23 Dec 2016 15:29
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
23 December 2016
Electra Private Equity PLC
Notification of cancelled shares, Voting Rights
Electra Private Equity PLC (the "Company") announced the results of a Tender Offer on 22 December 2016.
Following completion of the Tender Offer on 22 December 2016, the Company has today repurchased from Morgan Stanley the Ordinary Shares acquired by it pursuant to the Tender Offer and has accordingly cancelled 1,987,768 Ordinary Shares. None of the Ordinary Shares purchased will be held in treasury.
The Company announces in accordance with DTR 5.5.1R that the percentage of voting rights attributable to the cancelled Ordinary Shares is 4.94%.
The Company announces in accordance with DTR 5.6.1AR that, as at today, the Company's issued share capital consists of 38,282,763 Ordinary Shares of £0.25 each. The total number of voting rights attaching to the Ordinary Shares is therefore 38,282,763.
The above figure (38,282,763) may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's Ordinary Shares under the FCA's Disclosure Guidance and Transparency Rules.
This notice is given in fulfilment of the obligations under Listing Rule 12.4.6, DTR 5.5.1R, DTR 5.6.1AR and DTR 5.6.1R.
Capitalised terms used in this announcement (unless otherwise defined) have the same meaning as ascribed to them in the Circular.
For further information, please contact:
HSBC Bank plcSimon AlexanderAlex ThomasThomas PinksTel +44 20 7991 8888
Morgan StanleyAndrew FosterSam McLennanRichard BrownTel: +44 20 7425 8000
Brunswick Group LLPGill Ackers/Kim FletcherElectra@brunswickgroup.comTel: +44 20 7404 5959
Gavin MansonChief Financial OfficerElectra Private Equity PLC
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe for any Ordinary Shares nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.
HSBC and Morgan Stanley, each of whom is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority, are acting for the Company and no one else in connection with the Tender Offer and the Rule 9 Waiver Resolution and HSBC and Morgan Stanley, their affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than the Company for providing the protections afforded to their clients nor for providing advice in connection with the Tender Offer, the Waiver or any other matters or arrangements referred to in this announcement.