Last checked at 
17 May 2019 07:00
News Release
Guernsey, 17 May 2019
Princess announces interim dividend and publishes first quarter 2019 report
Princess Private Equity Holding Limited ("Princess" or the "Company") today published its interim report for the three-month period ended 31 March 2019. The key items were:
· Net asset value ("NAV") increased to EUR 11.51 per share, representing a total return of +5.6% for the first quarter
· Valuation developments (+6.5%) were the key driver of NAV growth. Amongst the largest contributors to NAV growth were GlobalLogic, Action, Foncia, Permotio and Vishal Mega Mart
· Share price total return of +14.6% as equity markets recovered from the volatility and declines of the fourth quarter of 2018
· Princess declared an increased first interim dividend of EUR 0.29 per share (2018: 0.28 per share). The Company maintains its objective to distribute 5-8% of opening NAV per annum via semi-annual dividends
· Investment activity totaled EUR 10.1 million, including an add-on investment in Permotio International Learning to fund the company's buy-and-build strategy
· Realizations of EUR 31.9 million, including the full exit of Agiliti and the sale of shares of Ceridian HCM
Richard Battey, Chairman, comments: "Princess continued to develop positively during the first quarter of 2019, with performance driven by strong EBITDA growth at portfolio company level. Following the positive NAV performance, and reflecting its confidence in the prospects for the portfolio, the Board is pleased to announce an increased interim dividend. Princess' dividend policy allows shareholders to participate in the growth of the Company and the Board believes that the combination of an attractive dividend yield and capital growth should continue to enhance the appeal of the Company to both new and existing investors."
A detailed analysis and commentary on the developments of Princess over the first three months of 2019 is presented in the Q1 interim report published today, which can be accessed via:http://www.princess-privateequity.net/en/investor_relations/reports.php
A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://www.morningstar.com/cefs/xlon/pey/quote.html
Ends.
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is advised in its investment activities by Partners Group, a global private markets investment management firm with over EUR 73 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the London Stock Exchange (ticker symbols: PEY for the Euro quote; PEYS for the Sterling quote).
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: jenny.blinch@partnersgroup.com
www.partnersgroup.com
This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holdings. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.