News Column

Result of Tender offer

May 29, 2014

Result of Tender Offer 29 May 2014Private Equity Investor PLC (the "Company") The Company posted to shareholders on 1 May 2014 a circular ("Circular") in respect of a tender offer to purchase shares in the Company having an aggregate value at the tender price of up to 8,500,000. Terms used in this announcement shall have the same meaning as in the Circular. The Board announces that the NAV per Share as at the Calculation Date was 219.43 pence. Accordingly the Tender Price is 218.5455 pence per Share, after deducting an amount equal to the Tender Costs per Share. The Basic Entitlement Percentage is therefore 20.80 per cent. The full result of the Tender Offer is as follows: Total number of Shares in issue as at the Record Date: 18,694,757 Shares tendered for the Basic Entitlement: 3,777,615 Shares tendered for more than the Basic Entitlement: 13,745,267 Shares not tendered under the Basic Entitlement (i.e. excess available): 111,735 Total number of Shares tendered: 18,158,204 Shareholders who tendered in excess of the Basic Entitlement will have approximately 0.81 per cent. of their excess satisfied (rounded down) resulting in 111,634 Shares being tendered under the excess available. The Tender Offer is expected to be completed today with a total of 3,889,249 Shares to be repurchased by the Company for cancellation. Following completion of the Tender Offer, 14,805,508 Shares will be in issue. CREST accounts of shareholders who hold their Shares in CREST are expected to be credited and cheques in respect of shareholders who do not hold their Shares in CREST are expected to be dispatched by 4 June 2014. Enquiries: Jonathan Carslake, Capita Sinclair Henderson Limited Tel: +44 1392 477 506 William Simmonds, J.P. Morgan Cazenove Tel: +44 207 134 7361 END The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.

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Source: PR Newswire TOD Wire

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