Neuberger Private Equity Partners Limited Completes 95,000 Share Buyback on LSE

Details of Share Buyback Execution and Pricing

On 20 July 2026, Neuberger Private Equity Partners Limited announced completion of its share buyback programme on the London Stock Exchange. The company purchased 95,000 Class A Shares (ISIN: GG00B1ZBD492) on 17 July 2026, with prices ranging from a314.36 to a314.47 per share. Jefferies International Limited executed the buyback within this price band under the previously granted shareholder authority.

All repurchased shares will be cancelled, reducing the company’s total outstanding shares. This cancellation is a standard practice in buyback programmes that decreases overall share capital. The immediate impact on share price was not disclosed. This buyback reflects NBPE’s confidence in its shares’ intrinsic value and aligns with capital management strategies developed in consultation with its investment manager.

Effect on Outstanding Shares and Voting Rights

Following cancellation of the 95,000 shares, NBPE’s outstanding Class A Shares stand at 40,734,149, representing the total shares available to investors. Additionally, the company holds 3,150,408 Class A Shares in treasury, which carry no voting rights and may be reissued or cancelled at the board’s discretion.

For compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the company advises market participants to use 40,734,149 voting rights when assessing notification requirements. This is pertinent for institutional investors and fund managers adhering to FCA disclosure obligations. The buyback may slightly influence earnings per share and voting power distribution, depending on NBPE’s financial performance.

Shareholder Approval and Jefferies International Limited Partnership

The buyback was conducted under a general authority granted at NBPE’s annual general meeting on 11 June 2026. This authority enables the board to repurchase shares within approved limits without needing separate shareholder consent for each transaction.

Jefferies International Limited, a leading global investment bank and securities trader, facilitated the buyback under a formal agreement. This arrangement ensures the buyback is executed orderly, transparently, and in compliance with financial regulations and market abuse rules, safeguarding shareholder interests.

NBPE’s Direct Private Equity Investment Approach

NBPE is a Guernsey-domiciled closed-end investment company regulated by the Guernsey Financial Services Commission. It focuses on direct private equity investments alongside top-tier global private equity firms. Unlike many listed private equity vehicles, NBPE invests directly in portfolio companies, offering greater fee efficiency by avoiding multiple layers of fees common in fund-of-funds structures.

Most direct investments incur no management fees or carried interest payable to third-party general partners, maximizing net returns for shareholders. NBPE aims for capital appreciation through net asset value growth and pays bi-annual dividends, blending growth with income. NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC, manages these investments.

Neuberger Berman Group’s Global Investment Expertise

Neuberger Berman Group LLC, NBPE’s investment manager parent, is an employee-owned, independent investment firm founded in 1939. With roughly 3,000 employees in 26 countries, it manages approximately $567 billion in assets as of 31 March 2026, across equities, fixed income, private markets, real estate, and hedge funds for global clients.

The firm’s investment philosophy emphasizes active management, fundamental research, and engaged ownership. It maintains independence with no corporate parent or external shareholders. Neuberger Berman has earned accolades including Best Asset Manager for Institutional Investors in the US by Crisil Coalition Greenwich and Best Place to Work in Money Management by Pensions & Investments for firms with over 1,000 employees.

Regulatory Compliance and Guernsey Jurisdiction

NBPE operates under Guernsey law as a closed-end investment company with regulatory oversight by the Guernsey Financial Services Commission. This status provides a robust regulatory framework, distinct from UK or EU regimes. NBPE’s listing on the London Stock Exchange offers international investors access to a regulated market while benefiting from Guernsey’s specialised investment company regulation.

The share buyback complies fully with applicable regulatory and governance standards, with no changes to NBPE’s regulatory status resulting from the transaction.

Capital Management and Shareholder Return Strategy

The 95,000-share buyback, approximately 0.23% of outstanding shares, represents a strategic capital allocation decision by NBPE’s board. Buybacks can optimize capital structure, manage treasury shares, or signal confidence in the company’s valuation. The transaction price range of a314.36 to a314.47 reflects the board’s assessment of capital deployment at this time.

NBPE’s investor return approach combines net asset value growth with bi-annual dividends. The buyback supports this by potentially increasing earnings per share and enhancing shareholder value. The board’s execution within shareholder-approved authority underscores active capital management.

Investment Vehicle Characteristics and Risk Considerations

As a closed-end investment company, NBPE’s shares are fixed in number and not redeemable by shareholders, differing from open-ended funds. Investors realize returns through secondary market sales on the London Stock Exchange, where share prices may trade at premiums or discounts to net asset value based on market conditions.

The announcement includes standard risk disclosures noting that investment values fluctuate and past performance does not guarantee future results. NBPE’s portfolio of direct private equity investments entails liquidity and concentration risks. Prospective investors are advised to seek professional legal, tax, and financial advice before investing. Forward-looking statements involve uncertainties and may differ materially from actual outcomes.

London Stock Exchange Listing and Disclosure Transparency

The buyback was executed on the London Stock Exchange, providing a transparent and regulated platform for share trading. Utilizing Jefferies International Limited to conduct the buyback ensures orderly execution and compliance with market rules.

The announcement on 20 July 2026, following the 17 July execution, adheres to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules and London Stock Exchange listing requirements. Detailed disclosure of the number of shares repurchased and price range promotes transparency and equal information access for investors.