Princess Private Equity Holding Ltd Annual Financial Report (7968F)
11 Marzo 2020 - 06:30AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 7968F
Princess Private Equity Holding Ltd
11 March 2020
News Release
Guernsey, 11 March 2020
Princess publishes Annual Report 2019
Princess Private Equity Holding Limited ("Princess" or the
"Company") today published its Annual Report for 2019. The key
items were:
-- Net Asset Value ("NAV") increased to EUR 12.56 per share,
representing a total return of +21.1% for the year.
-- Share price total return over the same period was +37.4%.
-- Princess increased the total dividend in 2019 to EUR 0.58
(2018: EUR 0.56), representing 5.3% of opening NAV.
-- Valuation developments (+25.0%) were the key driver of NAV
growth. The largest contributors to NAV growth were the investments
in Permotio, Action, GlobalLogic, KinderCare and Foncia.
-- Investment activity totalled EUR 69.3 million, including new
investments in Nestlé Skin Health, Axel Springer, Convex Group,
Idera, Blue River PetCare, Confluent Health, BCR Group, and
Schleich, and an add-on investment in Permotio International
Learning.
-- Realizations of EUR 104.1 million including the full exits of Vermaat and Agiliti.
Richard Battey, Chairman comments: "During 2019 Princess
achieved a positive NAV performance driven by the continued growth
of a number of its portfolio companies. Princess' portfolio
provides shareholders with exposure to a global portfolio of
leading private companies, operating in sub-sectors benefitting
from long-term, structural growth drivers such as technology,
education and healthcare. In an environment where companies are
electing to remain privately-owned for longer, an investment in the
shares of Princess provides investors with exposure to fast-growing
companies that are otherwise challenging for investors in quoted
equity markets to access."
A detailed analysis and commentary on the developments of
Princess during 2019 is presented in the Annual Report published
today, which can be accessed via:
http://www.princess-privateequity.net/en/investor_relations/reports.php
A copy of the above document has been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
https://www.morningstar.com/cefs/xlon/pey/quote.html
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 advised in its investment
activities by Partners Group, a global private markets investment
management firm with EUR 94 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 (0)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.
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.
END
ACSSFIFEFESSEFD
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