Pantheon International Share News (PIN)

Pantheon net asset value expands 0.9pc in March

(Sharecast News) - Pantheon International reported a 0.9% month-on-month improvement in its unaudited net asset value per share in March on Friday, to 488.1p, as its total net asset value stood at £2.3bn.

IN BRIEF: Pantheon International reports dip in net assets

Pantheon International PLC - Exeter, England-based private equity investment company - Says net asset value per share at January 31 was 474.7 pence, down 0.6% from 477.4p at December 31. Last week, the firm announced its half-year results for the six-months ended November 30. It reported that NAV per share at November 30 improved 1.5% to 476.49 pence per share as at November 30 from 469.46p a year prior. The company added that its GBP200 million share buyback programme which it launched during the six months to November 30 is taking advantage of "the wide discount" to its shares.

Pantheon International net asset value edges up amid fading inflation

(Alliance News) - Pantheon International PLC on Thursday reported growth in net asset value on the back of receding inflation and lower energy prices last year.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Pantheon International net assets rise slightly in December

Pantheon International PLC - Exeter, England-based private equity investment - Net asset value per share at December 31 was 477.4 pence, up 0.2% from 476.5p at November 30. At December 31, Pantheon says its private equity assets stood at GBP2.40 billion, while net available cash balances were GBP39 million. Additionally, during the month of December, Pantheon says it invested GBP6.4 million in share buybacks, acquiring 2.1 million shares at a weighted average price of 299.2 pence per share.

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Pantheon International issues loan notes to raise USD150 million

(Alliance News) - Pantheon International PLC on Friday said it intends to raise USD150 million through a private placement of loan notes to North American investors.

UPDATE: Pantheon International completes tender; signs RCF

Pantheon International PLC - private equity investment trust - Agrees a new GBP500 million equivalent multi-tranche, multi-currency revolving credit facility agreement, which replaces the existing GBP500 million equivalent credit facility. The new loan facility is split into a GBP400 million facility, expiring in October 2026 with an ongoing option to extend, by agreement, the maturity date by 364 days at a time; and a GBP100 million facility expiring in October 2024. Says it sought to "build a long-term, sustainable, more flexible, and diverse capital structure as part of this process, further strengthening the company's balance sheet". The structure permits the GBP400 million facility to be increased to GBP700 million, subject to the consent of participating lenders. Says the new loan facility was oversubscribed, with new lenders State Street Bank & Trust Co, RBS International PLC, Mizuho Bank Ltd and RBC Europe Ltd, joining the syndicate alongside two existing lenders Lloyds Bank Corporate Markets PLC and State Street Bank International GmbH. Credit Suisse AG's London branch will no longer be a lender.

IN BRIEF: Pantheon International agrees new GBP500 million facility

Pantheon International PLC - private equity investment trust - Agrees a new GBP500 million equivalent multi-tranche, multi-currency revolving credit facility agreement, which replaces the existing GBP500 million equivalent credit facility. The new loan facility is split into a GBP400 million facility, expiring in October 2026 with an ongoing option to extend, by agreement, the maturity date by 364 days at a time; and a GBP100 million facility expiring in October 2024. Says it sought to "build a long-term, sustainable, more flexible, and diverse capital structure as part of this process, further strengthening the company's balance sheet". The structure permits the GBP400 million facility to be increased to GBP700 million, subject to the consent of participating lenders. Says the new loan facility was oversubscribed, with new lenders State Street Bank & Trust Co, RBS International PLC, Mizuho Bank Ltd and RBC Europe Ltd, joining the syndicate alongside two existing lenders Lloyds Bank Corporate Markets PLC and State Street Bank International GmbH. Credit Suisse AG's London branch will no longer be a lender.

IN BRIEF: Pantheon International closes GBP150 million tender offer

Pantheon International PLC - private equity investment trust - Says tender offer for GBP150 million in shares closed on Tuesday. Says a total of 49.2 million shares will be acquired by the company with a strike price of 305 pence per share. All shares acquired by the company will be cancelled.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Pantheon International launches GBP150 million tender offer

Pantheon International PLC - private equity investment trust - Says it will launch a tender offer for up to GBP150 million at a price between 280 pence and 315 pence per share, in 2.5p increments. Says the tender offer, which will close on October 17, is part of its intention to invest GBP200 million in its portfolio, announced in May. Says shareholders who do not tender their shares will benefit from net asset value accretion.

LONDON BRIEFING: Stocks seen lower; Aviva buys AIG's UK protection arm

(Alliance News) - Stocks in London were set to open lower on Monday as investors eyed fresh concerns for the already fragile Chinese property sector.

IN BRIEF: Pantheon International net asset value rises in August

Pantheon International PLC - private equity investment trust - Net asset value on August 31 is 458.7 pence, up 1.4% from 452.5p at the end of July. The main contributor to the increase during August is foreign exchange movements, though valuation gains, share buybacks, and investment income also contribute. Total NAV now is GBP2.38 billion. In the three months to August 31, NAV is down by 3.7p, or 0.8%, from May 31. During the longer period, negative forex changes more than offset contributions from valuation, buybacks and income. In the recent three months, Pantheon International makes one new investment, a GBP7.5 co-investment alongside IK Investment Partners in Medica Group PLC, a provider of teleradiology services in the UK, Ireland and the US.

IN BRIEF: Pantheon International Director buys GBP700,000 in shares

Pantheon International PLC - London-based private equity investment trust - Director John Burgess buys 258,214 shares priced at GBP2.80 each, via November 1990 Trust. The shares are worth GBP722,999 in total and were bought in London on Tuesday.