QPE 3I Quoted

    RNS Number : 4932Z
  3i Quoted Private Equity Limited
  21 July 2008
   
    3i Quoted Private Equity Limited

    21 July 2008



    Annual General Meeting

    At the Annual General Meeting of 3i Quoted Private Equity Limited ("3i QPEL" or "the Company"), held in Jersey at 11 am this morning,
David Tyler, Chairman of the Company, commented: "The Company's net asset value has risen since its IPO in June 2007, despite adverse market
conditions. This is because it has adopted a cautious stance to investment in the period and because its portfolio of assets is performing
well, both operationally and financially. We believe that these difficult market conditions are likely to increase the investment
opportunity because entry prices for future equity investments will be lower and alternative sources of capital for companies are
constrained."

    He added: "With funds available for investment, we are in a good position to take advantage of these potential opportunities and to
deliver our target 16% return across the cycle. Our investment of up to �65.5m in Salamander Energy plc, a company with exciting growth
prospects, which was announced last week, further demonstrates the Company's business model and investment strategy."

    -ends-

    For further information regarding the Annual General Meeting, please see www.3iqpe.com.


    For information, please contact:

 David Tyler, Chairman               +44 1534 711 445
 Silvia Santoro, investor enquiries  +44 20 7975 3258
 Jennifer Letki, press enquiries     +44 20 7975 3190


    Notes to editors

    3i Quoted Private Equity Limited ("3i QPEL") is a Jersey incorporated, public closed-end investment company. 3i QPEL was admitted to the
Official List and to trading on the London Stock Exchange on 29 June 2007. 3i Investments plc ("3i Investments"), which is regulated in the
UK by the Financial Services Authority, has been appointed by 3i QPEL to act as its investment adviser.  

    3i QPEL aims to deliver private equity value creation techniques to public companies, leveraging the international network of its
investment adviser to source attractive opportunities and execute its value creation plan. 3i QPEL will build a portfolio of influential
stakes (typically between 25% and 75%) in selected companies in the UK and continental Europe and across a broad spectrum of sectors to
attain the level of influence necessary to generate significant improvements in operating performance. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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