2 Oct 2015 12:19
ELECTRA PRIVATE EQUITY PLC - Holding(s) in CompanyELECTRA PRIVATE EQUITY PLC - Holding(s) in Company
PR Newswire
London, October 2
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Electra Private Equity PLC | |||
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||||
| An acquisition or disposal of voting rights | ||||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
| An event changing the breakdown of voting rights | ||||
| Other (please specify): | Change in Issuer’s number of Total Voting Rights | X | ||
| 3. Full name of person(s) subject to the notification obligation: iii | (i) Sherborne Investors Management (Guernsey) LLC (ii) Sherborne Investors Management LP (iii) Sherborne Investors Management GP, LLC (iv) Edward Bramson | |||
| 4. Full name of shareholder(s) (if different from 3.):iv | SIGB, LP, acting by its general partner Sherborne Investors (Guernsey) GP, LLC, and Sherborne Investors (Guernsey) GP, LLC, each as a counterparty to the investment management agreement with Sherborne Investors Management (Guernsey) LLC | |||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 30 September 2015 | |||
| 6. Date on which issuer notified: | 1 October 2015 | |||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 31% (Total Voting Rights) | |||
| 8. Notified details: | ||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
| Ordinary Shares (ISIN Code: GB0003085445) | 10,496,378 | 10,496,378 | 10,724,981 | 29.75% | ||||||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
| 5% Convertible Bond GB00B5B0NW64 | 2,025p | 29/12/2017 | 423,061 | Nominal | Delta | |||||||||||
| 1.17% | ||||||||||||||||
| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
| 11,148,042 | 30.92% | |||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
| Edward Bramson is the managing member of Sherborne Investors Management GP, LLC. Edward Bramson, Stephen Welker and Craig McKibben are each members of an investment committee of Sherborne Investors Management GP, LLC which makes all decisions regarding the acquisition, holding, voting, or disposition of investment securities managed, directly or indirectly, by Sherborne Investors Management GP, LLC. Sherborne Investors Management GP, LLC is the general partner of Sherborne Investors Management LP. Sherborne Investors Management LP is the sole member of Sherborne Investors Management (Guernsey) LLC. Sherborne Investors Management (Guernsey) LLC is an investment manager which is entitled to exercise discretion over the voting rights in the issuer held by Sherborne Investors (Guernsey) GP, LLC as the general partner of SIGB, LP, which are the subject of this notification of major interest in shares. | ||
| Proxy Voting: | ||
| 10. Name of the proxy holder: | N/A | |
| 11. Number of voting rights proxy holder will cease to hold: | N/A | |
| 12. Date on which proxy holder will cease to hold voting rights: | N/A | |
| 13. Additional information: | Sherborne Investors Management LP is an investment adviser registered with the United States Securities and Exchange Commission under the U.S. Investment Advisers Act 1940. Sherborne Investors Management (Guernsey) LLC, as a wholly owned subsidiary of Sherborne Investors Management LP, is registered and regulated under the U.S. Investment Advisers Act 1940 as an investment adviser relying on the registration of its parent, Sherborne Investors Management LP. | |
| 14. Contact name: | Eleanor Cranmer Frostrow Capital LLP Company Secretary to Electra Private Equity PLC | |
| 15. Contact telephone number: | 020 3008 4613 | |