| What deals have you done in the year to 30 September 2012? |  | |
| Where will Electra be investing in 2013? | | |
| How will shareholder value be generated? | | |
| What is the underlying gearing within the portfolio? | | |
| What is the underlying gearing within Electra? | | |
| Does Electra have sufficient liquidity to meet its commitments to funds? | | |
| What credit facilities does Electra have? | | |
| What is the ranking of your various debt instruments? | | |
| How have currency movements affected you? | | |
| Electra has not paid a dividend since March 2008. Will Electra pay dividends in the future? | | |
| Does the Board of Electra still operate a share buyback policy? | | |
| What is Electra�s view of the private equity market for 2013? | | |
| Do you expect to be selling investments in 2013? | | |
| What is a Zero Dividend Preference Share (�ZDP�)? | | |
| Why did you issue ZDP shares? | | |
| What was the placing price of the ZDPs and what is the final capital entitlement? | | |
| What is a Convertible Bond? | | |
| Why did you raise money through Convertible Bonds in December 2010? | | |
| When is interest paid on the Convertible Bond? | | |
| What is Electra�s Corporate Social Responsibility Policy? | | |
| How will the AIFM Directive affect Electra? | | |
| How does the CRC Energy Efficiency Scheme (�CRC Scheme�) affect Electra? | | |
| How will the Retail Distribution Review (�RDR�) affect Electra? | | |
| What is FATCA and how does it affect Electra? | | |
| How can I buy/sell my shares in Electra? | | |
| I am a current/potential investor resident in either the United States, Australia, Canada, New Zealand or Japan � can you send me information or documentation regarding Electra? | | |
| I have changed my address � how do I notify the Registrar? | | |
FAQ
What is a Convertible Bond?
A convertible bond is a tradable debt that can be converted into a predetermined amount of the company's equity during its life.In the case of Electra, �100 million of Convertible Bonds were raised in December 2010. Each bond was priced at �1,000 per bond and generates 5% interest per annum.
Bondholders can convert their bonds into Electra shares at any time within the life of the bond (expires 2017) at an initial conversion price of 2,050p. The Convertible Bond is listed on the London Stock Exchange and can be traded like other listed securities.
Unlike the ZDPs, the Convertible Bondholders receive annual income through interest payments.
In the unlikely event of Electra winding up, the Bondholders would rank above the ordinary shareholders in terms of being entitled to the capital of Electra.