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ELTZ Electra Pref

154.50
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Electra Pref LSE:ELTZ London Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 154.50 0 01:00:00

Sale of SAV Credit (4802R)

04/11/2011 7:00am

UK Regulatory


Electra Pref (LSE:ELTZ)
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TIDMELTZ

RNS Number : 4802R

Electra Private Equity Invest PLC

04 November 2011

Electra Completes the Sale of SAV Credit

4 November 2011

Further to the announcement on 27 September, Electra Private Equity PLC ("Electra") is pleased to announce the completion of the sale of its interest in specialist credit card provider, SAV Credit ("SAV"), to Varde Partners.

Electra has received proceeds of GBP40.8 million which, based on the 31 March 2011 valuation of SAV, gives rise to an uplift in diluted NAV per share of 58p, and a return of 1.7x on cost.

Ends

This information is provided by RNS

The company news service from the London Stock Exchange

END

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