22 Sep 2014 16:49
22 September 2014
Sherborne Investors (Guernsey) B Limited
Sherborne Investors Management (Guernsey) LLC ("Sherborne Investors") as the investment manager of SIGB, LP has notified the board of Sherborne Investors (Guernsey) B Limited that it is making the following statement in response to the announcement from Electra Private Equity PLC made today:
"We note the announcement made by Electra Private Equity PLC ("Electra") today. We remain of our view set out in our Letter to Electra shareholders on 17 September 2014.
Sherborne Investors continues to urge shareholders to consider our proposals to make certain changes to the Board and initiate a strategic review cooperatively alongside the current Board and management. We remain confident that, following the strategic review, the strategy presented to shareholders by the Board will provide substantial opportunities for all shareholders in Electra to increase the value of their holdings and would ask shareholders to vote IN FAVOUR OF all the resolutions at the meeting of shareholders to be held on 6 October 2014.
Yours faithfully
Sherborne Investors"