Realisation Strategy Disposal
January 03 2012 - 11:50AM
UK Regulatory
TIDMHPEQ
HENDERSON PRIVATE EQUITY INVESTMENT TRUST PLC
3 JANUARY 2012
Realisation Strategy Disposal
Henderson Private Equity Investment Trust plc ("the Company") is pleased to
announce that it has completed the transfer of its limited partnership
commitment to Pragma II, FCPR ("Pragma II") to a third party.
The Company has received cash proceeds of EUR3,035,813 for the sale of its
limited partnership commitment to Pragma II. In addition, cash of EUR294,575 was
received on a EUR-for-EUR basis in relation to a drawdown by Pragma II which
occurred after the 30 September 2011 transaction reference date. The third
party transferee has also assumed the Company's undrawn commitment to Pragma II
of EUR1,953,508.
The completion proceeds resulting from the transfer equated to the carrying
value of Pragma II contained in the Company's unaudited net asset value ("NAV")
as at 30 November 2011 announced on 5 December 2011 and also the Company's 31
December 2011 NAV which will be announced shortly.
This transaction represents the sixth limited partnership asset transfer as
part of the Company's asset realisation strategy. Further transfers will be
progressed and completed in due course with associated announcements made as
required.
For further information, please contact:
Ian Barrass
Henderson Private Equity Investment Trust plc
Portfolio Manager
020 7818 2964
END
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