Princess Private Equity Holding Ltd Annual Financial Report (0219I)

TIDMPEY TIDMPEYS

RNS Number : 0219I

Princess Private Equity Holding Ltd

16 March 2018

News Release

Guernsey, 16 March 2018

Princess publishes annual report 2017

Princess Private Equity Holding Limited (Princess or the Company) today published its Annual Report for 2017. The key items were:

-- Net asset value ("NAV") increased to EUR 10.73 per share, representing a total return of +11.2% for the year

   --      Share price total return was +29.6% driven by a narrowing of the Company's discount to NAV 

-- Valuation developments (+16.2%) were the key driver of NAV growth, while currency movements had a negative impact (-2.1%). The largest contributors to NAV growth were the direct investments in VAT Group, Action and Form Technologies

   --      Dividend increased to EUR 0.56 per share, +3.7% versus the prior year 

-- Investment activity totaled EUR 117.2 million, including Partners Group's acquisitions of Civica and United States Infrastructure Corporation

-- Realizations of EUR 191.1 million included EUR 78.3 million from the placing of shares in VAT Group

Brian Human, Chairman, comments: "In 2017 Princess achieved a positive NAV performance driven by double-digit revenue and EBITDA growth at underlying portfolio company level and an active period for realizations. The Board remains confident that the combination of a high dividend yield and capital growth from Princess' global portfolio of leading mid-market companies should continue to create value for shareholders."

A detailed analysis and commentary on the developments of Princess during 2017 is presented in the Annual Report published today, which can be accessed via: http://www.princess-privateequity.net/financialreports

A copy of the report has also 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 EUR 61.9 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 symbols: PEY for the Euro quote; PEYS for the Sterling quote).

Contacts

Princess Private Equity Holding Limited:

[e-mail]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

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 Private Equity Holdings. 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

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March 16, 2018 12:45 ET (16:45 GMT)