| 15/06/2007 | Electra confirms the sale of Capital Safety Group for $565m |  |
| 14/06/2007 | Notification of Director's Shareholding | |
| 05/06/2007 | Announcement of Interim Results for six months ended 31 March 2007 | |
| 22/05/2007 | Major Interest in Shares - Prudential plc | |
| 03/05/2007 | Electra announces the sale of Capital Safety Group for $565m | |
| 30/04/2007 | Electra Private Equity wins Best Private Equity Trust of the Year Award | |
| 30/04/2007 | Electra acquires Nuaire | |
| 04/04/2007 | Major Interest in Shares – British Empire Securities and General Trust PLC | |
| 04/04/2007 | Major Interest in Shares – Legal & General Group Plc | |
| 04/04/2007 | Major Interest in Shares – Rensburg Sheppards Investment Management Limited | |
| 02/04/2007 | Portfolio Update | |
| 08/02/2007 | Annual General Meeting - Results | |
| 08/02/2007 | Annual General Meeting - Statement | |
| 23/01/2007 | Annual Information Update | |
| 19/01/2007 | Voting Rights and Capital | |
| 18/01/2007 | Major Interest in Shares – British Empire Securities and General Trust PLC | |
| 15/01/2007 | Transaction in Own Shares | |
| 11/01/2007 | Major Interest in Shares – Prudential Plc and certain of its subsidiary Companies | |
| 10/01/2007 | Annual Report and Accounts | |
| 08/01/2007 | Appointment of two non-executive Directors | |
| 03/01/2007 | Portfolio Update | |
| 21/12/2006 | Total Voting Rights | |
News
Announcement of Interim Results for six months ended 31 March 2007
5 June 2007- Continued growth in net asset value – up 17.2% over six months to 1,811p per share at 31 March 2007 – unaudited net asset value per share at 31 May 2007 of 1,822p
- Total return to shareholders of 18.3% for the six months
- Return on Equity of 15% annualised over five years to 31 March 2007
- Share price outperformance relative to the FTSE All-Share Index over short and medium term – up 16.9% over six months (up 160.8% over five years) versus Index which rose 7.6% over six months (rose 28.4% over five years)
- Investment portfolio valued at £568m at 31 March 2007, an increase of 65% over 12 months
- During the six months Electra made on-market purchases of its own shares for cancellation at an aggregate cost of £18 million
Commenting on the Interim Results, Sir Brian Williamson, Chairman, said:
"The six months have provided a sound start to Electra’s return to full investment of its capital resources. These results demonstrate Electra’s solid performance over both the short and medium term.”
Net Asset Value Per Share
| 31 March 2007 | 30 September 2006 | 31 May 2007 | |
| Net asset value per share | 1,811p | 1,545p | 1,822p |
| Increase since 30 September 2006 | 17.2% | ||
| Increase in FTSE All-Share Index since 30 September 2006 | 7.6% |
Return on Equity comprises Total “Profit on Ordinary Activities after Taxation” divided by opening “Total Equity Shareholders’ Funds” calculated on an annualised basis (as these terms are used in the Report and Accounts of Electra for the year ended 30 September 2006).
The unaudited net asset value per share at 31 May 2007 was calculated on the basis of the net asset value at 31 March 2007 adjusted to reflect the purchases and sales of investments, currency movements and bid values on that day in respect of listed investments. These adjustments exclude the investments in Moser Baer and Zensar which were treated as unlisted investments at 31 March and 31 May 2007.
The figures and financial information in respect of the year ended 30 September 2006 have been delivered to the Registrar of Companies and included the Auditors’ Report which was unqualified and did not contain a statement under either section 237(2) or section 237(3) of the Companies Act 1985.
A copy of the Chairman’s Statement, Investment Manager’s Review and the Interim Announcement are attached.
Announcement of Interim Results for six months ended 31 March 2007