6 Oct 2014 13:55
Sherborne Investors (Guernsey) B Limited
6 October 2014
Sherborne Investors (Guernsey) B Limited
General Meeting of Electra Private Equity PLC
Sherborne Investors Management (Guernsey) LLC ("Sherborne Investors"), as the investment manager of SIGB, LP, has notified the Board of Sherborne Investors (Guernsey) B Limited ("SIGB") of the result of the General Meeting of Electra Private Equity PLC ("Electra" or the "Company") held today. Sherborne Investors has stated:
"Sherborne Investors notes today's announcement from Electra and the intention of the Board of Directors to launch a review covering the fee arrangements with Electra Partners LLP as well as the capital structure and distribution policy of the Company.
As a major shareholder representing funds with a 20 per cent shareholding in Electra, Sherborne Investors looks forward to hearing more from the Board of Electra about the resultant actions from this review."
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Enquiries:
FTI Consulting +44 (0)20 3727 1000
Jonathon Brill
Oliver Winters
Adam Cubbage
Numis Securities Limited (Broker) +44 (0)20 7260 1275
David Benda
Sherborne Investors (Guernsey) B Limited +44 (0)14 8171 3843
Talmai Morgan (Chairman)
Gillian Newton (Administrator)