4th Mar 2016 09:00
4 March 2016
P2P Global Investments PLC (the "Company")
Discount Management Policy
The Company's board and the investment manager, Eaglewood Europe LLP, strongly believe in a disciplined approach to the allocation of shareholder capital. As an important part of that approach, the Company is committed to an active share price discount management strategy which works in the interest of all shareholders. In the first instance, the Company's board and investment manager believe the best defence against the share price trading at a discount to NAV is an attractive dividend paid quarterly driven from the pursuit of attractive risk adjusted returns in loans and equity.
In addition, and as set out in the Company's prospectus, the board has a number of other tools available as part of its discount management strategy including a dividend reinvestment plan made available to all shareholders and has the authority to repurchase up to 14.99% of the Company's issued share capital. With regard to repurchasing shares, board may use its discretion during periods of market dislocation to opportunistically buyback shares for its treasury account where it believes such a purchase would be accretive over and above the long term attractions of investing in its loan and equity portfolios and it is in the best long term interest of all shareholders to do so.
Eaglewood Europe LLP | +44 (0)20 7316 2280 |
Simon Champ | |
Liberum Capital Limited Simon Atkinson Tom Fyson Joshua Hughes | +44 (0)20 3100 2000 |
J.P. Morgan Cazenove William Simmonds Charles Pretzlik Jack Heathcoat-Amory | +44 (0)20 7742 4000 |
Media enquiries:
| |
Boscobel & Partners George Trefgarne
| + 44 (0)203 642 1310 |
The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the Presentation referred to above, is neither incorporated into nor forms part of the above announcement.
END OF ANNOUNCEMENT
Related Shares:
PSSL.L