effect of canceling the repurchased shares?
Cancelling the repurchased shares will reduce the total outstanding shares to 45,509,711, which can positively impact earnings per share and shareholder value.
Who manages the investments for NB Private Equity Partners?
NB Private Equity Partners’ investments are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.
How can investors reach out for more information?
Investors can contact the Investor Relations team at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
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