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Hamilton, Bermuda – 16 December 2020 – In a filing with the Bermuda Stock Exchange (“BSX”),Global Private Equity One Limited (the “Company”) announced a share redemption.  The filing stated:

 

 

 

GLOBAL PRIVATE EQUITY ONE LIMITED

 

(the “Company”)

 

Registered number: 60930

 

 

 

 

 

Share Redemption

 

 

 

 

 

3 December 2020

 

 

 

The Directors of the Company are pleased to announce that a distribution representing 12.84% of the Company’s Net Asset Value as at 30 June 2020 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 in addition to interest income from cash holdings.

 

 

 

Accordingly, payment of US$ 13,262,372.26 in aggregate is expected to be paid to shareholders within the first two weeks of December 2020. A Class shares will be repurchased at a price of US$ 1,119.835 and B Class shares at a price of US$ 1,124.428. A total of 11,828.655 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 80,314.089, of which 56,322.218 will be A Shares and 23,991.871 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:

 

 

 

Praxis Fund Services Limited

 

Sarnia House

 

Le Truchot

 

St Peter Port

 

Guernsey GY1 1GR

 

Tel: +44 1481 737600

 

Fax: +44 1481 749829