Response to Sherborne's letter of 26 October 2015

RNS Number : 4814D

Electra Private Equity PLC

26 October 2015

 



Electra Private Equity PLC

26 October 2015

Response to Sherborne Investors (Guernsey) B Limited (Sherborne)'s letter published on 26 October 2015

The Board of Electra Private Equity PLC ("Electra" or "the Company") notes Sherborne's announcement this morning.

Today the Company released its annual, audited results to the market which show continuing strong performance. We regard Sherborne's letter as a misjudged attempt to distract attention from these results, which speak for themselves.

The Board also notes the highly unusual step of releasing Sherborne's version of private meetings which took place between the two sides.

The Board believes the substance of the argument remains unchanged: that Electra's performance is excellent, that no credible alternative case has been put, and that there is a risk of significant value destruction in Sherborne obtaining board representation.

Enquiries

J.P. Morgan Cazenove:               [phone]

Michael Wentworth-Stanley

William Simmonds

Greenbrook Communications:     [phone]

Andrew Honnor

Matthew Goodman

Matthieu Roussellier

 

END

 

 

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