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Directors dealings: Activist investor Bramson tops up stake in Electra

Fri, 27th May 2016 14:18

(ShareCast News) - Electra boss Edward Bramson picked up another large slice of shares in the listed private equity outfit on the same day of his appointment as interim chief executive officer of the firm.Bramson and one of his associates, Ian Brindle, were named to Electra Private Equity´s board on 5 November 2015 following an activist campaign by the former through his vehicle Sherborne Investors.The activist investor had pushed for a review of Electra´s investment policy and of its relationship to Electra Partners, the separate investment outfit overseeing its £1.7bn of buyout investments.On 26 May, Sherborne Investors purchased 42,719 shares at an individual price of 3,794p each for a total amount of £1.62m, raising Bramson´s stake to 11.4m shares, which equated to 28.36% of Electra´s equity.That same day Electra announced that it had served Electra Partners with a notice of termination of the Management & Investment Guideline Agreement which had been in place.Top Director BuysElectra Private Equity (ELTA)Director name: Bramson,EdwardAmount purchased: 42,719 @ 3,794.00pValue: £1,620,758.80Restaurant Group (RTN)Director name: Clemett,GrahamAmount purchased: 14,218 @ 351.00pValue: £49,905.18Minds + Machines Group Limited (di) (MMX)Director name: Elliott,GuyAmount purchased: 300,000 @ 10.00pValue: £30,000.00Sirius Real Estate Ltd. (SRE)Director name: Marks,Alistair Amount purchased: 56,053 @ € 0.51Value: € 28,587.03Surgical Innovations Group (SUN)Director name: Hardy,PaulAmount purchased: 1,140,000 @ 1.75pValue: £19,950.00Surgical Innovations Group (SUN)Director name: Rogers,NigelAmount purchased: 1,140,000 @ 1.75pValue: £19,950.00Servicepower Technologies (SVR)Director name: Fitzwilliam-Lay,HughAmount purchased: 338,269 @ 2.60pValue: £8,794.99Top Director SellsCapital & Counties Properties (CAPC)Director name: Hawksworth,IanAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Capital & Counties Properties (CAPC)Director name: Yardley,GaryAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Capital & Counties Properties (CAPC)Director name: Das,SoumenAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Whitbread (WTB)Director name: Smalley,Louise Amount purchased: 6,788 @ 4,279.00pValue: £290,458.53Travis Perkins (TPK)Director name: Buffin ,Tony Amount purchased: 4,042 @ 1,801.11pValue: £72,800.93
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26 May 2016 14:30

FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b

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26 May 2016 11:05

LONDON MARKET MIDDAY: Stocks Higher But Pound Knocked By Weak UK GDP

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26 May 2016 10:36

EXTRA: In Charge, Bramson Serves Notice To Electra Investment Manager

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26 May 2016 09:03

Electra Private Equity names activist investor Bramson as interim CEO

* Interim findings of strategic review prompt changes * Seeks CFO, to appoint new non-executive directors * Serves notice on investment manager Electra Partners By Simon Jessop and Anjuli Davies LONDON, May 26 (Reuters) - Electra Private Equity on Thursday appointed activ

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26 May 2016 07:26

LONDON BRIEFING: Investor Bramson Named CEO Of Electra Private Equity

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26 May 2016 07:14

Electra Private Equity Bows To Bramson, Makes Him Interim CEO

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5 May 2016 15:14

Dividends Calendar - Week Ahead

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4 May 2016 16:00

LONDON MARKET CLOSE: Miners, Grocers Hit FTSE 100, ICE Drops LSE Bid

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4 May 2016 12:30

Electra Private Equity posts strong first-half returns

(ShareCast News) - Electra Private Equity looked to be sitting on solid foundations on Wednesday, as it claimed strong returns in its first half. The FTSE 250 company reported a net asset value per share of 4,405p - a total return of 15% in a period where the FTSE All-Share has returned 4%. Total n

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4 May 2016 11:07

LONDON MARKET MIDDAY: Miners And Grocers Depress FTSE 100

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4 May 2016 09:36

WINNERS & LOSERS SUMMARY: Deal For London Bus App Lifts Proxama 20%

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4 May 2016 07:52

UPDATE 1-UK's Electra makes total return of 15 percent, seeks directors

(Adds comments from chairman, detail) LONDON, May 4 (Reuters) - British private equity firm Electra said on Wednesday it made a total return of 15 percent in the six months ended March, helped by profit growth in its portfolio of companies. The Hotter Shoes owner said it would pay an

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4 May 2016 07:35

Electra Private Equity Boasts Strong Investment Performance In Half

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4 May 2016 06:15

UK's Electra sees total return of 15 percent

LONDON, May 4 (Reuters) - British private equity firm Electra said on Wednesday it made a total return of 15 percent in the six months ended March, helped by profit growth in its portfolio of companies. The Hotter Shoes owner said it would pay an interim dividend of 44 pence a share and it

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29 Apr 2016 10:06

CD&R swallows sausage casings maker Kalle

LONDON, April 29 (Reuters) - U.S. buyout house Clayton Dubilier & Rice (CD&R) has bought German sausage casings maker Kalle from Silverfleet Capital, the companies said on Friday. Terms of the deal were not disclosed, but two sources familiar with the process said the price was towards the

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