Electra Private Equity PLC Press speculation re Hotter Shoes (2693F)

TIDMELTA

RNS Number : 2693F

Electra Private Equity PLC

13 November 2020

Electra Private Equity PLC

Press speculation re Hotter Shoes

13 November 2020

Further to recent press speculation, the Board of Electra Private Equity PLC (the "Company") confirms that consistent with the delivery of the Company's realisation strategy, Stifel Nicolaus Europe Limited has been engaged to conduct early preparation for the realisation of its investment in Hotter. The timing of the launch of any sales process will be determined over the coming months as trading patterns normalise in Hotter's new business model focussed on direct to consumer channels predominantly in the UK and US.

A further update will be provided as appropriate.

-ENDS-

For further information please visit www.electraequity.com or contact:

Gavin Manson

Chief Financial and Operating Officer

Electra Private Equity PLC

17 Old Park Lane

London W1K 1QT

Tel: [phone]

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(END) Dow Jones Newswires

November 13, 2020 05:33 ET (10:33 GMT)