14th Mar 2008 09:08
Princess Private Equity Holding Ltd14 March 2008 News Release Guernsey, 14 March 2008 Princess publishes annual report 2007 with 12% NAV increase achieved during thefinancial year Princess Private Equity Holding Limited ("Princess") today published its annualreport as of 31 December 2007. Highlights during the year include: • IFRS-based net asset value (NAV) increase of 12% (adjusted fordividend payments) • Additional Listing on the London Stock Exchange where tradingcommenced on 1 November 2007 • First dividend payments in the history of Princess totalling EUR57.4 cents per share and resulting in a dividend yield of 7.2% based on theshare price as at the end of December • Investment level increase from 67% in 2006 to 88% as per the end of2007 made possible by the buoyant commitment activity and the build-up of adirect investment portfolio • Share price increase of 6.5% (adjusted for dividend payments) Colin Maltby, Chairman of Princess, comments: "I remain confident that 2008 willoffer many attractive opportunities for Princess and thus a further positivetrend in the Princess net asset value development is expected. The maturity andquality of the diversified portfolio of Princess, which has led to theconsistently strong performance, in combination with future anticipated highdividend payments of 5-8% of the NAV, are expected to allow Princess to clearlydifferentiate itself from competitors in 2008." A detailed analysis and commentary on the year 2007 developments at Princess arepresented in the Annual Report published today, which may be accessed viawww.princes-privateequity.net. Hardcopies of the report will be sent to allshareholders by the end of April. Please contact Mr. Ken Ball if you wish toreceive a printed copy. About Princess: Princess is an investment holding company founded in 1999 and domiciled inGuernsey that invests in private equity and private debt investments. TheCompany is advised in its investment activities by Partners Group, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with over CHF 24 billion assets under management in privateequity, private debt, private real estate, listed alternative strategies, hedgefunds and alternative beta strategies. Princess aims to provide shareholderswith long-term capital growth and an attractive dividend yield. Princess istraded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the LondonStock Exchange (ticker symbol: PEY). Further information:www.princess-privateequity.net Contacts: Princess Private Equity Holding Limited:Ken BallGeneral ManagerPhone: +44 1481 730 946princess@princess-privateequity.netwww.princess-privateequity.net Media enquiries and Partners Group:Tamara KrebsCommunicationsTel.: +41 41 768 85 [email protected] This document does not constitute an offer to sell or a solicitation of an offerto buy or subscribe for any securities and neither is it intended to be aninvestment advertisement or sales instrument of Princess Private Equity HoldingLimited. The distribution of this document may be restricted by law in certainjurisdictions. Persons into whose possession this document comes must informthemselves about, and observe any such restrictions on the distribution of thisdocument. In particular, this document and the information contained therein isnot for distribution or publication, neither directly nor indirectly, in or intothe United States of America, Canada, Australia or Japan. This document may have been prepared using financial information contained inthe 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 anythird party. This document may describe past performance, which may not beindicative of future results. The product does not accept any liability foractions taken on the basis of the information provided in this document. Issued and approved by Partners Group (UK) Ltd., authorised and regulated by theFinancial Services Authority in the United Kingdom. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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