TIDMHVPE
RNS Number : 5537G
HarbourVest Global Priv. Equity Ltd
19 July 2023
19 July 2023
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA,
JAPAN OR ANY MEMBER STATE OF THE EEA OR TO ANY NATIONAL, RESIDENT
OR CITIZEN OF THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA,
JAPAN OR ANY MEMBER STATE OF THE EEA IF TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS AND REGULATIONS IN SUCH
JURISDICTION
HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED
RESULTS OF ANNUAL GENERAL MEETING
HarbourVest Global Private Equity Limited ("HVPE" or the
"Company"), a FTSE 250 investment company with global exposure to
private companies, managed by HarbourVest Partners, hereby
announces the results of its Annual General Meeting (the "AGM")
held on Wednesday 19 July 2023 at 1:00 p.m. at St Pierre Park
Hotel, Rohais, St Peter Port, Guernsey GY1 1FD.
The Company advises that the proxy votes received were as
follows:
ORDINARY BUSINESS
IT WAS RESOLVED to receive the Annual Financial Statements of
the Company and the reports of the Directors and Auditor for the
year ended 31 January 2023.
(42,473,732 votes cast in favour, 2,162 against and 3,591
withheld).
IT WAS RESOLVED approve the Directors' remuneration report for
the year ended 31 January 2023.
(42,436,206 votes cast in favour, 36,006 against and 7,273
withheld).
IT WAS RESOLVED to re-elect Ms Anulika Ajufo as a Director of
the Company.
(42,462,585 votes cast in favour, 10,358 against and 6,542
withheld).
IT WAS RESOLVED to re-elect Ms Francesca Barnes as a Director of
the Company.
(42,463,633 votes cast in favour, 10,931 against and 4,921
withheld).
IT WAS RESOLVED to re-elect Ms Elizabeth (Libby) Burne as a
Director of the Company.
(42,464,403 cast in favour, 10,161 against and 4,921
withheld).
IT WAS RESOLVED to re-elect Ms Carolina Espinal as a Director of
the Company.
(38,160,174 votes cast in favour, 4,312,769 against and 6,542
withheld).
IT WAS RESOLVED to re-elect Mr Edmond Warner as a Director of
the Company.
(42,441,919 votes cast in favour, 32,645 against and 4,921
withheld).
IT WAS RESOLVED to re-elect Mr Steven Wilderspin as a Director
of the Company.
(42,463,633 votes cast in favour, 10,931 against and 4,921
withheld).
IT WAS RESOLVED to re-appoint Ernst & Young LLP as the
independent Auditor of the Company.
(41,645,467 votes cast in favour, 826,979 against and 7,039
withheld).
IT WAS RESOLVED to authorise the Directors to agree the
Auditor's remuneration.
(41,860,468 votes cast in favour, 611,982 against and 7,035
withheld).
SPECIAL BUSINESS
IT WAS RESOLVED that, in replacement for all previous
authorities, the Company be authorised to make market purchases of
ordinary shares of no par value each in the capital of the Company
on the terms set out in the notice of the AGM.
(42,104,535 votes cast in favour, 410,057 against and 4,115
withheld).
For further information, please contact:
BNP Paribas S.A., Guernsey Branch
Company Secretary
+44 (0) 1481 750850
-S -
LEI: 213800NBWV6WWV8TOL46
Enquiries:
Shareholders
Richard Hickman Tel: +44 (0)20 7399 rhickman@harbourvest.com
9847
Charlotte Edgar Tel: +44 (0)20 7399 cedgar@harbourvest.com
9826
Media
HarbourVest Partners
Lily Cabianca Tel: +44 (0)20 7151 lcabianca@harbourvest.com
4261
MHP
Charlie Barker / Tel: +44 (0)20 3128 HVPE@mhpgroup.com
Robert Collett-Creedy 8540
Notes to Editors:
About HarbourVest Global Private Equity Limited:
HarbourVest Global Private Equity Limited ("HVPE" or the
"Company") is a Guernsey-incorporated, closed-end investment
company which is listed on the Main Market of the London Stock
Exchange and is a constituent of the FTSE 250 index. HVPE is
designed to offer shareholders long-term capital appreciation by
investing in a private equity portfolio diversified by geography,
stage of investment, vintage year, and industry. The Company
invests in and alongside HarbourVest-managed funds which focus on
primary fund commitments, secondary investments and direct
co-investments in operating companies. HVPE's investment manager is
HarbourVest Advisers L.P., an affiliate of HarbourVest Partners,
LLC, an independent, global private markets asset manager with 40
years of experience.
About HarbourVest Partners, LLC:
HarbourVest is an independent, global private markets firm with
40 years of experience and more than $106 billion of assets under
management as of December 31, 2022. Our interwoven platform
provides clients access to global primary funds, secondary
transactions, direct co-investments, real assets and
infrastructure, and private credit. Our strengths extend across
strategies, enabled by our team of more than 1,000 employees,
including more than 215 investment professionals across Asia,
Europe, and the Americas. Across our private markets platform, our
team has committed more than $55 billion to newly-formed funds,
completed over $46 billion in secondary purchases, and invested
over $33 billion in directly operating companies. We partner
strategically and plan our offerings innovatively to provide our
clients with access, insight, and global opportunities .
This announcement is for information purposes only and does not
constitute or form part of any offer to issue or sell, or the
solicitation of an offer to acquire, purchase or subscribe for, any
securities in any jurisdiction and should not be relied upon in
connection with any decision to subscribe for or acquire any
Shares. In particular, this announcement does not constitute or
form part of any offer to issue or sell, or the solicitation of an
offer to acquire, purchase or subscribe for, any securities in the
United States or to US Persons (as defined in Regulation S under
the US Securities Act of 1933, as amended ("US Persons")). Neither
this announcement nor any copy of it may be taken, released,
published or distributed, directly or indirectly to US Persons or
in or into the United States (including its territories and
possessions), Canada, Australia or Japan, or any jurisdiction where
such action would be unlawful. Accordingly, recipients represent
that they are able to receive this announcement without
contravention of any applicable legal or regulatory restrictions in
the jurisdiction in which they reside or conduct business. No
recipient may distribute, or make available, this announcement
(directly or indirectly) to any other person. Recipients of this
announcement should inform themselves about and observe any
applicable legal requirements in their jurisdictions.
The Shares have not been and will not be registered under the US
Securities Act of 1933, as amended (the "Securities Act") or with
any securities regulatory authority of any state or other
jurisdiction of the United States and, accordingly, may not be
offered, sold, resold, transferred, delivered or distributed,
directly or indirectly, within the United States or to US Persons.
In addition, the Company is not registered under the US Investment
Company Act of 1940, as amended (the "Investment Company Act") and
shareholders of the Company will not have the protections of that
act. There will be no public offer of the Shares in the United
States or to US Persons.
This announcement has been prepared by the Company and its
investment manager, HarbourVest Advisers L.P. (the "Investment
Manager"). No liability whatsoever (whether in negligence or
otherwise) arising directly or indirectly from the use of this
announcement is accepted and no representation, warranty or
undertaking, express or implied, is or will be made by the Company,
the Investment Manager or any of their respective directors,
officers, employees, advisers, representatives or other agents
("Agents") for any information or any of the opinions contained
herein or for any errors, omissions or misstatements. None of the
Investment Manager nor any of their respective Agents makes or has
been authorised to make any representation or warranties (express
or implied) in relation to the Company or as to the truth, accuracy
or completeness of this announcement, or any other written or oral
statement provided. In particular, no representation or warranty is
given as to the achievement or reasonableness of, and no reliance
should be placed on any projections, targets, estimates or
forecasts contained in this announcement and nothing in this
announcement is or should be relied on as a promise or
representation as to the future.
Epidemics, Pandemics and Other Health Risks - Many countries
have experienced infectious illnesses in recent decades, including
swine flu, avian influenza, SARS and 2019-nCoV (the "Coronavirus").
In December 2019, an initial outbreak of the Coronavirus was
reported in Hubei, China. Since then, a large and growing number of
cases have been confirmed around the world. The Coronavirus
outbreak has resulted in numerous deaths and the imposition of both
local and more widespread "work from home" and other quarantine
measures, border closures and other travel restrictions causing
social unrest and commercial disruption on a global scale. The
World Health Organization has declared the Coronavirus outbreak a
pandemic. The ongoing spread of the Coronavirus has had and will
continue to have a material adverse impact on local economies in
the affected jurisdictions and also on the global economy as
cross-border commercial activity and market sentiment are
increasingly impacted by the outbreak and government and other
measures seeking to contain its spread. In addition to these
developments having potentially adverse consequences for underlying
portfolio investments of the HarbourVest funds and the value of the
investments therein, the operations of HVPE, the Investment
Manager, and HVPE's portfolio of HarbourVest funds have been, and
could continue to be, adversely impacted, including through
quarantine measures and travel
restrictions imposed on personnel or service providers based
around the world, and any related health issues of such personnel
or service providers. Any of the foregoing events could materially
and adversely affect the Investment Manager's ability to source,
manage and divest its investments and its ability to fulfil its
investment objectives. Similar consequences could arise with
respect to other comparable infectious diseases.
Other than as required by applicable laws, the Company gives no
undertaking to update this announcement or any additional
information, or to correct any inaccuracies in it which may become
apparent and the distribution of this announcement. The information
contained in this announcement is given at the date of its
publication and is subject to updating, revision and amendment. The
contents of this announcement have not been approved by any
competent regulatory or supervisory authority.
This announcement includes statements that are, or may be deemed
to be, "forward looking statements". These forward looking
statements can be identified by the use of forward looking
terminology, including the terms "believes", "projects",
"estimates", "anticipates", "expects", "intends", "plans", "goal",
"target", "aim", "may", "will", "would", "could", "should" or
"continue" or, in each case, their negative or other variations or
comparable terminology. These forward looking statements include
all matters that are not historical facts and include statements
regarding the intentions, beliefs or current expectations of the
Company. By their nature, forward looking statements involve risks
and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future and may be
beyond the Company's ability to control or predict. Forward looking
statements are not guarantees of future performance. More detailed
information on the potential factors which could affect the
financial results of the Company is contained in the Company's
public filings and reports.
All investments are subject to risk. Past performance is no
guarantee of future returns. Prospective investors are advised to
seek expert legal, financial, tax and other professional advice
before making any investment decision. The value of investments may
fluctuate. Results achieved in the past are no guarantee of future
results.
This announcement is issued by the Company, whose registered
address is BNP Paribas House, St Julian's Avenue, St Peter Port,
Guernsey, GY1 1WA
(c) 2023 HarbourVest Global Private Equity Limited. All rights
reserved.
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END
RAGUKSUROWUBAAR
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