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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Unbound Group Plc | LSE:ELTA | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 63.80 | 60.60 | 63.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMELTA
RNS Number : 7292F
Electra Private Equity PLC
30 October 2018
FOR IMMEDIATE RELEASE
Electra Private Equity PLC
Results of General Meeting
30 October 2018
The Board of Electra Private Equity PLC (the "Company") is pleased to announce that, at the general meeting held today, the Company's shareholders voted to pass the ordinary resolution to adopt, with immediate effect, a new investment objective and investment policy as set out in Part 1 of the circular to shareholders of the Company dated 4 October 2018 in substitution for the Company's previous investment objective and policy.
The resolution was voted on by way of a poll and the result was as follows:
Result of poll
Proportion of the issued share capital of the Company represented Votes Votes by all votes Votes Resolution For %(1) Against %(1) Votes total (%)(1) Withheld(2) To adopt the new investment objective and investment policy 30,177,411 99.85 45,705 0.15 30,223,116 78.95% 715 ----------- ----- --------- ---- ----------- --------------- ------------- 1 Percentages are expressed as a proportion of the total votes cast.
2 A vote withheld is not a vote in law and is not counted towards the votes "For" or "Against" the Resolutions, nor in the calculation of the total votes cast.
The passing of this resolution means that new investment objective and policy of the Company from the date of this announcement shall be as follows:
"Electra's investment objective is to follow a realisation strategy which aims to crystallise value for shareholders, through balancing the timing of returning cash to shareholders with maximisation of value.
The Company will not make any new investments but will continue to support its existing investments to the extent required in order to optimise returns.
The Company will retain sufficient cash to meet its obligations and to support its portfolio assets, with cash from realisations being invested in AAA rated money market funds pending utilisation or return to shareholders.
Should it be appropriate to utilise gearing in order to optimise the balance between timing of returning cash to shareholders and maximisation of value the Company will maintain gearing below 40% of its total assets."
The results of the general meeting (including this information) will shortly be available on the Company's website at www.electraequity.com.
In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the Resolution will shortly be submitted to the National Storage Mechanism and will be available at www.morningstar.co.uk/uk/NSM.
Eleanor Cranmer
Frostrow Capital LLP
Company Secretary to Electra Private Equity PLC
020 3008 4613
For further information, please contact:
Electra Private Equity PLC
Gavin Manson, Chief Financial Officer 020 3874 8300
Greenhill
David Wyles / Brenlen Jinkens / Michael Lord 020 7198 7400
Brunswick Group
Gil Ackers / Kim Fletcher 020 7404 5959
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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October 30, 2018 07:29 ET (11:29 GMT)
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