Results of General Meeting

RNS Number : 5459T

Electra Private Equity PLC

06 October 2014

 



Electra Private Equity PLC

Results of General Meeting

6 October 2014

The Board of Directors of the Company notes the result of the General Meeting at which the three resolutions proposed by Pershing Nominees Limited at the request of Sherborne Investors Management (Guernsey) LLC and its associates were not passed. The Board of Directors of Electra, as a wholly non-executive and independent board, will continue to seek to serve the best interests of all shareholders.

The Board of Directors of Electra has always welcomed an open dialogue with shareholders of the Company. As a result of discussions with shareholders over recent weeks, the Board of Directors is announcing that it will launch a review covering the fee arrangements with Electra Partners LLP as well as the capital structure and distribution policy of the Company. The Board of Directors of the Company recognises that these are topics of particular focus for all shareholders and that a review of them is appropriate at the present time. The review will be led by Roger Yates as Chairman of the Company. The Board of Directors of Electra will remain open to dialogue with shareholders during the course of the review. It will announce the conclusions of the review as soon as possible.

Enquiries

Goldman Sachs International [phone]

Anthony Gutman

Alex Garner

Ken Hayahara

J.P. Morgan Cazenove [phone]

Michael Wentworth-Stanley

William Simmonds

Greenbrook Communications [phone]

Andrew Honnor

Charlotte Balbirnie

Matthieu Roussellier

 

END

 

 

ROMBBBDGCUGBGSL