JPEL Private Equity Limited

Share Issue/Capital Change • Dec 29, 2025

National Storage Mechanism | Additional information

RNS Number : 0301N

JPEL Private Equity Limited

29 December 2025

JPEL Private Equity Limited

60, Fourth Floor

Plaza House

Admiral Park

St Peter Port, Guernsey, GY1 4BF

www.jpelonline.com

THIRTEENTH MANDATORY REDEMPTION & SHAREHOLDER UPDATE

·      JPEL WILL RETURN $6 MILLION TO SHAREHOLDERS

·      REDEMPTION DATE 13 JANUARY 2026

·      REDEMPTION REPRESENTS 21% OF US$ EQUITY SHAREHOLDER NET ASSET VALUE AT 30 SEPTEMBER 2025

·      REDEMPTION REPRESENTS APPROXIMATELY 24% OF JPEL's MARKET CAPITALIZATION AT 23 DeCEMBER 2025

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GUERNSEY, 29 DECEMBER 2025

The Company is pleased to announce its thirteenth Mandatory Redemption to US$ Equity Shareholders.  The amount of the redemption will be $6 million or 21% of NAV at 30 September 2025 (approximately 24% of JPEL's market capitalization at 23 December 2025).

The $6 million capital return (the equivalent of approximately 4.5 million US$ Equity Shares) will be by way of a pro rata compulsory redemption of US$ Equity Shares at a price equal to the prevailing NAV per US$ Equity Share of $1.32 as at 30 September 2025 (being the most recent NAV per US$ Equity Share available as of the date of this announcement) for US$ Equity Shareholders on the register of members as at close of business on 13 January 2026 (the "Record Date").  Unless circumstances require otherwise, this NAV will form the NAV per US$ Equity Share as of the date of redemption.

Payments of redemption proceeds are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 27 January 2026. Any share certificates for the balance of holdings of shares will also be despatched to shareholders on or around 27 January 2026.

The Company currently has 21,648,389 US$ Equity Shares in issue.  All of the US$ Equity Shares redeemed on the redemption date will be cancelled and any fractions of shares will be rounded down to the nearest whole share.

The US$ Equity Shares will be disabled in CREST on the Record Date and the existing ISIN number GG00BS82YQ75 (the "Old ISIN") will expire.  A new ISIN number GG00BVPBWF31 (the "New ISIN") in respect of the remaining US$ Equity Shares which have not been redeemed will be enabled and available for transactions on 14 January 2026 (the "Ex-date").  For the period up to and including the Record date, US$ Equity Shares will be traded under the Old ISIN and as such, a purchaser of such shares may have a market claim for the redemption proceeds following the activation of the New ISIN. CREST will automatically transfer any open transactions as at the redemption date to the New ISIN.

Inclusive of this Mandatory Redemption, JPEL will have returned $537.6 million to US$ Equity Shareholders, or approximately 112% and 141% of the Company's 31 October 2016 NAV and market capitalization.  Please note that the prevailing NAV at the time of the Company's first mandatory redemption was 31 October 2016.  

BOARD SUCCESSSION

As previously announced on 2 December 2025, a process is underway to refresh Board configuration. In order to ensure an orderly Board succession plan, this process is anticipated to be completed within six months. The Board remains mindful of its fiduciary duties to all shareholders including its commitment to focus on minimising costs appropriately.

As a first stage of this orderly transition, Sean Hurst resigned as a director of the Company on 2 December 2025. Tony Dalwood was appointed Chair to oversee the succession plan. Trina Le Noury remains Chair of the Audit committee.

The appointment of additional Non-Executive Directors is progressed and, subject to completion of the relevant regulatory approvals, at least one new Director will join the Board shortly. A further update will be provided in due course.

DIRECTOR'S INTERESTS

As of 29 December 2025, Tony Dalwood owned 8,185 US$ Equity Shares. As a result of the Mandatory Redemption described above, Tony Dalwood is expected, immediately following the redemption date, to hold approximately 6,467 US$ Equity Shares.

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LEI Number:  5493005M6GBE3DNJZ894

About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market.  The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.  

ENQUIRIES:

FCF JPEL Management LLC

[email protected]

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