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Hamilton, Bermuda: 3^rd December  2021 - In a filing with the Bermuda Stock Exchange (the “Exchange”), Global Private Equity One Limited announces the following:-

 

GLOBAL PRIVATE EQUITY ONE LIMITED (THE “COMPANY”)

 

 

Sarnia House, Le Truchot, St Peter Port, Guernsey GY1 1GR

 

Registration Number: 60930

 

Share Redemption

 

The Directors of the Company are pleased to announce that a distribution representing 4.38% of the Company’s Net Asset Value as at 30 June 2021 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 US$ 4,629,910.624 in aggregate is expected to be paid to shareholders within the first two weeks in December 2021. A Class shares will be repurchased at a price of US$ 1,312.825 per share and B Class shares at a price of US$ 1,320.671 per share.  A total of 3,520.393 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 71,381.579, of which 50,058.078 will be A Shares and 21,323.502 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

 

                                               

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For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX. Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities. The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.