Pantheon International Share News (PIN)

IN BRIEF: Pantheon International monthly net asset value drops

Pantheon International PLC - Exeter, England-based private equity investor - Net asset value per share on December 31 is 466.7 pence, down 0.6% from 469.50p on November 31. Valuation loss was 0.4% during the month. As at December 31, private equity assets stood at GBP2.44 billion, while net available cash balances were GBP71 million. Undrawn commitments to investments stood at GBP942 million. Maintains a five-year GBP500 million multi-tranche, multi-currency revolving credit facility agreement that is due to expire in July 2027.

IN BRIEF: Pantheon International NAV per share up from previous month

Pantheon International PLC - Exeter, England-based private equity investor - Net asset value per share on November 30 is 469.50 pence, up 2.1% from 460.00p on October 31. Private equity assets on November 30 are GBP2.48 billion while net available cash balances are GBP52 million and undrawn investments commitments are GBP848 million. Maintains a five-year GBP500 million multi-tranche, multi-currency revolving credit facility agreement that is due to expire in July. Invests GBP16.6 million in share buybacks in November via acquiring 6.4 million shares at average price of 262.1p.

Pantheon International net asset value down 2.7% in October

(Alliance News) - Pantheon International PLC said on Friday its net asset value per share was down while it bought back shares in October.

Pantheon International posts higher NAV per share in September

(Alliance News) - Pantheon International PLC on Friday reported a monthly increase in its net asset value.

UK shareholder meetings calendar - next 7 days

Pantheon International says NAV per share improves in August

(Alliance News) - Pantheon International PLC on Friday reported a monthly increase in its net asset value.

DIRECTOR DEALINGS: Integrated Diagnostics CEO buys USD3 million worth

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News:

LONDON MARKET MIDDAY: BoE hikes, expects UK recession in 4th quarter

(Alliance News) - London shares price made some gains on Thursday morning, though these fell well short of the market rise seen on mainland Europe, as traders in London showed signs of trepidation leading up to the Bank of England's interest rate decision.

Pantheon International net asset value growth outperforms benchmarks

(Alliance News) - Pantheon International PLC on Thursday said its net asset value per share return significantly outperformed key market indices over its financial year.

IN BRIEF: Pantheon International agrees GBP500 million credit facility

Pantheon International PLC - investment trust focused on private equity - Agrees new GBP500 million multi-currency revolving credit facility agreement, which will replace its existing GBP300 million credit facility that was due to expire in May 2024. The new loan facility is due to expire in July 2027, with an ongoing option to extend the agreement by another year. The loan facility has been arranged by Credit Suisse Group AG, Lloyds Banking Group PLC and State Street Bank International GmbH. Pantheon International will pay a blended commitment fee of 95 basis points per annum on the undrawn loan facility and, depending on its utilisation, the margin payable would be equivalent to the relevant benchmark rate plus 2.4% to 2.6%.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Pantheon International chooses John Singer as next chair

Pantheon International PLC - investment trust focused on private equity - Says Director John Singer chosen as chair, replacing Laurie Magnus who will be retiring following October's annual general meeting. Singer has been a director of Pantheon since 2016. "John has decades of private equity experience at the highest levels and his contributions to board deliberations are always thoughtful and well-informed, making him a strong and well qualified candidate to be recommended as Chair," says Senior Independent Director Mary Ann Sieghart.

IN BRIEF: Pantheon International records monthly growth in net assets

Pantheon International PLC - investment trust focused on private equity - Net asset value per share as at April 30 rises 3.8% to 447.4 pence from NAV per share as at March 31. Says valuation gains were 1.3% in April. Attributes this to GBP29.7 million of new commitments during the month. Reports its NAV total return per share amounted to 34% in the year to April 30, beating the 8.7% of the FTSE All-Share Index and 6.9% of the MSCI World Index.

IN BRIEF: Pantheon International to reduce legacy Russia exposure

Pantheon International PLC - investment trust focused on private equity - Says its portfolio has no direct exposure to funds or companies in Ukraine or Belarus, but it has a "negligible exposure" to Russian assets, which are held via a legacy position. A provision has been made to reduce the valuation of this exposure to zero from GBP2.9 million as at February 28. Says it has not invested in Russian region "for some time", and it does not form part of company's investment strategy.

IN BRIEF: Pantheon International asset value rises 22% in half year

Pantheon International PLC - investment trust focused on private equity - Net asset value per share increases by 22% in the half year that ended November 30. NAV per share is 421.1 pence, up from 344.84p on May 31 and 313.92p at the end of November 2020. During the same six months, the share price rise trails at 18%, leaving a 24% share price discount to NAV, "which the board believes is unwarranted". To try to close that gap, during the recent half-year, the FTSE 250-listed investment trust conducted a 1-into-10 share sub-division. In the year to November 30, NAV rises by 34% and the share price by 38%, compared to the FTSE All Share total return of 17%. The company doesn't pay a dividend, seeking NAV and share price growth instead.