(Alliance News) - Electra Private Equity PLC on Thursday said the challenge period following approval of the company voluntary arrangement of Hotter Shoes has now passed.
The approval was announced July 28, having been approved by creditors, and in the 30 days since there have been no challenges, with the CVA now confirmed.
Investment trust Electra, whose biggest investments lie in the retail and hospitality sectors, will thus proceed to make its GBP2 million investment in portfolio company Hotter Shoes, which was committed in support of the CVA process.
Shares in Electra were down 0.8% at 182.00 pence in London on Thursday morning.
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.