Princess Private Equity Holding Ltd Dividend Declaration (0959W)

TIDMPEY TIDMPEYS

RNS Number : 0959W

Princess Private Equity Holding Ltd

10 November 2017

News Release

Guernsey, 10 November 2017

Princess Private Equity declares second interim dividend and announces Sterling dividend currency election and dividend re-investment plan

The Board of Directors of Princess Private Equity Holding Limited ("Princess" or the "Company") announces a second interim dividend of EUR 0.28 per share for the 2017 calendar year. Dividends for the full year, including the first interim dividend paid in June, total EUR 0.56 per share, a 3.7% increase on the prior year (2016: EUR 0.54 per share). This translates into an annualized yield of 5.1% on the net asset value (NAV) per share as of 30 September 2017 and a dividend yield of 5.3% on the 30 September 2017 closing share price.

The Board of Directors also announces two actions related to the Company's dividend: a Sterling currency election and a dividend re-investment plan.

Sterling currency election

On 6 September 2017, the Company announced the intention to introduce an additional market quote in Sterling for its existing ordinary shares in the London Stock Exchange, alongside the Company's existing Euro market quote. The purpose of the introduction of the Sterling quote is to broaden the potential ownership of the Company's ordinary shares. Following the introduction of the Sterling quote, which was admitted to trading on 8 September, the Board is pleased to announce that shareholders will have the option to make a dividend currency election to receive dividends in Sterling. For the avoidance of doubt, all dividends will continue to be declared in Euros and the default currency for dividend payments will remain Euros.

Dividend re-investment plan

The Board believes that the Company's dividend policy is an attractive feature for shareholders. However, it recognises that certain investors have a greater focus on capital growth and would prefer to re-invest the dividend proceeds in additional shares. To facilitate this, the Company offers a dividend re-investment plan, which allows shareholders to elect to re-invest their dividend proceeds automatically.

Brain Human, Chairman, comments, "It is the Board's intention that Princess will continue to pay an attractive dividend yield between 5-8% of NAV per annum based on Princess' NAV in Euros. While the default currency for both reporting and dividend payments remains Euros, we are pleased to offer shareholders the option to invest in the company's shares via the new Sterling market quote and to elect to receive dividends in Sterling. In conjunction with the dividend re-investment plan, we hope that these initiatives will continue to broaden the appeal of the Company and to create value for shareholders."

The second interim dividend for the year will be paid on 22 December 2017. The relevant date for the entitlement to the dividend (record date) will be 24 November 2017 and the corresponding ex-dividend date will be 23 November 2017. The last date for the currency election and the dividend re-investment plan will be 1 December 2017.

Shareholders wishing to make a currency election should complete the form available in the Dividend Information section on the Company's website:

www.princess-privateequity.net/en/investor_relations/dividend_information.php

Shareholders that wish to elect for the dividend re-investment plan can visit www.signalshares.com and make an online election. Alternatively, shareholders can contact Link Asset Services on [phone] to receive a personalized dividend reinvestment plan election form.

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 57 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). Further information: www.princess-privateequity.net.

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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November 10, 2017 02:00 ET (07:00 GMT)