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Hamilton, Bermuda:  18 July 2023 – In a filing with the Bermuda Stock Exchange (“BSX”), Global Private Equity One Limited (the “Company”) announced a share redemption.  The full filing stated:

 

 

GLOBAL PRIVATE EQUITY ONE LIMITED

(the “Company”)

Registration Number: 60930

 

18 July 2023

 

Share Redemption

 

The Directors of the Company are pleased to announce that a distribution representing 9.44% of the Company’s Net Asset Value as at 31 March 2023 will be distributed to shareholders by means of a redemption of the Company’s A Class Ordinary Shares (“A Shares”) and B Class Ordinary Shares (“B Shares”).

 

The excess accumulated capital held by the Company has been the result of non-recallable distributions from the underlying investments of the Company.

 

Accordingly, payment of USD8,417,262.74 in aggregate is expected to be paid to shareholders within the last two weeks of July 2023. A Class shares will be repurchased at a price of USD1,446.774 per share and B Class shares at a price of USD1,460.956 per share. A total of 5,800.966 shares will be redeemed by the Company, pro rata against each shareholders’ holding of A Shares and B Shares and cancelled thereafter.

 

Following the redemption, the Company’s issued share capital will be 55,680.650, of which 39,047.417 will be A Shares and 16,633.233 will be B Shares.

 

Further announcements will be made when further distributions are to be made to shareholders.

Please direct all enquires to the Investment Manager or Company Secretary at the below address:

 

Sanne Fund Services (Guernsey) Limited

1 Royal Plaza

Royal Avenue

St Peter Port

Guernsey

GY1 2HL

Tel: +44 (0) 20 3530 3109

 

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