NB Private Equity Partners Limited (ENXTAM: NBPE) commences an Equity Buyback Plan for 7,313,706 shares, representing 14.99% of its issued share capital, under the authorization approved on November 5, 2018.
January 10, 2019 at 10:30 am IST
Share
NB Private Equity Partners Limited (ENXTAM: NBPE) commences share repurchases on January 10, 2019, under the program mandated by the shareholders in the Annual General Meeting held on November 5, 2018. As per the mandate, the company will repurchase up to 7,313,706 A shares, representing 14.99% of its issued share capital. The minimum price which may be paid per ordinary share will be $0.01. The maximum price which may be paid for an ordinary share is an amount equal to the highest of 5% of the average of the middle market quotations for the ordinary shares on the regulated market and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out. The repurchased shares will either be cancelled or held as treasury shares. The authority shall expire at the conclusion of the next Annual General Meeting in 2019 or 15 months from the date of passing this resolution, whichever is earlier. As at October 10, 2018, the company had 51,940,972 A shares in issue 3,150,408 were held as treasury shares.
NB Private Equity Partners Limited is a Guernsey-based closed-ended investment company. The principal activity of the Company is to invest in direct private equity investments by co-investing alongside private equity sponsors in their core areas of expertise. Its investment objective is to produce attractive returns by investing mainly in the direct equity of private equity-backed companies while managing investment risk through diversification across asset class, vintage year, geography, industry, and sponsor. To achieve its investment objective, the Company intends to maintain a diversified portfolio of private equity related assets composed predominantly of direct private equity investments, but which may also include private debt investments and private equity fund investments. It invests in various sectors, such as technology, media, and telecom; consumer/e-commerce; business services; financial services; and others. Its investment manager is NB Alternatives Advisers LLC.
NB Private Equity Partners Limited (ENXTAM: NBPE) commences an Equity Buyback Plan for 7,313,706 shares, representing 14.99% of its issued share capital, under the authorization approved on November 5, 2018.
NB PRIVATE EQUITY PARTNERS LIMITED 
