Announcement of the NAV of Proventus Capital Partners III
The information provided is such that Proventus Capital Partners III AB (publ) is obligated to disclose pursuant to the Securities Markets Act (SFS 2007:528) and/or the Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 9.00 a.m on 27 July 2018.
Since Proventus Capital Partners III decreased its contributed capital by SEK 1 306 million through a repayment to debentureholders and owners, the Net Asset Value of the Proventus Capital Partners III participation loan has been calculated. The Net Asset Value is to be calculated at the close of each quarter and in conjunction with a capital increase or decrease.
The repayment amounted to SEK 154,000 per series A participation loan debenture, SEK 3,850,000 per series B participation loan debenture and SEK 144 million to the owners.
At the close of business on 26 July 2018, the Net Asset Value of the Proventus Capital Partners III series A participation loan debentures amounted to SEK 677,493 each, and the Net Asset Value of the series B participation loan debentures amounted to SEK 17,103,670 each. The calculated of the Net Asset Value takes the above mentioned repayment and an updated valuation of the portfolio into account.
Daniel Sachs, CEO Proventus, phone: + 46 8 723 31 00
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management. Proventus AB, founded and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners. The Proventus Capital Partners III series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners III AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 50.