Princess Private Equity Holding Ltd NAV increases by 0.9% in September (3309Q)
27 Octubre 2021 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 3309Q
Princess Private Equity Holding Ltd
27 October 2021
News Release
Guernsey, 27 October 2021
NAV increases by 0.9% in September
-- Princess Private Equity Holding Limited's (Princess or the
Company) net asset value increased by 0.9% to EUR 15.64 per
share
-- Portfolio developments were positive (+1.2%) while currency movements were flat
-- Princess received distributions of EUR 4.4 million and invested EUR 2.4 million
In September, Princess' NAV increased by 0.9%. The largest
contributor to the positive performance was Form Technologies
("Form"), a global manufacturer of customized, highly engineered
metal components. Form is benefitting from a continuing recovery in
client demand across all business segments. The company reported
strong YTD revenue and EBITDA growth, reflecting a large order
backlog and ongoing easing of restrictions.
Princess received distributions of EUR 4.4 million during the
month from its mature legacy fund portfolio and private debt
investments, while EUR 2.4 million was invested in a confidential
investment in the US biopharma industry.
Post-month end, on 14 October, the Board of Directors declared a
second interim dividend of EUR 0.335 per share for FY 2021, in-line
with previous guidance to distribute 5% of opening net asset value
for each financial year, via semi-annual payments. The second
interim dividend will be paid on 17 December 2021 and the
corresponding ex-dividend date will be 11 November 2021.
Princess will hold a quarterly investor update on 10 November
2021 at 10:00 GMT / 11:00 CET. During the webcast, Partners Group,
the Investment Manager of Princess, will give an update on the
recent developments of the Princess portfolio based on unaudited
figures as at 30 September 2021. Please find the registration
details on the Company's webpage or register directly here .
Further information is available in the monthly report, which
can be accessed via:
http://www.princess-privateequity.net/en/investor-relations/financial-reports/.
Ends.
About Princess
Princess is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests, inter alia, in private equity
and private debt investments. Princess is managed in its investment
activities by Partners Group, a global private markets investment
management firm with USD 119 billion in investment programs under
management in private equity, private debt, private real estate and
private infrastructure. Princess aims to provide shareholders with
long-term capital growth and an attractive dividend yield. Princess
is traded on the Main Market of the London Stock Exchange (ticker:
PEY for the Euro Quote; PEYS for the Sterling Quote).
Contacts
Princess Private Equity Holding Limited:
princess@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: jenny.blinch@partnersgroup.com
www.partnersgroup.com
This document does not constitute an offer to sell or a
solicitation of an offer to buy or subscribe for any securities and
neither is it intended to be an investment advertisement or sales
instrument of Princess. The distribution of this document may be
restricted by law in certain jurisdictions. Persons into whose
possession this document comes must inform themselves about and
observe any such restrictions on the distribution of this document.
In particular, this document and the information contained therein
are not for distribution or publication, neither directly nor
indirectly, in or into the United States of America, Canada,
Australia or Japan.
This document may have been prepared using financial information
contained in the books and records of the product described herein
as of the reporting date. This information is believed to be
accurate but has not been audited by any third party. This document
may describe past performance, which may not be indicative of
future results. No liability is accepted for any actions taken on
the basis of the information provided in this document. Neither the
contents of Princess' website nor the contents of any website
accessible from hyperlinks on Princess' website (or any other
website) is incorporated into, or forms part of, this
announcement.
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END
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October 27, 2021 02:00 ET (06:00 GMT)
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