HarbourVest Global Private Equity reports 211,535 put rights available.
M2 EQUITYBITES-September 20, 2010-HarbourVest Global Private Equity reports 211,535 put rights available(C)2010 M2 COMMUNICATIONS http://www.m2.com
Investment company HarbourVest Global Private Equity Ltd (HVPE) declared on Monday that there were 211,535 put rights remaining to be issued as of 17 September 2010 pursuant to its market put right offer.
To date, 6,744,986 put rights have been issued to eligible investors, including put rights issued in connection with the companya[euro](tm)s secondary placing of existing shares in May 2010.
The company plans to offer put rights up to a total potential repurchase level of USD40m or 6,956,521 put rights.
The put rights allow investors to sell shares back to the company on 15 November 2011 at the lower of USD5.75 or the estimated economic NAV per share on 31 October 2011.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 20, 2010|
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