Partners Group Private Equity Limited Executes 30,000 Share Repurchase at €7.50 Each

Update on Share Buyback and Treasury Shareholdings

Continuing its capital management strategy launched in October 2025, Partners Group Private Equity Limited executed another tranche of share repurchases on 20 July 2026, acquiring 30,000 ordinary shares at a weighted average price of €7.50 each. This transaction represents a discrete exercise of the company’s authorised buyback authority and forms part of a broader programme aimed at optimizing capital structure and enhancing shareholder value.

With this latest purchase, PGPE Ltd’s treasury share count rises to 2,277,975 ordinary shares. Treasury shares do not confer voting rights and serve as a reserve for potential corporate uses such as future distributions, employee incentive plans, or acquisitions. The company has indicated its intention to initially hold these shares in treasury, without immediate cancellation or distribution, thereby maintaining flexibility to deploy them in alignment with evolving business and shareholder interests.

Impact on Voting Rights and Shareholder Disclosure

After this acquisition, the total voting rights of PGPE Ltd, excluding treasury shares, stand at 66,873,193. This figure is critical for compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, which require shareholders to notify the company and market when their voting interest crosses specified thresholds. Since treasury shares lack voting rights, they are excluded from the denominator used in these calculations, ensuring shareholders have an accurate basis for determining their notification obligations.

The precise disclosure of 66,873,193 voting rights enhances market transparency and regulatory compliance. Shareholders monitoring their holdings must use this figure to assess whether they surpass the 3% notification threshold or other relevant levels under FCA rules. The increase in treasury shares reduces the total voting rights, effectively concentrating voting power among the remaining public shares. This information is essential for compliance teams, institutional investors, and shareholder activists tracking changes in the company’s share capital structure.

Management by Partners Group, a USD 185 Billion Private Markets Leader

Partners Group Private Equity Limited is managed by Partners Group, a leading global private markets firm overseeing USD 185 billion in assets, including USD 86 billion dedicated to private equity. This extensive asset base enables Partners Group to deploy capital across diverse geographies, sectors, and deal types, underpinning PGPE Ltd’s investment strategy and operational management.

The relationship with Partners Group provides PGPE Ltd shareholders access to professional deal sourcing, investment expertise, and portfolio management. Partners Group is publicly listed on the Swiss Stock Exchange under ticker PGHN, offering transparency regarding its financial health and strategic direction. This management structure is a key differentiator and an important consideration for investors evaluating PGPE Ltd.

Long-Term Investment Goals and Capital Growth Strategy

PGPE Ltd aims to deliver long-term capital growth alongside an attractive dividend yield, combining portfolio appreciation with income distributions. This approach exposes investors to the full lifecycle of private equity investments, from acquisition through growth to exit or dividend repatriation. The company’s share buyback programme complements dividend payments by returning value through share count reduction and earnings concentration.

This balanced capital allocation strategy reflects a disciplined framework focused on shareholder returns through both capital appreciation and income generation, aligning with the company’s long-term investment objectives.

Dual Listing on London Stock Exchange with Euro and Sterling Quotes

PGPE Ltd is dual-listed on the London Stock Exchange’s Main Market, trading under ticker PEY for Euro-denominated shares and PEYS for Sterling-denominated shares. This dual-quote structure offers investors flexibility to trade in their preferred currency, catering to a diverse international shareholder base and reflecting the euro-denominated nature of many underlying private equity investments.

The availability of both sterling and euro quotes enhances liquidity and allows investors to manage currency exposure. Currency basis differences between the two quotes may occasionally create arbitrage opportunities, and investors should consider currency movements when trading.

Guernsey Domicile and Investment Holding Company Structure

Established in 1999 and domiciled in Guernsey, Partners Group Private Equity Limited operates as an investment holding company (registration number 35241, LEI 54930038LU8RDPFFVJ57). This structure offers regulatory and tax advantages, with the company holding private equity investments managed by Partners Group rather than operating portfolio companies directly.

This setup provides administrative efficiency and tax benefits, with returns dependent on the performance of the underlying private equity portfolio and Partners Group’s investment management capabilities. The governance and transparency standards applicable to Guernsey-domiciled public companies support shareholder protections and disclosure quality.

Treasury Shares and Potential Future Corporate Uses

The current treasury shareholding of 2,277,975 shares represents approximately 3.3% of the company’s total share capital. While initially retained in treasury, these shares may be utilized for corporate purposes such as employee share schemes, acquisitions, or other capital transactions without requiring further shareholder approval beyond the existing buyback mandate.

The €7.50 repurchase price sets a benchmark for evaluating the accretiveness or dilutive impact of future treasury share transactions. Cancellation of treasury shares would reduce voting rights and potentially enhance earnings and dividends per share, whereas issuance at lower prices could dilute existing shareholders. Management’s stewardship of treasury shares will be a key consideration for investors assessing capital management discipline and long-term value creation.

Regulatory Disclosure and Market Transparency

The share purchase announcement was made on 21 July 2026, one day after the transaction date, complying with FCA disclosure timelines for own share transactions. The detailed disclosure of transaction specifics supports investor monitoring of the buyback programme and assessment of price fairness relative to market conditions and net asset value.

Accurate reporting of voting rights excluding treasury shares aligns with Disclosure Guidance and Transparency Rules, facilitating shareholder notification compliance. The announcement includes standard regulatory information about the company’s domicile, management, and jurisdictional restrictions, underscoring its commitment to transparency and market integrity.

Euro-Denominated Pricing and Market Context

The €7.50 weighted average purchase price reflects the euro denomination consistent with PGPE Ltd’s portfolio exposure, largely invested in euro-denominated private equity assets. Sterling-based investors trading under the PEYS ticker will experience price variations based on prevailing EUR/GBP exchange rates on the transaction date.

While the announcement does not provide historical price context, investors should compare the €7.50 buyback price with recent trading ranges, net asset value per share, and peer valuations to evaluate buyback attractiveness. The weighted average price suggests the shares were acquired in multiple tranches to minimize market impact, a common practice in share repurchase programmes.