Holding(s) in Company

RNS Number : 4645F

Electra Private Equity PLC

20 February 2015

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Electra Private Equity PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments				X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		(i) Sherborne Investors Management (Guernsey) LLC (ii) Sherborne Investors Management LP (iii) Sherborne Investors Management GP, LLC (iv) Edward Bramson
4. Full name of shareholder(s)  (if different from 3.):iv		SIGB, LP, acting by its general partner Sherborne Investors (Guernsey) GP, LLC, and Sherborne Investors (Guernsey) GP, LLC, each as a counterparty to the investment management agreement with Sherborne Investors Management (Guernsey) LLC
5. Date of the transaction and date on which the threshold is crossed or reached: v		17 February 2015
6. Date on which issuer notified:		19 February 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		25%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares (ISIN Code: GB0003085445)

8,573,033

8,573,033

8,841,968

24.81%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

5% Convertible Bond GB00B5B0NW64

2,050 pence

29/12/2017

125,121

Nominal

Delta

0.35%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

8,967,089

25.16%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Edward Bramson is the managing member of Sherborne Investors Management GP, LLC. Edward Bramson, Stephen Welker and Craig McKibben are each members of an investment committee of Sherborne Investors Management GP, LLC which makes all decisions regarding the acquisition, holding, voting, or disposition of investment securities managed, directly or indirectly, by Sherborne Investors Management GP, LLC. Sherborne Investors Management GP, LLC is the general partner of Sherborne Investors Management LP. Sherborne Investors Management LP is the sole member of Sherborne Investors Management (Guernsey) LLC. Sherborne Investors Management (Guernsey) LLC is an investment manager which is entitled to exercise discretion over the voting rights in the issuer held by Sherborne Investors (Guernsey) GP, LLC as the general partner of SIGB, LP, which are the subject of this notification of major interest in shares.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Sherborne Investors Management LP is an investment adviser registered with the United States Securities and Exchange Commission under the U.S. Investment Advisers Act 1940. Sherborne Investors Management (Guernsey) LLC, as a wholly owned subsidiary of Sherborne Investors Management LP, is registered and regulated under the U.S. Investment Advisers Act 1940 as an investment adviser relying on the registration of its parent, Sherborne Investors Management LP.
14. Contact name:	Eleanor Cranmer Frostrow Capital LLP Company Secretary to Electra Private Equity PLC
15. Contact telephone number:	020 3008 4613

 

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