Electra Private Equity PLC Holding(s) in Company (8885S)
December 28 2016 - 9:27AM
UK Regulatory
TIDMELTA
RNS Number : 8885S
Electra Private Equity PLC
28 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Electra Private Equity
the underlying issuer PLC
of existing shares to which
voting rights are
attached: (ii)
--------------------------------------------------------------- ----------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights
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Other (please Change in Issuer's number of Total
specify): Voting Rights
----------------------------------------------------------- ------------------------------------------
3. Full name of person(s)
subject to the (i) Sherborne Investors Management
notification obligation: (Guernsey) LLC
(iii) (ii) Sherborne Investors Management
LP
(iii) Sherborne Investors
Management GP, LLC
(iv) Edward Bramson
------------------------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) SIGB, LP, acting by its general
(if different from 3.):(iv) partner Sherborne Investors
(Guernsey) GP, LLC, and Sherborne
Investors (Guernsey) GP, LLC,
each as a counterparty to
the investment management
agreement with Sherborne Investors
Management (Guernsey) LLC
------------------------------------------------------------- ------------------------------------------
5. Date of the transaction 23 December 2016
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------------- ------------------------------------------
6. Date on which issuer 23 December 2016
notified:
------------------------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are
crossed or >29%
reached: (vi, vii)
------------------------------------------------------------- ------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
-------------- ---------------------------------- ------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
-------------- ---------------- ---------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
Ordinary
Shares
(ISIN Code:
GB0003085445) 11,360,013 11,360,013 11,426,086 29.85%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
------------------ -------------- -------------------------------- ------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- -------------- -------------- ---------------- ------------------------- -----------------------
Nominal Delta
---------------- -------------- -------------- ---------------- ------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------- ----------------------------------------------------------------
11,426,086 29.85%
---------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------------
Edward Bramson is the managing member of Sherborne Investors
Management GP, LLC. Edward Bramson and Stephen Welker
are each members of an investment committee of Sherborne
Investors Management GP, LLC which makes all decisions
regarding the acquisition, holding, voting, or disposition
of investment securities managed, directly or indirectly,
by Sherborne Investors Management GP, LLC.
Sherborne Investors Management GP, LLC is the general
partner of Sherborne Investors Management LP. Sherborne
Investors Management LP is the sole member of Sherborne
Investors Management (Guernsey) LLC.
Sherborne Investors Management (Guernsey) LLC is an
investment manager which is entitled to exercise discretion
over the voting rights in the issuer held by Sherborne
Investors (Guernsey) GP, LLC as the general partner
of SIGB, LP, which are the subject of this notification
of major interest in shares.
Proxy Voting:
-------------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
---------------------------------------------------------- -------------------------------------
11. Number of voting rights proxy N/A
holder will cease to hold:
---------------------------------------------------------- -------------------------------------
12. Date on which proxy holder will N/A
cease to hold voting rights:
---------------------------------------------------------- -------------------------------------
13. Additional information: Sherborne Investors Management
LP is an investment adviser
registered with the United
States Securities and Exchange
Commission under the U.S.
Investment Advisers Act 1940.
Sherborne Investors Management
(Guernsey) LLC, as a wholly
owned subsidiary of Sherborne
Investors Management LP,
is registered and regulated
under the U.S. Investment
Advisers Act 1940 as an investment
adviser relying on the registration
of its parent, Sherborne
Investors Management LP.
---------------------------------------------------------- -------------------------------------
14. Contact name: Eleanor Cranmer
Frostrow Capital LLP
Company Secretary to Electra
Private Equity PLC
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15. Contact telephone number: 020 3008 4613
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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