Knight Square Completion 14 Dec 18

RNS Number : 5700K

Electra Private Equity PLC

14 December 2018

 

FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

14 December 2018

Electra Private Equity PLC

("Electra" or the "Company")

Further to the announcement of 4 October 2018, Electra is pleased to announce that, following satisfaction of the condition to which the transaction was subject, it has completed the sale of its interest in Knight Square to funds advised by Lexington Partners L.P.

Electra has received proceeds from the sale of £21m.

As announced on 11 December 2018, a special dividend of £140 million is being paid today to shareholders on the register as at 16^th November. Further dividend announcements will follow in the first quarter of 2019.

The person responsible for arranging for the release of this announcement on behalf of Electra Private Equity PLC is Gavin Manson, Chief Financial Officer.

For further information, please contact:

Electra Private Equity PLC
Gavin Manson, Chief Financial Officer                                                      020 3874 8300
 

Greenhill
David Wyles / Brenlen Jinkens / Michael Lord                                           020 7198 7400

Brunswick Group
GillAckers                                                                                                   020 7404 5959

Further information

Greenhill & Co. International LLP ("Greenhill") is authorised and regulated by the FCA in the United Kingdom. Greenhill is acting exclusively as financial adviser for the Company and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Greenhill, or for providing advice in relation to the matters referred to in this announcement. Neither Greenhill nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Greenhill in connection with the matters referred to in this announcement.

A copy of this announcement is also available on Electra's website at www.electraequitycom.

 

END

 

 

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