THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU)
596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AND AS AMENDED ("UK
MAR")
LEI
Number: 5493005M6GBE3DNJZ894
JPEL Private Equity
Limited
Ground Floor
Cambridge House
Le Truchot, St Peter Port
Guernsey GY1 4BF
www.jpelonline.com
25 October 2024
Portfolio update
As referenced in JPEL Private Equity
Limited's ("JPEL" or the "Company") audited financial statements
dated 30 June 2024, the Company's subsidiary has today entered into
a two year Put Option Agreement (the "Option") relating to its
investment in the Tax Advisory Services company. The Option
provides JPEL the right, but not the obligation, to sell its
investment in the company after 24 October 2025 at the 30 June 2024
valuation. The Option is subject to customary closing conditions
that, if not satisfied or waived, could result in some or all
investment not being sold. The purpose of entering into the Option
is to preserve the current carrying value while allowing for
potential investment value upside through to 24 October 2026. In
addition, if the Option is exercised in one year, the Company
believes it could accelerate liquidity for its largest investment
(valued at $12.8 million representing approximately 42% of the net
asset value as at 30 June 2024) by up to 24 months. The Option also
provides additional support for the third-party valuation used for
the year end 2024 mark.
* * *
The person responsible for arranging
the release of this announcement on behalf of JPEL is Sean Hurst,
Chairman.
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.
This announcement may include
"forward-looking statements". All statements other than statements
of historical facts included in this announcement, including,
without limitation, those regarding the Company's financial
position, business strategy, plans and objectives of management for
future operations are forward-looking statements. Forward-looking
statements are subject to risks and uncertainties and accordingly
the Company's actual future financial results and operational
performance may differ materially from the results and performance
expressed in, or implied by, the statements. These forward-looking
statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update
or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Listing Rules or Prospectus Regulation Rules made under Part VI
of the Financial Services and Markets Act 2000 of the Financial
Conduct Authority, UK MAR or other applicable laws, regulations or
rules.
ENQUIRIES:
FCF JPEL Limited LLC
JPELClientService@fortress.com