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IN BRIEF: Electra Private Equity sets listing as Unbound for January

Thu, 09th Dec 2021 10:49

Electra Private Equity PLC - London-based private equity investment trust - Calls general meeting of shareholders for December 30 to approve its plan to delist from the London Main Market as Electra Private Equity and relist on AIM as Unbound Group PLC. Assuming approval, it expects this to happen on January 31. Unbound will initially consist of Electra's remaining portfolio firm Hotter Shoes, and Hotter Shoes Chief Executive Officer Ian Watson will become CEO of Unbound. Beyond Hotter Shoes, Unbound hopes to develop a range of brands aimed at the 55+ demographic. Early last month, Electra demerged the owner of the TGI Fridays restaurant chain, which started trading on the London Main Market as Hostmore PLC.

Current Electra stock price: 67.00 pence, up 3.1% on Thursday

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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9 Oct 2015 14:15

REFILE-Apax-advised funds buy 23 pct of Zensar from Electra

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9 Oct 2015 11:11

Electra Gets Large Return On Sale Of Stake In Indian IT Firm Zensar

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8 Oct 2015 06:49

Electra Private Equity Defends Itself Against Bramson's Sherborne

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Electra calls on investors to reject Bramson bid to join board

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Electra Private's subsidiary completes MIMS sale

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