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Global Private Equity One Limited – Share Redemption
Hamilton, Bermuda – 27 January 2020 – In a filing with the Bermuda Stock Exchange (“BSX”),Global Private Equity One Limited (the “Company”) announced a share buyback. The filing stated:
GLOBAL PRIVATE EQUITY ONE LIMITED
(the “Company”)
Registered number: 60930
Share Redemption
24 January 2020
The Directors of the Company are pleased to announce that a distribution of 4.24% of the Company’s Net Asset Value as at 30 September 2019 will be distributed to shareholders by means of a share buyback.
The sufficient excess capital built up by the Company has been a result of non-recallable distributions from the underlying investments of the Company as well as interest earned on cash holdings.
Payment of US$ 4,552,895.23 is expected to be paid to shareholders within the first week of February 2020, which equates to a distribution of US$ 1,115.535 per Share for A class shares and US$ 1,118.893 per Share for B class shares. A total of 4,077.69 shares will be bought back by the Company and cancelled thereafter.
Following the share buyback, the Company’s issued share capital will be 92,142.74, of which 64,617.35 will be A class shares and 27,525.40 will be B class shares.
Further announcements will be made when further distributions are to be made to shareholders.
Please direct all enquires to the Company Secretary at the below address:
Praxis Fund Services Limited
Sarnia House
Le Truchot
St Peter Port
Guernsey GY1 1GR
Tel: +44 1481 737600
Fax: +44 1481 749829
END OF ANNOUNCEMENT