Patria Private Equity [PPET] - was APEO
Posted: May 4th, 2024, 12:31 pm
https://www.investegate.co.uk/announcem ... me/8162811
"Change of Name
The Board of abrdn Private Equity Opportunities Trust plc (the "Company") notes the press release made today by abrdn plc in respect of the completion of the sale of its European-headquartered Private Equity business including the Company's investment manager, abrdn Capital Partners LLP ("abrdn Capital Partners"), to Patria Investments Ltd ("Patria"), a global alternative asset manager (the "Transaction").
As announced at the Company's AGM on 27 March 2024, following an extensive due diligence process, the Board consented to the Transaction by waiving the "Manager Change of Control" provisions set out in the Company's investment management agreement with abrdn Capital Partners.
The Company will continue to be managed by abrdn Capital Partners (which has been renamed Patria Capital Partners LLP), which is now an indirect subsidiary of Patria.
With immediate effect:
· the Company's name will change to Patria Private Equity Trust plc;
· the Company's registered office will change to 16 Charlotte Square, Edinburgh, EH2 4DF;
· the Company secretary will change to GPMS Corporate Secretary Limited (an indirect subsidiary of Patria); and
· the Company's website will change to https://patriaprivateequitytrust.com/
The Company has requested that the FCA and the LSE update their records for the Company's new name and to apply a new ticker (PPET) as soon as practicable, which is expected to take effect on Wednesday, 1 May 2024.
"Change of Name
The Board of abrdn Private Equity Opportunities Trust plc (the "Company") notes the press release made today by abrdn plc in respect of the completion of the sale of its European-headquartered Private Equity business including the Company's investment manager, abrdn Capital Partners LLP ("abrdn Capital Partners"), to Patria Investments Ltd ("Patria"), a global alternative asset manager (the "Transaction").
As announced at the Company's AGM on 27 March 2024, following an extensive due diligence process, the Board consented to the Transaction by waiving the "Manager Change of Control" provisions set out in the Company's investment management agreement with abrdn Capital Partners.
The Company will continue to be managed by abrdn Capital Partners (which has been renamed Patria Capital Partners LLP), which is now an indirect subsidiary of Patria.
With immediate effect:
· the Company's name will change to Patria Private Equity Trust plc;
· the Company's registered office will change to 16 Charlotte Square, Edinburgh, EH2 4DF;
· the Company secretary will change to GPMS Corporate Secretary Limited (an indirect subsidiary of Patria); and
· the Company's website will change to https://patriaprivateequitytrust.com/
The Company has requested that the FCA and the LSE update their records for the Company's new name and to apply a new ticker (PPET) as soon as practicable, which is expected to take effect on Wednesday, 1 May 2024.