(Alliance News) - Pantheon International PLC on Friday said its net asset value return fell short of its benchmark index during the first half of its current financial year, despite a swing to positive pretax returns. Read More
Pantheon International PLC - Exeter, England-based private equity investment trust - Extends the multi-currency revolving credit facility that was due to expire in October 2026 by a further two years, so that it is now due to expire in October 2028. The facility is valued at a GBP400 million equivalent commitment, down from GBP500 million previously but its flexibility is increased to GBP700 million. Pantheon International says this "ensures liquidity coverage whilst appropriately managing costs associated with the credit facility". The first tranche of the facility is worth USD393.0 million, and the second is USD120.0 million. As of Friday, Pantheon International has GBP23.7 million in cash and USD152 million in drawings under the credit facility. The company also holds three private placement loan notes, valued at USD52.5 million, USD67.5 million and USD30.0 million respectively, the earliest of which is due to expire in February 2029. Read More
Pantheon International PLC - Exeter, England-based private equity investment trust - Director John Burgess buys shares via November 1990 Trust. Buys 189,247 shares at GBP3.24, worth GBP613,699, on Friday last week and 405,308 shares at GBP3.25, worth GBP1.3 million, on Tuesday this week. Burgess had bought 78,504 shares worth GBP236,828, 75,892 shares worth GBP231,088, and 50,003 shares worth GBP153,259 earlier this month, meaning he has bought GBP2.5 million worth of Pantheon International shares during August. Read More
Pantheon International PLC - Exeter, England-based private equity investment trust - Director John Burgess buys 75,892 shares via November 1990 Trust at GBP3.04, worth GBP231,088, on Friday last week. Read More
Pantheon International PLC - Exeter, England-based private equity investment trust - Net asset value was 491.9 pence per share as of June 30, up 0.2% from 490.5p from a month before. Reports the firm invested GBP3.5 million in share buybacks during the month, acquiring 1.1 million shares at a weighted average price of 322.6p per share. Additionally, notes GBP25 million of new commitments, including a GBP11.1 million co-investment in London & Capital, and a GBP13.9 million primary commitment to HIG Capital Partners VII. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Pantheon International PLC on Friday announced its latest buyback as part of a wider ongoing programme. Read More
Pantheon International PLC - London-based investment trust - Has bought back GBP189.6 million worth of shares as of Wednesday as part of its GBP200 million buyback programme scheduled to complete by June 1. The buyback has resulted in a 4.5% uplift to the company's March net asset value of 488.1 pence per share, Pantheon notes. Read More
Pantheon International PLC - Exeter, England-based private equity investment company - Says net asset value per share at January 31 was 474.7 pence, down 0.6% from 477.4p at December 31. Last week, the firm announced its half-year results for the six-months ended November 30. It reported that NAV per share at November 30 improved 1.5% to 476.49 pence per share as at November 30 from 469.46p a year prior. The company added that its GBP200 million share buyback programme which it launched during the six months to November 30 is taking advantage of "the wide discount" to its shares. Read More
(Alliance News) - Pantheon International PLC on Thursday reported growth in net asset value on the back of receding inflation and lower energy prices last year. Read More
Pantheon International PLC - Exeter, England-based private equity investment - Net asset value per share at December 31 was 477.4 pence, up 0.2% from 476.5p at November 30. At December 31, Pantheon says its private equity assets stood at GBP2.40 billion, while net available cash balances were GBP39 million. Additionally, during the month of December, Pantheon says it invested GBP6.4 million in share buybacks, acquiring 2.1 million shares at a weighted average price of 299.2 pence per share. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Pantheon International PLC on Friday said it intends to raise USD150 million through a private placement of loan notes to North American investors. Read More
Pantheon International PLC - private equity investment trust - Agrees a new GBP500 million equivalent multi-tranche, multi-currency revolving credit facility agreement, which replaces the existing GBP500 million equivalent credit facility. The new loan facility is split into a GBP400 million facility, expiring in October 2026 with an ongoing option to extend, by agreement, the maturity date by 364 days at a time; and a GBP100 million facility expiring in October 2024. Says it sought to "build a long-term, sustainable, more flexible, and diverse capital structure as part of this process, further strengthening the company's balance sheet". The structure permits the GBP400 million facility to be increased to GBP700 million, subject to the consent of participating lenders. Says the new loan facility was oversubscribed, with new lenders State Street Bank & Trust Co, RBS International PLC, Mizuho Bank Ltd and RBC Europe Ltd, joining the syndicate alongside two existing lenders Lloyds Bank Corporate Markets PLC and State Street Bank International GmbH. Credit Suisse AG's London branch will no longer be a lender. Read More
Pantheon International PLC - private equity investment trust - Agrees a new GBP500 million equivalent multi-tranche, multi-currency revolving credit facility agreement, which replaces the existing GBP500 million equivalent credit facility. The new loan facility is split into a GBP400 million facility, expiring in October 2026 with an ongoing option to extend, by agreement, the maturity date by 364 days at a time; and a GBP100 million facility expiring in October 2024. Says it sought to "build a long-term, sustainable, more flexible, and diverse capital structure as part of this process, further strengthening the company's balance sheet". The structure permits the GBP400 million facility to be increased to GBP700 million, subject to the consent of participating lenders. Says the new loan facility was oversubscribed, with new lenders State Street Bank & Trust Co, RBS International PLC, Mizuho Bank Ltd and RBC Europe Ltd, joining the syndicate alongside two existing lenders Lloyds Bank Corporate Markets PLC and State Street Bank International GmbH. Credit Suisse AG's London branch will no longer be a lender. Read More
Pantheon International PLC - private equity investment trust - Says tender offer for GBP150 million in shares closed on Tuesday. Says a total of 49.2 million shares will be acquired by the company with a strike price of 305 pence per share. All shares acquired by the company will be cancelled. Read More
Pantheon International PLC - private equity investment trust - Says it will launch a tender offer for up to GBP150 million at a price between 280 pence and 315 pence per share, in 2.5p increments. Says the tender offer, which will close on October 17, is part of its intention to invest GBP200 million in its portfolio, announced in May. Says shareholders who do not tender their shares will benefit from net asset value accretion. Read More