ZDP Allotment Announcement
(Thomson Reuters ONE) - 26 November 2009 NB Private Equity Partners Limited Results of Placing and Offer for Subscription of ZDP SharesThe Board of NB Private Equity Partners Limited (the "Company" or"NBPE") is pleased to announce that pursuant to a placing and offerfor subscription (the "ZDP Placing and Offer"), the Company has todayraised £30 million (US$ 50 million) through the issue of zerodividend preference shares ("ZDP Shares"). This represents anInitial Cover for the ZDP Shares at Admission of 5.86x.The Directors believe that the issue of the new class of ZDP Shareswill be beneficial for the Company for a number of reasons. * The Company's capital position is currently strong with excess capital resources over unfunded commitments of US$52.0 million at 31 October 2009 and US$102 million after taking into account the proceeds from the ZDP Placing and Offer. * An issue of ZDP Shares will further enhance the Company's capital position and would provide additional resources to enable the Investment Manager to take advantage of current market opportunities without affecting the Company's conservative capital structure and commitment coverage. * The Directors believe that a number of potentially attractive investment opportunities, including secondary and distressed investments, are accessible in the current market environment and that opportunities for attractive investments will continue to be available over the next two years. * The Directors believe that the Company's existing private equity Investment Portfolio is well-positioned to generate attractive returns over the long term and that the ZDP Issue is expected to be accretive to Class A Shareholders over the long term.Application has been made for the new ZDP Shares to be admitted totrading on the Specialist Fund Market of the London Stock Exchangeplc. Application has also been made for the new ZDP Shares to belisted and admitted to trading on the Daily Official List of theChannel Islands Stock Exchange. Dealings on both markets are expectedto commence at 8 a.m. on 1 December 2009.Immediately following the issue, the Company's issued share capitalwill consist of 51,059,592 shares of US$0.01 (excluding treasuryshares) each classified as Class A Shares, 10,000 shares of US$0.01(excluding treasury shares) each classified as Class B Shares and30,000,000 shares of no par value each classified as ZDP Shares.For further information, please contact:NBPE Investor Relations +1 214 647 9593Oriel Securities Limited +44 20 7710 7600Joe WinkleySapna ShahFinancial Dynamics +44 20 7269 7114Robert BailhacheNick HendersonAbout NB Private Equity Partners LimitedNBPE is a closed-end private equity fund of funds investment companyadmitted to trading on Euronext Amsterdam and the Specialist FundMarket of the London Stock Exchange. NBPE holds a diversifiedportfolio of private equity fund investments and directco-investments selected by the NB Alternatives group of NeubergerBerman, diversified across private equity asset class, geography,industry, vintage year and sponsor.www.nbprivateequitypartners.comThis press release appears as a matter of record only and does notconstitute an offer to sell or a solicitation of an offer to purchaseany 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 States of Guernsey PolicyCouncil. NBPE is registered with the Netherlands Authority for theFinancial Markets (Autoriteit Financiële Markten) as a collectiveinvestment scheme which may offer participations in The Netherlandspursuant to article 2:66 of the Financial Markets Supervision Act(Wet op het financial toezicht).The distribution of this Announcement and the ZDP Placing and Offerin certain jurisdictions may be restricted by law. No action has beentaken by the Company or Oriel Securities Limited ("Oriel") that wouldpermit an offering of the ZDP Shares or possession or distribution ofthis Announcement or any other offering or publicity materialrelating to such shares in any jurisdiction where action for thatpurpose is required. Persons into whose possession this Announcementcomes are required by the Company and Oriel to inform themselvesabout, and to observe, such restrictions.The information presented herein is not an offer for sale within theUnited States of any equity shares or other securities of theCompany. The Company has not been and will not be registered underthe US Investment Company Act of 1940, as amended (the "InvestmentCompany Act"). In addition, the ZDP Shares have not been and will notbe registered under the US Securities Act of 1933, as amended (the"Securities Act") or any other applicable law of the United States.Consequently, the ZDP Shares may not be offered or sold or otherwisetransferred within the United States, or to, or for the account orbenefit of, US Persons (as defined in Regulation S under theSecurities Act), except pursuant to an exemption from theregistration requirements of the Securities Act and undercircumstances which will not require the Company to register underthe Investment Company Act. No public offering of the ZDP Shares isbeing made in the United States. The ZDP Shares may only be resold ortransferred in accordance with the restrictions set forth in theprospectus issued by the Company in connection with the ZDP Placingand Offer dated 16 November 2009 and related subscription documents.This communication should not be distributed, forwarded, transferred,reproduced, or otherwise transmitted, directly or indirectly, to anypersons within the United States or to any US Persons unless it islawful to do so.This communication is directed only at (i) persons outside the UnitedKingdom to whom it is lawful to communicate it, or (ii) personshaving professional experience in matters relating to investments whofall within the definition of "investment professionals" in Article19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended), or (iii) high net worthcompanies, unincorporated associations and partnerships and trusteesof high value trusts as described in Article 49(2) of the FinancialServices and Markets Act 2000 (Financial Promotion) Order 2005 (asamended), each a "Relevant Person", and persons who receive thiscommunication who do not fall within (i), (ii) or (iii) above shouldnot rely on or act upon this communication.This Announcement is for information purposes only and does notconstitute an invitation to subscribe for or otherwise acquire ordispose of securities in the Company in any jurisdiction. Theinformation contained in this Announcement is for background purposesonly and does not purport to be full or complete. No reliance may beplaced for any purpose on the information contained in thisAnnouncement or its accuracy or completeness, This announcement doesnot constitute or form part of any offer to issue or sell, or anysolicitation of any offer to subscribe or purchase, any investmentsnor shall it (or the fact of its distribution) form the basis of, orbe relied on in connection with, any contract therefor.This announcement may include certain "forward-looking statements".These statements are based on the current expectations of the Companyand are naturally subject to uncertainty and changes in certaincircumstances. Forward-looking statements typically includestatements containing words such as "intends", "expects","anticipates", "targets", "plans", "estimates" and words of similarimport. By their nature, forward-looking statements involve risk anduncertainty because they relate to events and depend on circumstancesthat will occur in the future. There are various factors that couldcause actual results and developments to differ materially from thoseexpressed or implied by such forward-looking statements. Thesefactors include, but are not limited to, changes in economicconditions, changes in the regulatory environment, fluctuations invalue of real estate, interest and exchange rates, the outcome oflitigation and government actions. Other unknown or unpredictablefactors could cause actual results to differ materially from those inthe forward-looking statements. The Company does not undertake anyobligation to update publicly or revise forward-looking statements,whether as a result of new information, future events or otherwise,except to the extent legally required.All investments are subject to risk. Past performance is no guaranteeof future returns. 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.Oriel Securities Limited is acting for NBPE and no-one else inconnection with the ZDP Placing and Offer and will not be responsibleto anyone other than NBPE for providing the protections affordedto customers of Oriel or for providing advice in relation to the ZDPPlacing and Offer.---END OF MESSAGE---http://hugin.info/137843/R/1357275/330110.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.11.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 8859
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