JPEL Private Equity Limited Twelfth Mandatory Redemption & Shareholder Update (0071R)
2023年10月24日 - 3:05PM
RNSを含む英国規制内ニュース (英語)
TIDMJPEL
RNS Number : 0071R
JPEL Private Equity Limited
24 October 2023
JPEL Private Equity Limited
Ground Floor
Cambridge House
Le Truchot, St Peter Port
Guernsey, GY1 1WD
www.jpelonline.com
TWELFTH MANDATORY REDEMPTION & SHAREHOLDER UPDATE
-- JPEL WILL RETURN $6 MILLION TO SHAREHOLDERS
-- REDEMPTION DATE 7 NOVEMBER 2023
-- REDEMPTION REPRESENTS 14.7% OF US$ EQUITY SHAREHOLDER NET ASSET VALUE AT 30 SEPTEMBER 2023
-- REDEMPTION REPRESENTS 23.3% OF JPEL's MARKET CAPITALIZATION AT 17 OCTOBER 2023
-- Macroenvironment resulting in A POTENTIAL slowing OF realisation timing
* * *
GUERNSEY, 24 OCTOBER 2023
The Company is pleased to announce its twelfth Mandatory
Redemption to US$ Equity Shareholders. The amount of the redemption
will be $6 million or 14.7% of NAV at 30 September 2023
(approximately 23.3% of JPEL's market capitalization at 17 October
2023).
The $6 million capital return (the equivalent of approximately
3.7 million US$ Equity Shares) will be by way of a pro rata
compulsory redemption of US$ Equity Shares at a price equal to the
prevailing NAV per US$ Equity Share of $1.61 as at 30 September
2023 (being the most recent NAV per US$ Equity Share available as
of the date of this announcement) for US$ Equity Shareholders on
the register of members as at close of business on 7 November 2023
("Record Date"). Unless circumstances require otherwise, this NAV
will form the NAV per US$ Equity Share as of the date of
redemption.
Payments of redemption proceeds are expected to be effected
either through CREST (in the case of shares held in uncertificated
form) or by cheque (in the case of shares held in certificated
form) on or around 22 November 2023. Any share certificates for the
balance of holdings of shares will also be despatched to
shareholders on or around 21 November 2023.
The Company currently has 25,375,033 US$ Equity Shares in issue.
All of the US$ Equity Shares redeemed on the redemption date will
be cancelled and any fractions of shares will be rounded down to
the nearest whole share.
The US$ Equity Shares will be disabled in CREST on the Record
Date and the existing ISIN number GG00BPSMLX26 (the "Old ISIN")
will expire. A new ISIN number GG00BS82YQ75 (the "New ISIN") in
respect of the remaining US$ Equity Shares which have not been
redeemed will be enabled and available for transactions on 8
November 2023 (the "Ex-date"). For the period up to and including
the Record date, US$ Equity Shares will be traded under the Old
ISIN and as such, a purchaser of such shares may have a market
claim for the redemption proceeds following the activation of the
New ISIN. CREST will automatically transfer any open transactions
as at the redemption date to the New ISIN.
Inclusive of this Mandatory Redemption, JPEL will have returned
$531.7 million to US$ Equity Shareholders, or approximately 111%
and 138.9% of the Company's 31 October 2016 NAV and market
capitalization. Please note that the prevailing NAV at the time of
the Company's first mandatory redemption was 31 October 2016.
SHAREHOLDER UPDATE
As JPEL continues to run-off its portfolio organically, the
Board would like to remind shareholders that it will revisit a
variety of options once JPEL's NAV approaches approximately $30
million. As global markets continue to be affected by well
documented macroeconomic factors, the JPEL portfolio may be
impacted, similar to other private equity funds, in timing,
valuation, or amounts of realisation activity. As a result,
distributions in 2024 are likely to be unpredictable.
DIRECTOR'S INTERESTS
As of 24 October 2023, Sean Hurst and Tony Dalwood, Directors of
the Company, owned 1,977 and 10,132 US$ Equity Shares,
respectively. As a result of the Mandatory Redemption described
above, Sean Hurst and Tony Dalwood are expected, immediately
following the redemption date, to hold approximately 1,691 and
8,663 US$ Equity Shares, respectively.
* * *
LEI Number: 5493005M6GBE3DNJZ894
About JPEL Private Equity Limited
JPEL Private Equity Limited is a Guernsey registered and
incorporated, London Stock Exchange-listed, closed-ended investment
company (LSE: JPEL) designed primarily to invest in the global
private equity market. The investment objective of the Company is
to achieve both short and long-term capital appreciation by
investing in a well-diversified portfolio of private equity fund
interests and by capitalising on the inefficiencies of the
secondary private equity market.
ENQUIRIES:
FCF JPEL Management LLC
JPELClientService@fortress.com
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 or visit 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.
END
CASPPGGCUUPWGCW
(END) Dow Jones Newswires
October 24, 2023 02:05 ET (06:05 GMT)
Jpel Private Equity (LSE:JPEL)
過去 株価チャート
から 11 2024 まで 12 2024
Jpel Private Equity (LSE:JPEL)
過去 株価チャート
から 12 2023 まで 12 2024