TIDMELTA
RNS Number : 1857V
Electra Private Equity PLC
09 December 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
Electra Private Equity PLC
Publication of Circular to Shareholders containing a Notice of
General Meeting
9 December 2021
Further to its announcement earlier today, Electra Private
Equity PLC ("Electra" or the "Company") announces that it has
published a shareholder circular (the "Circular"), having received
approval from the Financial Conduct Authority, which will be posted
to shareholders shortly.
The Circular relates to the proposed cancellation of the
Company's ordinary shares to the premium segment of the Official
List and to trading on the London Stock Exchange's main market for
listed securities ("Delisting") and proposed application for
admission to listing on the London Stock Exchange AIM market
("AIM") as Unbound Group PLC ("Admission") and related matters (the
"Proposals"). The Proposals include Electra's entry into a related
party transaction (within the meaning of Listing Rule 11.1.5R) (the
"Related Party Transaction") with Ian Watson who is currently the
Chief Executive Officer of Electra's Hotter business (and, as a
consequence, a statutory director of a subsidiary company of
Electra) and who will become an executive director of Unbound Group
PLC on Admission, summary details of which were included in the
Company's announcement earlier today and further details of which
are included in the Circular. Completion of the Related Party
Transaction will be conditional upon receiving shareholder approval
to the Proposals at the General Meeting.
The Circular contains a notice convening a General Meeting of
the Company at which approval will be sought from shareholders for
implementation of the Proposals. The General Meeting will be held
at 11.00am on 30 December 2021 at the offices of Hogan Lovells
International LLP at Atlantic House, 50 Holborn Viaduct, London,
EC1A 2FG.
Subject to the passing of the necessary shareholder resolutions
at the General Meeting, it is expected that the Delisting will
occur at 8.00am on 31 January 2022 at which time the Company's
ordinary shares are expected to be admitted to trading on AIM.
A copy of the Circular will shortly be made available on
Electra's website at www.electraequity.com . The Circular and
Notice of General Meeting will also be submitted to the National
Storage Mechanism to be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
ENQUIRIES
Electra Private Equity PLC
Gavin Manson, Chief Financial and Operating Officer
020 3874 8300
Vico Partners
John Sunnucks, Sofia Newitt
020 3957 5045
Financial Adviser and Sponsor to Electra Private Equity PLC
Stifel
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
FURTHER INFORMATION
This communication is being made for information purposes only
in connection with the Related Party Transaction, Delisting and
Admission and related matters, and does not purport to be full or
complete.
The distribution of this announcement in jurisdictions other
than the United Kingdom may be restricted by law and persons into
whose possession this document comes should inform themselves about
and observe any relevant restrictions. In particular, this document
may not be published or distributed, directly or indirectly, in or
into the United States of America, Canada, Australia, Japan or
South Africa.
The contents of this announcement have been prepared by and are
the sole responsibility of Electra.
This announcement does not constitute an offer or invitation to
sell or issue, or a solicitation of an offer or invitation to
purchase or subscribe for any securities in any jurisdiction nor
shall it (or any part of it) or the fact of its distribution, form
the basis of, or be relied on in connection with any contract
therefor. This announcement may not be relied upon for the purpose
of entering into any transaction and should not be construed as,
nor be relied on in connection with, any offer, invitation or
inducement to purchase or subscribe for, or otherwise acquire, hold
or dispose of any securities of Electra and shall not be regarded
as a recommendation in relation to any such transaction
whatsoever.
Stifel Nicolaus Europe Limited ("Stifel"), which is authorised
and regulated in the UK by the FCA, is acting as sponsor and
nominated adviser to Electra exclusively in connection with the
Related Party Transaction, the Delisting and Admission and for no
one else in connection with the Related Party Transaction, the
Delisting and Admission or any other matters described in this
announcement and will not regard any other person as a client in
connection with the Related Party Transaction, the Delisting and
Admission or any other matters described in this announcement or be
responsible to anyone other than Electra for providing the
protections afforded to clients of Stifel nor for providing advice
in connection with the Related Party Transaction, the Delisting and
Admission or any other matters referred to in this announcement.
Apart from the responsibilities and liabilities, if any, which may
be imposed on Stifel by the Financial Services and Markets Act 2000
or the regulatory regime established thereunder, neither Stifel nor
any of its affiliates, directors, officers or employees owes or
accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, consequential, whether in contract, in tort, in
delict, under statute or otherwise) to any person who is not a
client of Stifel for the contents of this announcement or its
accuracy, completeness or verification or for any other statement
made or purported to be made by it, or on its behalf, or by any
other person(s) in connection with the Related Party Transaction,
the Delisting and Admission, this announcement, any statement
contained herein, or otherwise.
Certain statements made in this announcement are forward-looking
statements and by their nature, all such forward-looking statements
involve risk and uncertainty. Forward-looking statements include
all matters that are not historical facts and often use words such
as "expects", "may", "will", "could", "should", "intends", "plans",
"predicts", "envisages" or "anticipates" or other words of similar
meaning. These forward-looking statements are based on current
beliefs and expectations based on information that is known to
Electra at the date of this announcement. Actual results of the
Electra Group (being Electra and its subsidiary undertakings from
time to time), and/or their respective industries may differ from
those expressed or implied in the forward-looking statements as a
result of any number of known and unknown risks, uncertainties and
other factors, including, but not limited to, the effects of the
COVID-19 pandemic and uncertainties about its impact and duration,
many of which are difficult to predict and are generally beyond the
control of Electra. Persons receiving this announcement should not
place undue reliance on any forward-looking statements. Unless
otherwise required by applicable law or regulation Electra and its
advisers (including Stifel) disclaims any obligation or undertaking
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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END
NOGTLBFTMTJMBMB
(END) Dow Jones Newswires
December 09, 2021 11:32 ET (16:32 GMT)
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