REG - Princess Private Eq. Princess Priv E-PEYS - Princess Q3 2023 Updates

Princess Private Equity HoldingAnnouncement

23/11/2023 09:00

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RNS Number : 3831U  Princess Private Equity Holding Ltd  23 November 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Princess Q3 2023 results, appointment of new chair and webcast details

 

 

Q3 2023 financial highlights

Princess Private Equity Holding Limited today publishes its third quarter
results for 2023. The key financial highlights are:

 

 ·         Net asset value ("NAV") developed positively and closed Q3 at EUR 15.12 per
           share, representing a NAV total return of 2.4% in Q3, 6.0% year-to-date.
 ·         Share price total return was 2.9% in Q3, 31.5% year-to-date.
 ·         In Q3, value creation of 2.0% was the main driver of NAV growth with currency

         effects of 1.4% also contributing to performance. The three largest
           contributors were: PCI Pharma Services, Vishal Mega Mart and Galderma.

 ·         The total capital invested by Princess in Q3 amounted to EUR 1.9 million of
           additional follow-on investments in portfolio companies.
 ·         Princess received distributions amounting to EUR 13.9 million in Q3, of
           which EUR 9.9 million stemmed from direct investments.

 

Appointment of new chair

Today, the Princess Board welcomes Peter McKellar as the new Chair, following
an extensive recruitment process. As part of his initial responsibilities, Mr.
McKellar, together with the other directors, will be focusing on further
strengthening the Board with the recruitment of a minimum of two additional
Non-Executive Directors before the next Annual General Meeting. These
appointments will bolster the Board's expertise to ensure it has the necessary
skills and experience to support the strategic direction of the Company.
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 to establishing a clear and robust capital
allocation policy appropriate to the Company's investment strategy, portfolio
liquidity and prevailing market conditions. The Board reiterates its strong
commitment to the dividend objective, which it recognises is important to many
Princess shareholders.

 

We would also like to take this opportunity to express our gratitude to
Fionnuala Carvill for stepping in as the Interim Chair since Richard Battey's
retirement earlier this year. We appreciate the leadership Ms. Carvill
provided during her tenure and are grateful for her service to the Company.

 

Princess Q3 2023 results webcast details

Princess will hold a quarterly investor update today Thursday, 23 November
2023, at 10:00 GMT / 11:00 CET. During the webcast, Partners Group, the
Investment Manager to Princess, will give an update on the recent developments
of the Princess portfolio based on unaudited figures as of 30 September 2023.
Please find the registration details below or on the Company's webpage.

 

 Date:           Thursday, 23 November 2023

 Time:           10:00 - 11:00 GMT (Dublin, London)

                 11:00 - 12:00 CET (Zürich, Frankfurt)

 Webcast:        To access the live webcast please use this LINK
                 (https://media.choruscall.eu/mediaframe/webcast.html?webcastid=OsIapaxm) .

 Phone numbers:  +44 (0)207 107 06 13 (from the UK)

                 +41 (0)58 310 50 00 (from Continental Europe)

                 All lines will be open 10 minutes prior to the beginning of the conference
                 call.

                 Other international numbers available HERE
                 (https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fservices3.choruscall.ch%2FNUMBERS%2FAttended_Dial_In_Numbers.pdf&data=05%7C01%7Cmnatiello%40choruscall.com%7Cc534875ee39246377af808db400988c1%7Cb33d8fee5ac94ed69e4d5ad041ecfd21%7C0%7C0%7C638174182417149748%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=PYh91yRIJa010oq%2FrfI8six6ENA129jb6ILT%2BdfHQ8M%3D&reserved=0)
                 .

 

The results presentation is now available
at: https://www.princess-privateequity.net/en/investor-relations/web-cast-live-events/
(https://www.princess-privateequity.net/en/investor-relations/web-cast-live-events/)
.

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 142 billion in investment programs under
management in private markets, of which USD 74 billion 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

 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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