REG - JPEL Private Equity - THIRTEENTH MANDATORY REDEMPTION

JPEL Private EquityAnnouncement

29/12/2025 15:30

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RNS Number : 0301N  JPEL Private Equity Limited  29 December 2025

JPEL Private Equity Limited

60, Fourth Floor

Plaza House

Admiral Park

St Peter Port, Guernsey, GY1 4BF

www.jpelonline.com (http://www.jpelonline.com)

 

 

THIRTEENTH MANDATORY REDEMPTION & SHAREHOLDER UPDATE

 

 

 

·      JPEL WILL RETURN $6 MILLION TO SHAREHOLDERS

 

·      REDEMPTION DATE 13 JANUARY 2026

 

·      REDEMPTION REPRESENTS 21% OF US$ EQUITY SHAREHOLDER NET ASSET
VALUE AT 30 SEPTEMBER 2025

 

·      REDEMPTION REPRESENTS APPROXIMATELY 24% OF JPEL's MARKET
CAPITALIZATION AT 23 DeCEMBER 2025

 

 

*              *              *

 

GUERNSEY, 29 DECEMBER 2025

 

 

The Company is pleased to announce its thirteenth Mandatory Redemption to US$
Equity Shareholders.  The amount of the redemption will be $6 million or 21%
of NAV at 30 September 2025 (approximately 24% of JPEL's market capitalization
at 23 December 2025).

 

The $6 million capital return (the equivalent of approximately 4.5 million US$
Equity Shares) will be by way of a pro rata compulsory redemption of US$
Equity Shares at a price equal to the prevailing NAV per US$ Equity Share of
$1.32 as at 30 September 2025 (being the most recent NAV per US$ Equity Share
available as of the date of this announcement) for US$ Equity Shareholders on
the register of members as at close of business on 13 January 2026 (the
"Record Date").  Unless circumstances require otherwise, this NAV will form
the NAV per US$ Equity Share as of the date of redemption.

 

Payments of redemption proceeds are expected to be effected either through
CREST (in the case of shares held in uncertificated form) or by cheque (in the
case of shares held in certificated form) on or around 27 January 2026. Any
share certificates for the balance of holdings of shares will also be
despatched to shareholders on or around 27 January 2026.

 

The Company currently has 21,648,389 US$ Equity Shares in issue.  All of the
US$ Equity Shares redeemed on the redemption date will be cancelled and any
fractions of shares will be rounded down to the nearest whole share.

 

The US$ Equity Shares will be disabled in CREST on the Record Date and the
existing ISIN number GG00BS82YQ75 (the "Old ISIN") will expire.  A new ISIN
number GG00BVPBWF31 (the "New ISIN") in respect of the remaining US$ Equity
Shares which have not been redeemed will be enabled and available for
transactions on 14 January 2026 (the "Ex-date").  For the period up to and
including the Record date, US$ Equity Shares will be traded under the Old ISIN
and as such, a purchaser of such shares may have a market claim for the
redemption proceeds following the activation of the New ISIN. CREST will
automatically transfer any open transactions as at the redemption date to the
New ISIN.

 

Inclusive of this Mandatory Redemption, JPEL will have returned $537.6 million
to US$ Equity Shareholders, or approximately 112% and 141% of the Company's 31
October 2016 NAV and market capitalization.  Please note that the prevailing
NAV at the time of the Company's first mandatory redemption was 31 October
2016.

 

BOARD SUCCESSSION

 

As previously announced on 2 December 2025, a process is underway to refresh
Board configuration. In order to ensure an orderly Board succession plan, this
process is anticipated to be completed within six months. The Board remains
mindful of its fiduciary duties to all shareholders including its commitment
to focus on minimising costs appropriately.

 

As a first stage of this orderly transition, Sean Hurst resigned as a director
of the Company on 2 December 2025. Tony Dalwood was appointed Chair to oversee
the succession plan. Trina Le Noury remains Chair of the Audit committee.

 

The appointment of additional Non-Executive Directors is progressed and,
subject to completion of the relevant regulatory approvals, at least one new
Director will join the Board shortly. A further update will be provided in due
course.

 

 

DIRECTOR'S INTERESTS

 

As of 29 December 2025, Tony Dalwood owned 8,185 US$ Equity Shares. As a
result of the Mandatory Redemption described above, Tony Dalwood is expected,
immediately following the redemption date, to hold approximately 6,467 US$
Equity Shares.

 

 

*             *                   *

 

 

LEI Number:  5493005M6GBE3DNJZ894

 

 

 

 

About JPEL Private Equity Limited

 

JPEL Private Equity Limited is a Guernsey registered and incorporated, London
Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed
primarily to invest in the global private equity market.  The investment
objective of the Company is to achieve both short and long-term capital
appreciation by investing in a well-diversified portfolio of private equity
fund interests and by capitalising on the inefficiencies of the secondary
private equity market.

 

ENQUIRIES:

 

FCF JPEL Management LLC

JPELClientService@fortress.com (mailto:JPELClientService@fortress.com)

 

 

 

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