Electra Private Equity

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08/12/2005Preliminary Results for Year ended 30 September 2005
04/10/2005Electra announces the refinancing of Capital Safety Group Limited
03/10/2005Portfolio Update
22/08/2005Electra announces the sale of Bezier Holdings Limited
09/08/2005Transaction in own shares
04/07/2005Portfolio Update
30/06/2005Electra announces the refinancing of Allflex Holdings Inc
24/05/2005Announcement of Interim Results for six months ended 31 March 2005
12/05/2005Major Interest in Shares – Prudential Plc and certain of its subsidiary Companies
29/04/2005Major Interest in Shares – Prudential Plc and certain of its subsidiary Companies
14/04/2005Major Interest in Shares – Prudential Plc and certain of its subsidiary Companies
01/04/2005Portfolio Update
21/03/2005Major Interest in Shares – Prudential Plc and certain of its subsidiary Companies
15/03/2005Electra announces sale of interest in Energy Power Resources and FibroThetford
09/02/2005Electra Investment Trust AGM Statement
28/01/2005Major Interest in Shares - Deutsche Bank
26/01/2005Transaction in own Shares
05/01/2005Portfolio Update

News


Preliminary Results for Year ended 30 September 2005
8 December 2005

  • Net asset value + 31% over the year to 1,197p per share at 30 September 2005 (before reflecting proposed special dividend of 20p) (30 September 2004: 913p per share)
  • • Share price outperformance relative to FTSE All-Share Index (Electra + 40% versus Index + 21% over year to 30 September 2005)
  • Unlisted equity realisation proceeds for year of £272 million (total realisation proceeds over last two years of nearly £700 million)
  • Special dividend of 20p per share reflecting realisation proceeds received as distributable revenue
  • £152 million of unlisted equity investments and commitments to invest in year
  • Unaudited net asset value per share at 30 November 2005 of 1,198.67p (before reflecting proposed special dividend of 20p)

Commenting on the results, Sir Brian Williamson, Chairman of Electra Investment Trust, said:

“Electra has again achieved a strong net asset value growth, share price performance and substantial realisations of investments.

In the ten years to 30 September 2005, Electra achieved an 18% per annum compound rate of return on its investment portfolio, substantially in excess of the returns of the FTSE All-Share Index.

As the existing investment policy provides increasing funds for new investment, the Board believes that Electra is well positioned to continue to create shareholder value.”

Net Asset Value Per Share 30 September 2005 30 September 2004 30 November 2005 Net asset value per share before proposed special dividend of 20p 1,197.22p912.86p 1,198.67pIncrease since 30 September 2004 31.2% Increase since 31 March 2005 13.6% Net asset value per share after proposed special dividend of 20p 1,177.22p 1,178.67pIncrease since 30 September 2004 29.0% Increase in FTSE All-Share Index since 30 September 2004 20.9%

The unaudited net asset value per share at 30 November 2005 was calculated on the basis of the net asset value at 30 September 2005 adjusted to reflect the purchases and sales of investments, currency movements and mid market values on that day in respect of listed investments and unlisted investments where these are valued by reference to quoted prices.

A copy of the Chairman’s Statement, Investment Manager’s Review and the Preliminary Announcement are attached.


PDF  Preliminary Results for Year ended 30 September 2005