Sept 17 (Reuters) - Activist investor Edward Bramson ofSherborne Investors plans to request an extraordinary generalmeeting at Electra Private Equity Plc in his secondattempt in less than a year to secure positions on the UKventure capital fund's board, Sky News reported on Thursday.
Shareholders in Electra voted in October of last year toreject Bramson's request to join the board. In the precedingmonth, the New York-based investor had pitched hisreorganisation strategy for Electra.
In a letter to the shareholders of one of London's oldestprivate equity funds, last September, Bramson said that areorganisation of the company could create more than 1 billionpounds ($1.56 billion) of shareholder value.
Bramson's proposal for two seats on Electra's board islikely to produce a closer outcome than last October's meeting,Sky said, citing sources. (http://bit.ly/1KTUx80)
Sherborne is Electra's largest investor with its stakegrowing to 29.3 percent from the 20 percent it had in October,last year, according to Thomson Reuters data.
The report quoted a source close to Electra as saying"nothing had happened to change the board's mind" since lastyear's campaign by Sherborne. A statement is expected to be madeto the London Stock Exchange as soon as Friday, Sky added.
Sherborne declined to comment. Electra could not be reachedfor comment outside regular UK business hours.
($1 = 0.6414 pounds) (Reporting by Ismail Shakil in Bengaluru; Editing by AndrewHay)