Changes to Board composition
(LSE: PEYS/PEY)
Princess Private Equity Holding Limited
Changes to Board composition
Princess Private Equity Holding Limited today announces the following:
Mr Axel Holtrup has accepted an invitation to join the Board as a Non-Executive Director with effect from today.
Axel Holtrup currently serves as a member of the Supervisory Board of Deutsche Beteiligungs AG (DBAG), a publicly listed private equity firm focused on mid-market buyouts in Germany. Additionally, his professional experience includes serving as a Director at Silver Lake Partners for five years before joining AEA Investors in 2011 as a Partner and Member of the Global Management Committee. During his time at Silver Lake Partners, he played a central role in establishing the European office and was involved in several significant buy-out transactions, as well as a range of LBO debt investments. Mr. Holtrup began his private equity career with Investcorp in London, where he spent over eight years leading European buy-outs. Throughout his career, he has served on various portfolio company supervisory boards. Before entering the private equity industry, Mr. Holtrup worked as a financial analyst in the M&A department of Morgan Stanley in London and Frankfurt.
Neither Axel nor any connected party to Axel has any beneficial interest in shares of the Company at the date of this announcement.
There are no further details required to be disclosed pursuant to section 9.6.13 of the UKLA Listing Rules.
Peter McKellar, Chair, commented:
"I am delighted to welcome Axel Holtrup to the Princess Board as our newest Non-Executive Director. His experience of the listed private equity and European direct private equity landscape will be of immense value. We believe that Axel's skill set, deep industry knowledge, and perspectives will benefit materially our Board and the Company. "
Axel Holtrup, Non-Executive Director-elect, commented:
"I am honoured to join the Board of Princess, and I am excited about the opportunity at an important time for the Company to contribute my expertise and experience towards its growth and success. I look forward to working closely with the Board and the Investment Manager to support the strategic vision and investment strategy, and to maximise shareholder value."
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:
princess@partnersgroup.com
www.princess-privateequity.net
Investor relations contact: Media relations contact:
Sarah Page Jenny Blinch
Phone: +44 20 7575 2695 Phone: +41 41 784 65 26
Email: sarah.page@partnersgroup.com 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 5 hours ago ASOS
- 5 hours ago MJ Gleeson
- 5 hours ago Rolls-Royce Holdings
- 6 hours ago Crest Nicholson Holdings
- 6 hours ago Naked Wines