NB Private Equity Partners Limited Nb Private Equity: Result Of Agm

 
TIDMNBPE 
 
 
   10 September 2020 
 
   NB Private Equity Partners Limited (the "Company") is pleased to 
announce that at the Annual General Meeting of its Class A Shareholders 
held at 1.45 p.m. on 10 September 2020, each of the Resolutions tabled 
were duly passed without amendment. 
 
   The details of each resolution are as follows: 
 
   ORDINARY RESOLUTIONS 
 
   Resolution 1 
 
   THAT the Audited Financial Statements, the Directors' report, and the 
auditors' report for the financial year ended 31 December 2019 be 
received and considered. 
 
 
 
 
For (including discretionary)  19,014,092 votes 
Against                        0 votes 
Withheld                       0 votes 
 
 
   Resolution 2 
 
   THAT the Directors' remuneration for the financial year ended 31 
December 2019 as provided in the Directors' report be approved. 
 
 
 
 
For (including discretionary)  19,010,317 votes 
Against                        3,775 votes 
Withheld                       0 votes 
 
 
   Resolution 3 
 
   THAT William Maltby as a Director of the Company, retiring in accordance 
with the AIC Code and Article 26.2 of the Company's Articles of 
Incorporation be re-elected. 
 
 
 
 
For (including discretionary)  19,012,709 votes 
Against                        0 votes 
Withheld                       1,383 votes 
 
 
   Resolution 4 
 
   THAT John Falla as a Director of the Company, retiring in accordance 
with the AIC Code be re-elected. 
 
 
 
 
For (including discretionary)  18,702,668 votes 
Against                        310,041 votes 
Withheld                       1,383 votes 
 
 
   Resolution 5 
 
   THAT Trudi Clark as a Director of the Company, retiring in accordance 
with the AIC Code be re-elected. 
 
 
 
 
For (including discretionary)  18,753,741 votes 
Against                        258,968 votes 
Withheld                       1,383 votes 
 
 
   Resolution 6 
 
   THAT Wilken von Hodenberg as a Director of the Company, retiring in 
accordance with the AIC Code and Article 26.2 of the Company's Articles 
of Incorporation be re-elected. 
 
 
 
 
For (including discretionary)  19,012,709 votes 
Against                        0 votes 
Withheld                       1,383 votes 
 
 
   Resolution 7 
 
   THAT Peter von Lehe as a Director of the Company, retiring in accordance 
with the AIC Code, Article 26.2 of the Company's Articles of 
Incorporation and Listing Rules 15.2.12A(1) and 15.2.13A be re-elected. 
 
 
 
 
For (including discretionary)  14,774,624 votes 
Against                        1,205,556 votes 
Withheld                       3,033,911 votes 
 
 
   Resolution 8 
 
   THAT KPMG Channel Islands Limited, who have indicated their willingness 
to continue in office, be re-appointed as auditors of the Company and to 
hold office from the conclusion of this AGM until the conclusion of the 
next AGM to be held in 2021. 
 
 
 
 
For (including discretionary)  17,807,656 votes 
Against                        1,205,052 votes 
Withheld                       1,383 votes 
 
 
   Resolution 9 
 
   THAT the Directors be authorised to determine the remuneration of KPMG 
Channel Islands Limited. 
 
 
 
 
For (including discretionary)  19,012,709 votes 
Against                        0 votes 
Withheld                       1,383 votes 
 
 
   Resolution 10 
 
   THAT the interim dividend of $0.29 cents per share in respect of the 
period 1 July 2019 to 31 December 2019 and the interim dividend of $0.29 
cents per share in respect of the period 1 January 2020 to 30 June 2020, 
declared by the Company, be ratified and approved. 
 
 
 
 
For (including discretionary)  19,014,092 votes 
Against                        0 votes 
Withheld                       0 votes 
 
 
   In accordance with LR 9.6.18, details of those resolutions passed, which 
were not ordinary business of the AGM, follow:- 
 
 
 
 
                      Votes For (including 
Resolution Type          discretionary)         Votes Against  Votes Withheld* 
11 - Special                        17,807,974          5,052        1,201,065 
12 -- Special                       18,866,802        145,907            1,383 
 
 
   *A vote withheld is not a vote in law and is therefore not counted 
towards the proportion of votes "for" or "against" the Resolution. 
 
   The full wording of these resolutions can be found below: 
 
   SPECIAL RESOLUTIONS 
 
   Resolution 11 
 
   THAT the Company be and is hereby authorised, in accordance with section 
315 of the Companies (Guernsey) Act 2008, as amended (the "Companies 
Law"), subject to the Listing Rules made by the United Kingdom Financial 
Conduct Authority and all other applicable legislation and regulations, 
to make market acquisitions (within the meaning of section 316 of the 
Companies Law) of its own Class A Shares (as defined in the Company's 
Articles) which may be cancelled or held as treasury shares, provided 
that: 
 
 
   1. The maximum number of Class A Shares authorised to be purchased under 
      this authority shall be 6,537,232 Class A Shares (being 14.99 per cent. 
      of the Class A Shares in issue (excluding Class A Shares held in 
      treasury) as at the latest practicable date; 
 
   2. The minimum price (exclusive of expenses) which may be paid for a Class A 
      Share is US$0.01; 
 
   3. the maximum price (exclusive of expenses) which may be paid for a Class A 
      Share shall be not more than an amount equal to the higher of 
 
          1. 5 per cent. above the average mid-market value of the Class A 
             Shares on the regulated market where the repurchase is carried out 
             for the five business days prior to the day the purchase is made; 
             and 
 
          2. the higher of (i) the price of the last independent trade; and 
             (ii) the highest current independent bid price, in each case on 
             the regulated market where the purchase is carried out, and 
 
 
   such authority to expire on the date which is 15 months from the date of 
passing of this resolution or, if earlier, at the end of the Annual 
General Meeting of the Company to be held in 2021 (unless previously 
renewed, revoked or varied by the Company by special resolution) save 
that the Company may make a contract to acquire Class A Shares under 
this authority before its expiry which will or may be executed wholly or 
partly after its expiration and the Company may make an acquisition of 
Class A Shares pursuant to such a contract. 
 
   Resolution 12 
 
   THAT the Directors be and are hereby authorised, pursuant to Article 5.7 
of the Articles, to allot and issue or make offers or agreements to 
allot and issue, grant rights to subscribe for, or to convert any 
securities into, Class A Shares (including by way of sale of Class A 
Shares from treasury) ("Relevant Securities") for cash in to the 
aggregate number of Class A Shares equal to 4,356,701 (being 9.99 per 
cent. of the Class A Shares in issue as at the Latest Practicable Date) 
(excluding any Class A Shares held in treasury and after giving effect 
to the exercise of any warrants, options or other convertible securities 
outstanding as at such date) as if Article 5.2 of the Articles did not 
apply to any such allotment and issue, such authority to expire on the 
date which is 15 months from the date of the passing of this resolution 
or, if earlier, at the end of the Annual General Meeting of the Company 
to held in 2021 (unless previously renewed, revoked or varied by the 
Company by a special resolution) save that the Company may, before such 
expiry, make an offer or agreement which would or might require Relevant 
Securities to be allotted and issued after such expiry and the directors 
may allot and issue Relevant Securities in pursuance of such an offer or 
agreement as if the authority conferred by this resolution had no 
expired. 
 
   For further information, please contact: 
 
   NBPE Investor Relations                     [phone] 
 
   Kaso Legg Communications              [phone] 
 
   Charles Gorman 
[e-mail] 
https://www.globenewswire.com/Tracker?data=zts0H6LinzhaUx3Dt5I9jawqKFjdK8ZrsmN0ZjpvfdkXoUSu36GQguQ925OruOn-Fn7rx_JU8fUyry2vlh9ijwVYsCs34RdyGaM_NzYjWxVkDcdcOPVB4yIQFXkXF_hn 
 
 
   About NB Private Equity Partners Limited 
 
   NBPE invests in direct private equity investments alongside market 
leading private equity firms globally. NB Alternatives Advisers LLC (the 
"Investment Manager"), an indirect wholly owned subsidiary of Neuberger 
Berman Group LLC, is responsible for sourcing, execution and management 
of NBPE. The vast majority of direct investments are made with no 
management fee / no carried interest payable to third-party GPs, 
offering greater fee efficiency than other listed private equity 
companies. NBPE seeks capital appreciation through growth in net asset 
value over time while paying a bi-annual dividend. 
 
   LEI number: 213800UJH93NH8IOFQ77 
 
   About Neuberger Berman 
 
   Neuberger Berman, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages a range of 
strategies--including equity, fixed income, quantitative and multi-asset 
class, private equity, real estate and hedge funds--on behalf of 
institutions, advisors and individual investors globally. With offices 
in 24 countries, Neuberger Berman's diverse team has 2,300 
professionals. For six consecutive years, the company has been named 
first or second in Pensions & Investments Best Places to Work in Money 
Management survey (among those with 1,000 employees or more). The firm 
was awarded an A+ in every category in the latest 2019 PRI report for 
our approach to ESG integration across asset classes. The firm manages 
$357 billion in client assets as of June 30, 2020. For more information, 
please visit our website at www.nb.com. 
 
 
 
 

(END) Dow Jones Newswires

September 10, 2020 11:03 ET (15:03 GMT)

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