Share Repurchases

Patria Private Equity Trust PLC

28 August 2026

 

28 August 2026

Patria Private Equity Trust plc (the "Company")

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

Share repurchases

The Company refers to its announcement of 4 August 2026 regarding a notification received from Aberdeen Group plc ("Aberdeen") pursuant to Chapter 5 of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority (the "TR-1 Notification").

The TR-1 Notification indicated that, on 31 July 2026, Aberdeen's reported voting interest in the Company had decreased from 56.088617 per cent. to 46.630648 per cent. following a change in delegated investment management arrangements.

In these circumstances, any subsequent increase in the percentage of voting rights in the Company in which Aberdeen is interested as a result of the Company repurchasing its shares would, in the absence of a dispensation, trigger obligations under Rule 9 and Rule 37 of the City Code on Takeovers and Mergers (the "Takeover Code").

However, on the basis that neither (i) any of the directors of the Company nor (ii) the Company's investment manager, Patria Capital Partners, is acting in concert with Aberdeen, the Company has agreed with the Panel on Takeovers and Mergers, under Rule 37.1(c) of the Takeover Code, that a dispensation should be granted. Accordingly, any increase in the percentage of voting rights in the Company in which Aberdeen is interested arising as a result of the Company repurchasing its shares will not trigger an obligation for Aberdeen to make a mandatory offer under Rule 9 of the Takeover Code.

If the Company's current unutilised authority to make repurchases of shares was exercised in full, and assuming that Aberdeen did not dispose of any shares pursuant to any such repurchases, the percentage of voting rights in the Company in which Aberdeen is interested would increase to 54.61 per cent.

Any repurchases of shares will remain at the discretion of the Board and there can be no guarantee as to the timing or terms of any such repurchase.

For further information, please contact:

GPMS Corporate Secretary Limited

Company Secretary

[e-mail]

 

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