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

Princess Private Equity HoldingAnnouncement

15/02/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240215:nRSO1721Da&default-theme=true

RNS Number : 1721D  Princess Private Equity Holding Ltd  15 February 2024

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Changes to Board composition

Princess Private Equity Holding Limited today announces the following:

Mr Axel Holtrup has accepted an invitation to join the Board as a
Non-Executive Director with effect from today.

Axel Holtrup currently serves as a member of the Supervisory Board of Deutsche
Beteiligungs AG (DBAG), a publicly listed private equity firm focused on
mid-market buyouts in Germany. Additionally, his professional experience
includes serving as a Director at Silver Lake Partners for five years before
joining AEA Investors in 2011 as a Partner and Member of the Global Management
Committee. During his time at Silver Lake Partners, he played a central role
in establishing the European office and was involved in several significant
buy-out transactions, as well as a range of LBO debt investments. Mr. Holtrup
began his private equity career with Investcorp in London, where he spent over
eight years leading European buy-outs. Throughout his career, he has served on
various portfolio company supervisory boards. Before entering the private
equity industry, Mr. Holtrup worked as a financial analyst in the M&A
department of Morgan Stanley in London and Frankfurt.

Neither Axel nor any connected party to Axel 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.

Peter McKellar, Chair, commented:

"I am delighted to welcome Axel Holtrup to the Princess Board as our newest
Non-Executive Director. His experience of the listed private equity and
European direct private equity landscape will be of immense value. We believe
that Axel's skill set, deep industry knowledge, and perspectives will benefit
materially our Board and the Company. "

Axel Holtrup, Non-Executive Director-elect, commented:

"I am honoured to join the Board of Princess, and I am excited about the
opportunity at an important time for the Company to contribute my expertise
and experience towards its growth and success. I look forward to working
closely with the Board and the Investment Manager to support the strategic
vision and investment strategy, and to maximise shareholder value."

Ends.

 

About Princess

Princess is an investment holding company founded in 1999 and domiciled in
Guernsey. It invests in private equity direct investments. Princess is managed
in its investment activities by Partners Group, a global private markets
investment management firm with USD 147 billion in investment programs under
management in private markets, of which USD 76 billion is in private equity.
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  BOAGPUAGPUPCGMC