(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:
|
Investor relations contact:
Sarah Page
Phone: +44 20 7575 2695
E-mail: sarah.page@partnersgroup.com
|
Media relations contact:
Jenny Blinch
Phone: +41 41 784 65 26
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.