Electra Private Equity PLC ("Electra") is an investment trust quoted on the London Stock Exchange. Electra has specialised in private equity for over 25 years achieving investment returns substantially in excess of the FTSE All-Share Index.
As at 31 March 2018 Electra had net assets of £425 million and a net asset value per share of 1,109p.
On 4 October 2018, the Board announced the outcome of the third phase of its strategic review. The Board announced that it considered that each of the remaining corporate investments represented an opportunity for value creation within an acceptable timeframe but had decided that the concentration of the portfolio and the structural inefficiency in reinvesting in a listed private equity vehicle with a significant market discount to NAV made it inappropriate to seek to do this within the existing investment objective and policy of the Company. The Board therefore concluded, and recommended, that it is in the best interests of shareholders to conduct a managed wind-down of the portfolio over a period of time, allowing optimisation of returns, the return of cash to shareholders, and ultimately the winding up of the Company.
Please visit the Investment strategy page for further details of Electra's investment strategy.
For further information on Electra's track record please visit the Investor relations page.