Electra Private Equity PLC Partial realisation of Premier Asset Management (5986L)

TIDMELTA

RNS Number : 5986L

Electra Private Equity PLC

04 October 2016

PRESS RELEASE

4 October 2016

Electra Partners announces the partial realisation of Premier Asset Management

Electra Partners is pleased to announce that, following the successful initial public offering ("IPO") of its portfolio company Premier Asset Management Group PLC ("Premier"), it expects to partially realise Electra Private Equity PLC's ("Electra") investment in the business.

Based on the offer price, Electra's investment in Premier has a value of GBP46 million, an uplift of GBP13 million or 39% on the valuation of Electra's investment at 31 March 2016, implying an increase in NAV per share of 26p.

On admission, Electra is expected to receive cash proceeds of GBP36 million from the redemption of preference shares and sale of ordinary shares in Premier. In addition Electra will hold approximately 8% of the issued ordinary share capital of Premier with a valuation at the offer price of GBP10 million; these shares are subject to a six-month lock-up.

Electra Partners refers to Electra Partners LLP acting on behalf of its client Electra Private Equity PLC.

Ends

For further information please contact:

Andrew Honnor, Matthew Goodman, Matthieu Roussellier, Greenbrook Communications [phone]

Nicholas Board and Andrew Kenny, Electra Partners [phone]

Note to Editors:

About Electra Partners LLP

Electra Partners is an independent private equity fund manager with over 25 years' experience. During this time it has invested in excess of GBP4.7 billion in over 200 deals. As at 31 March 2016, the firm had funds under management of

GBP2 billion.

Electra Partners' flexible investment strategy allows it to invest broadly across the private equity market with a particular focus on Buyouts and Co-investments, Secondaries and Debt.

The firm's major client is Electra Private Equity PLC ("Electra"), a private equity investment trust which has been listed on the London Stock Exchange since 1976. Electra's long-term investment performance has been consistently superior to private equity and other benchmarks. Over the ten years to 31 March 2016, Electra has seen diluted NAV per share growth of 228%. This is more than seven times the NAV per share return of the Morningstar Private Equity Index (ex. Electra). It is also equivalent to a ten-year annualised return of 13%, in the upper part of Electra's target range of 10-15% over the long-term.

For further information please visit www.electrapartners.com.

Electra Partners LLP is authorised and regulated by the Financial Conduct Authority.

This information is provided by RNS

The company news service from the London Stock Exchange

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