Result of AGM

Princess Private Equity Holding Ltd

23 June 2023

 

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

Results of Annual General Meeting - breakdown of the proxy votes

Princess Private Equity Holding Limited announces that all resolutions put to shareholders at its Annual General Meeting held today were duly passed. The detailed results are:

Resolution	For	Percentage %	Against	Percentage %	Vote Withheld
1.	33,479,899	100.00	0	0	988
2.	28,179,471	84.17	5,300,428	15.83	988
4.	23,944,078	81.88	5,300,321	18.12	4,236,488
5.	22,517,363	67.26	10,962,036	32.74	1,488
6.	23,944,078	81.88	5,300,321	18.12	4,236,488
8.	33,479,899	100.00	0	0	988
9.	33,473,210	99.99	2,789	0.01	4,888
10.	28,177,999	84.17	5,300,000	15.83	2,888

As previously reported, Richard Battey, who has served as Chair since August 2018 and a Princess board member for 13 years, did not stand for re-election at today's Annual General Meeting. The Board wish to thank Mr. Battey for his long-standing service to the Company.

Ms. Carvill has become Interim Chair with immediate effect following the recent announcement by two Board nominees of the withdrawal of their nomination to the Board of Directors. The Board of Directors has initiated the necessary measures to identify and recruit a successor Chair and an additional non-executive director. The Company will work towards attracting highly qualified individuals with the necessary skills and experience to provide effective leadership in the Boardroom. The Board remains committed to ensuring a smooth succession process and maintaining the highest standards of governance and accountability to all stakeholders.

The Board also acknowledges the results of the AGM voting regarding the significant votes against Mr. von der Forst's reappointment which it understands relates to his extended tenure.

Ms. Wheatley has been appointed Chair of the Audit & Risk Committee also with immediate effect.

The Board will consult with investors and communicate further plans to the market in due course.

Ends.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 135 billion in investment programs under management in private equity, private debt, private real estate, and private infrastructure. 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