REG - JPEL Private Equity - Update to Shareholders

JPEL Private EquityAnnouncement

06/07/2022 07:00

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RNS Number : 4115R  JPEL Private Equity Limited  06 July 2022

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

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

 

 

update TO SHAREHOLDERS

 

 

 

GUERNSEY, 6 JULY 2022

 

 

Further to the announcement on 3 May 2022, JPEL Private Equity Limited's
("JPEL" or the "Company") Board would like to update shareholders on the next
phase of the strategic plan for the Company.

 

JPEL's Board continues to work with FCF JPEL Management LLC (the "Manager"),
as well as its corporate broker and counsel, to maximize shareholder value.

 

As an immediate first step, the Board has focused on addressing the Company's
expense structure in an effort to reduce the Company's Ongoing Charges.
Accordingly, with effect from the commencement of the financial year starting
1 July 2022, the Company will change its reporting frequency from monthly
reporting to quarterly reporting and will only publish a net asset value and
report to shareholders on a quarterly basis. The reduction in frequency of
reporting is expected to reduce administrative expenses.

 

The Board would also like to remind shareholders that JPEL will continue to
run-off its portfolio organically, and will revisit a variety of options once
JPEL's NAV approaches approximately $30 million.  Global markets have been
affected by well documented macroeconomic factors and the JPEL portfolio may
be impacted similar to other private equity assets which may delay realisation
activity.

 

 

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.

 

A copy of this announcement will be available on the Company's website at
www.jpelonline.com. Neither the content of the Company's website, nor the
content on any website accessible from hyperlinks on its website for any other
website, is incorporated into, or forms part of, this announcement nor, unless
previously published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or not to
acquire, continue to hold, or dispose of, securities in the Company.

 

This announcement may include "forward-looking statements". All statements
other than statements of historical facts included in this announcement,
including, without limitation, those regarding the Company's financial
position, business strategy, plans and objectives of management for future
operations are forward-looking statements. Forward-looking statements are
subject to risks and uncertainties and accordingly the Company's actual future
financial results and operational performance may differ materially from the
results and performance expressed in, or implied by, the statements. These
forward-looking statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update or revise
any forward-looking statements contained herein to reflect actual results or
any change in the assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the Financial Services and
Markets Act 2000, the Listing Rules or Prospectus Regulation Rules made under
Part VI of the Financial Services and Markets Act 2000 of the Financial
Conduct Authority, the UK version of the Market Abuse Regulation (2014/596/EU)
or other applicable laws, regulations or rules.

 

ENQUIRIES:

 

FCF JPEL Management LLC

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

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