Princess publishes October NAV

Princess Private Equity Holding Ltd

30 November 2023

 

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

Princess publishes October NAV

·    Net asset value decreased by 1.0% to EUR 14.96 per share, total NAV at EUR 1,034.59 million

·    Revaluations in the portfolio (-1.0%) due to lower market comparables; operational performance remains robust  

·    Princess received distributions of EUR 1.5 million

During October, Princess' NAV declined in line with market comparables, which were affected particularly by softer market conditions in Europe. However, the operational performance of the portfolio remains healthy with EBITDA margins consistently above 20%.  For example, Ammega, a global leader in mission-critical belting solutions, continues to benefit from ongoing operational excellence initiatives.

Princess declared a second interim dividend of EUR 0.365, with a payment date of 15 December 2023. Together with the first interim dividend for 2023, which was paid in June, this translates into a dividend yield of 5.0% on the year opening NAV.  The prospective dividend yield for FY23 is in excess of 7%, based on the share price as of 31 October 2023.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

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:

[e-mail]

www.princess-privateequity.net

Investor relations contact: Sarah Page Phone: [phone] E-mail: [e-mail]

Media relations contact: Jenny Blinch Phone: [phone] E-mail: [e-mail]

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.

 

END