Holding(s) in Company

RNS Number : 8061Q
Electra Private Equity PLC
22 June 2015
 

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

X

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):



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

17 June 2015

6. Date on which issuer notified:

22 June 2015

7. Threshold(s) that is/are crossed or
reached:
vi, vii

 

28% (Voting Rights Attached to Shares)



 

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)

9,899,599

9,899,599



10,059,464


28.06%



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

2,025 pence

29/12/2017


595,506

Nominal

Delta


1.66%


Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,654,970

29.73%

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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