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

Princess Private Equity HoldingAnnouncement

21/03/2024 15:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240321:nRSU8453Ha&default-theme=true

RNS Number : 8453H  Princess Private Equity Holding Ltd  21 March 2024

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Changes to Board composition

Princess Private Equity Holding Limited today announces the following:

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

Gerhard Roggemann currently serves as a board member for the
Else-Kroener-Fresenius Foundation, is Deputy Chair of the Supervisory Board
for Bremer AG, and he is also an independent business consultant, based in
Hanover, Germany. Gerhard's professional experience includes serving as a
non-executive director and later as Chair of the Supervisory Board of Deutsche
Beteiligungs AG (DBAG), a Frankfurt-listed private equity firm focused on
German mid-market buyouts (2009-2020). He has also been a non-executive
director of a number of prominent German and UK companies, including Deutsche
Boerse AG, Fresenius SE & Co KGaA, Friends Life Group Plc, F&C Asset
Management Plc and Resolution Ltd Guernsey. Gerhard previously worked in
senior management positions at JP Morgan & Co, Norddeutsche Landesbank and
WestLB. In all these functions his responsibilities centered around investment
banking, trading, and investment management.

In accordance with section 9.6.13 of the UKLA Listing Rules Gerhard and
connected parties have the following beneficial interest in shares of the
Company at the date of this announcement:

771,867 shares in Princess Private Equity Holding Limited

Peter McKellar, Chair, commented:

"I am pleased to welcome Gerhard Roggemann as our most recent non-executive
appointment to the Princess Board. His extensive experience serving on boards
and deep industry expertise in listed private equity and the European
financial sector will be incredibly valuable. Moreover, his knowledge and
connections in the UK and Continental Europe will be helpful as we seek to
increase shareholder engagement. We are confident Gerhard's skills will be a
strong complement to the Board."

Gerhard Roggemann, Non-Executive Director-elect, commented:

"I am delighted to join the Board of Princess. Being a dedicated shareholder
for many years, I have closely monitored the Company's progress. My
familiarity with its history and with the listed private equity sector makes
me eager to help Princess achieve success in realizing its goals and
delivering value to its shareholders. The Board has the skills to lead
Princess through a period of revitalization and I am enthusiastic about
contributing as a Board member."

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 (http://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.

 

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  BOAPPUCGWUPCGAG