REG - Princess Private Eq. Princess Priv E-PEYS - Changes to Board Composition

Partners Private EquityAnnouncement

30/10/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231030:nRSd6076Ra&default-theme=true

RNS Number : 6076R  Princess Private Equity Holding Ltd  30 October 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Changes to Board composition

Princess Private Equity Holding Limited today announces the following:

Mr Peter McKellar has accepted an invitation to join the Board as
Non-Executive Chair with effect from 23 November 2023, subject to the
necessary regulatory registrations in Guernsey.

Peter has extensive experience in the asset management, investment company and
private equity sectors. He is currently a Non-Executive Director of 3i Group
plc, the Deputy Chairman of AssetCo plc, a Board Member of Scottish
Enterprise, and the Vice Chairman of Investcorp Europe Acquisition Corp 1. He
was formerly Global Head of Private Markets at Standard Life Aberdeen plc,
before which he led Standard Life Investments' private equity and
infrastructure business and was their Chief Investment Officer. During his
time at Standard Life Investments Peter led the listing in 2001 and was then
lead manager of Standard Life Private Equity Trust (now called Abrdn Private
Equity Opportunities) until 2015. Prior to that, he held a variety of finance
posts in industry and corporate finance positions.

Neither Peter nor any connected party to Peter has any beneficial interest in
shares of the Company at the date of this announcement.

There are no further details required to be disclosed pursuant to section
9.6.13 of the UKLA Listing Rules.

Mr Henning von der Forst has notified the Board that, having served as a
Non-Executive Director since 2012, he intends, in line with best practice for
UK-listed companies, not to seek re-election at the next AGM scheduled to be
held in June 2024.

Fionnuala Carvill, Interim Chair, commented:

"Following the AGM in June, the Board announced that it had initiated the
necessary measures to recruit a successor Chair. We are very pleased that this
independent process has culminated in Peter McKellar, who is eminently suited
to the role, agreeing to be appointed as Chair next month. The Board records
its appreciation for the support of major shareholders during this
comprehensive process."

Peter McKellar, Chair-elect, commented:

"I look forward to working with the Directors to build out and further
strengthen the Board, which we envisage will involve the appointment of both
UK and European nationals with complementary and relevant skill sets.

Additionally, the Board is committed in the near term to working with the
Company's investment manager to enhance engagement with current and
prospective shareholders, and will establish a clear and robust capital
allocation policy appropriate to the Company's investment strategy, portfolio
liquidity, prevailing market conditions, and particularly the dividend
objective, which we recognise is important to many Princess shareholders."

 

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 managed in its investment activities by Partners
Group, a global private markets investment management firm with USD 142
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

 

Investor relations contact:
                                                                   Media
relations contact:

Sarah
Page
Jenny Blinch

Phone: +44 20 7575
2695
Phone: +41 41 784 65 26

Email: sarah.page@partnersgroup.com
                                       E-mail:
jenny.blinch@partnersgroup.com

 

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Notes:

1.     Note that references in this announcement to Princess Private
Equity Holding Limited have been abbreviated to "Princess" or "Company".
References to Partners Group AG have been abbreviated to "Partners Group " or
"Investment Manager".

2.     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
Private Equity Holdings. 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 is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America, Canada,
Australia or Japan.

3.     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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPPGUUUUPWURR