NB Private Equity Partners Limited Announces Changes to Liquidity
Enhancement Contract>
NB Private Equity Partners Limited Announces Changes to Liquidity Enhancement Contract
(Thomson Reuters ONE) - 29 June 2009NB Private Equity Partners Limited ("NBPE") today announced it hasamended and restated its liquidity enhancement contract (the"Agreement"), dated 21 August 2008 and amended on 9 January 2009 and14 April 2009.Under the terms of the Agreement, NBPE has granted to ABN AMRO BankN.V. London Branch ("ABN") sole discretion, in the name and accountof NBPE, to effect (subject to all applicable legal and regulatoryrequirements and within certain agreed parameters) repurchases andsales out of treasury of its class A ordinary shares ("Shares") onEuronext Amsterdam by NYSE Euronext, the regulated market of EuronextAmsterdam N.V. ("Euronext Amsterdam").NBPE's policy in relation to liquidity enhancement is intended toenhance and strengthen the liquidity in the trading of Shares onEuronext Amsterdam. Shares repurchased by NBPE will either becancelled or held in treasury (provided that NBPE shall not at anytime hold Shares in treasury representing more than 10.0% of itsissued Shares). Shares will not be sold out of treasury at a pricewhich is lower than the last published net asset value per Share.The maximum aggregate number of Shares which may be repurchased inaccordance with the Agreement (inclusive of any Shares repurchasedprior to the date of this announcement) is 6,776,250, representing12.5% of the total number of Shares in issue as of 21 July 2008.The Agreement shall remain in force until 28 June 2010 subject toextension at the election of NBPE. However, the Agreement may beterminated at any time by either NBPE or ABN.From the inception of the Agreement in July 2008 through 31 May 2009,NBPE repurchased an aggregate 3,150,408 Shares, or 5.8% of the totalShares in issue.NBPE will make daily notifications as necessary in relation to therepurchase and sale of Shares. In addition, NBPE will continue toprovide regular updates regarding Share repurchases in each MonthlyReport, which shall be available on its website atwww.nbprivateequitypartners.com.For further information, please contact:NBPE Investor Relations +1 214 647 9593Financial Dynamics +44 20 7269 7114Rob BailhacheNick HendersonAbout NB Private Equity Partners LimitedNBPE is a closed-end private equity fund of funds investment companylisted on Euronext Amsterdam. NBPE holds a diversified portfolio ofprivate equity fund investments and direct co-investments selected bythe NB Alternatives group of Neuberger Berman, diversified acrossprivate equity asset class, geography, industry, vintage year andsponsor.This statement does not constitute an offer to sell or a solicitationof an offer to purchase any security.NBPE is established as a closed-end investment company domiciled inGuernsey. NBPE has received the necessary consent of the GuernseyFinancial Services Commission and the State of Guernsey PolicyCounsel. NBPE is registered with the Dutch Authority for theFinancial Markets as a collective investment scheme which may offerparticipations in The Netherlands pursuant to article 2:66 of theFinancial Markets Supervision Act (Wet op het financial toezicht).All investments are subject to risk. Past performance is no guaranteeof future returns. Prospective investors are advised to seek expertlegal, financial, tax and other professional advice before making anyinvestment decision. The value of investments may fluctuate. Resultsachieved in the past are no guarantee of future results. Thisdocument is not intended to constitute legal, tax or accountingadvice or investment recommendations. Prospective investors areadvised to seek expert legal, financial, tax and other professionaladvice before making any investment decision. Statements contained inthis document that are not historical facts are based on currentexpectations, estimates, projections, opinions and beliefs of NBPE'sinvestment manager. Such statements involve known and unknown risks,uncertainties and other factors, and undue reliance should not beplaced thereon. Additionally, this document contains "forward-lookingstatements." Actual events or results or the actual performance ofNBPE may differ materially from those reflected or contemplated insuch targets or forward-looking statements.ABN is acting for NBPE and no one else in connection with therepurchase and sale out of treasury of the Shares and will not beresponsible to anyone other than NBPE for providing the protectionsafforded to clients of ABN or for providing advice in relation tosuch repurchases or sales, or to the matters referred to in thisannouncement.http://hugin.info/137843/R/1325815/311921.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 29.06.2009 - 11:33 Uhr
Sprache: Deutsch
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Enhancement Contract>
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