REG - Princess Private Eq. Princess Priv E-PEYS - Result of AGM

Partners Private EquityAnnouncement

23/06/2023 12:00

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RNS Number : 7619D  Princess Private Equity Holding Ltd  23 June 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Results of Annual General Meeting - breakdown of the proxy votes

 

Princess Private Equity Holding Limited announces that all resolutions put to
shareholders at its Annual General Meeting held today were duly passed. The
detailed results are:

 

 Resolution  For           Percentage %  Against     Percentage %  Vote Withheld
 1.           33,479,899    100.00       0           0             988
 2.           28,179,471    84.17        5,300,428   15.83         988
 4.           23,944,078    81.88        5,300,321   18.12         4,236,488
 5.           22,517,363    67.26        10,962,036  32.74         1,488
 6.           23,944,078    81.88        5,300,321   18.12         4,236,488
 8.           33,479,899    100.00       0           0             988
 9.           33,473,210    99.99        2,789       0.01          4,888
 10.          28,177,999    84.17        5,300,000   15.83         2,888

 

As previously reported, Richard Battey, who has served as Chair since August
2018 and a Princess board member for 13 years, did not stand for re-election
at today's Annual General Meeting. The Board wish to thank Mr. Battey for his
long-standing service to the Company.

 

Ms. Carvill has become Interim Chair with immediate effect following the
recent announcement by two Board nominees of the withdrawal of their
nomination to the Board of Directors. The Board of Directors has initiated the
necessary measures to identify and recruit a successor Chair and an additional
non-executive director. The Company will work towards attracting highly
qualified individuals with the necessary skills and experience to provide
effective leadership in the Boardroom. The Board remains committed to ensuring
a smooth succession process and maintaining the highest standards of
governance and accountability to all stakeholders.

 

The Board also acknowledges the results of the AGM voting regarding the
significant votes against Mr. von der Forst's reappointment which it
understands relates to his extended tenure.

 

Ms. Wheatley has been appointed Chair of the Audit & Risk Committee also
with immediate effect.

 

The Board will consult with investors and communicate further plans to the
market in due course.

 

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 135
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

 E-mail: 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.

 

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