Transaction in Own Shares

RNS Number : 0404L

J.P. Morgan Private Equity Ltd

29 August 2012

 

J.P. MORGAN PRIVATE EQUITY LIMITED ANNOUNCES
TRANSACTION IN ITS OWN SHARES

29 August 2012

J.P. Morgan Private Equity Limited (the "Company") announces that on 29 August 2012 it has purchased into treasury the following shares:

·      1,000,000 US$ Equity Shares at a price of US$ 0.6825 per Share.  

·      100,000 2013 Zero Dividend Preference Shares at a price of GBP 0.715 per Share.

The open market purchase will be accretive to the Company's current NAV of $1.14 per US$ Equity Share as at 30 June 2012. 

Following this purchase the Company has 377,948,704 US$ Equity Shares and 62,949,021 2013 Zero Dividend Preference Shares in issue.

ENQUIRIES  

J.P. Morgan Private Equity Limited 

Troy Duncan: ([e-mail])

Gregory Getschow: ([e-mail])

Rosemary DeRise: Tel (Direct): [phone] ([e-mail])

Samantha Ladd: Tel (Direct): [phone] ([e-mail])

Peregrine Communications

Anthony Payne:  Tel (Direct): [phone] ([e-mail])

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated closed-ended investment company and is designed primarily to invest in the global private equity market. The Company's issued share capital has been admitted to listing on the premium segment and the standard segment (as appropriate) of the Official List and admitted to trading on the main market of the London Stock Exchange (LSE:JPEL, JPEZ, JPZZ, JPSZ, JPWW). In summary, 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.

 

END

 

 

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