Princess Private Equity Holding Ltd Princess publishes Q3 2016 report (2600P)

TIDMPEY

RNS Number : 2600P

Princess Private Equity Holding Ltd

16 November 2016

News Release

Guernsey, 16 November 2016

Princess announces dividend payment and publishes Q3 2016 report

The Board of Directors of Princess Private Equity Holding Limited (Princess or the

Company) is pleased to announce a second dividend of EUR 0.27 per share for the 2016 calendar year. Total dividends for the year are EUR 0.54 per share, including the interim dividend of EUR 0.27 per share distributed in June. This translates into a dividend yield of 5.3% of NAV (as of 30 September 2016) and a yield of 6.4% on Princess' share price, based on yesterday's closing price on the London Stock Exchange.

The second dividend for the year will be paid on 16 December 2016. The relevant date for the entitlement to the dividend (record date) will be 25 November 2016 and the corresponding ex-dividend date will be 24 November 2016. The Company intends to pay dividends semi-annually following the publication of the quarterly reports as of 31 March and 30 September.

In addition, Princess today published its interim report for the nine-month period ended 30 September 2016. The key items were:

n Princess' net asset value (NAV) increased to EUR 10.16 per share, representing a total return of +9.9% YTD, adjusted for the first interim dividend of EUR 0.27 per share.

n Successful implementation of value creation strategies at portfolio company level continued to foster strong revenue and EBITDA growth. Consequently, valuation developments (+12.4% YTD) were responsible for the NAV growth. Currency movements negatively impacted the NAV (-1.0% YTD).

n The largest contributors to Princess' NAV growth during the third quarter were the direct investments in VAT Group AG and Action.

n During the third quarter, Princess invested a total amount of EUR 41.1 million, including buyouts of Foncia and PCI Pharma Services, co-investment in Polyconcept and private debt investment in Cegid Group SA. In total, Princess has invested EUR 88.8 million YTD.

n Realizations in the third quarter totaled EUR 28.3 million, including EUR 3.8 million from the recapitalization of Trimco International and EUR 5.3 million from the refinancing of Essmann. In total, Princess' portfolio has generated EUR 157.6 million of realizations YTD.

Brian Human, Chairman, comments: "With the ongoing positive trading performance of Princess' portfolio companies the Board remains confident that Princess is well-positioned to continue to create value for shareholders. The Company has enjoyed an exceptional period of exit activity during the first nine months of 2016, generating sufficient liquidity to fund dividend payments and to re-deploy capital in new investments that the Board expects to drive returns for Princess' shareholders in the years to come."

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first nine months of 2016 will be presented in a quarterly report published today. The report can be accessed via:

http://www.princessprivateequity.net/financialreports

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do

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 advised in its investment activities by Partners Group, a global private markets investment management firm with over EUR 49 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 London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net.

Contacts

Princess Private Equity Holding Limited:

[e-mail]

www.princess-privateequity.net

Registered Number: 35241

Investor relations contact

George Crowe

Phone: [phone]

E-mail: [e-mail]

Media relations contact

Jenny Blinch

Phone: [phone]

E-mail: [e-mail]

www.partnersgroup.com

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. 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.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2016 02:00 ET (07:00 GMT)