Warning to Shareholders – “Boiler Room” Scam

29 October 2015

As a result of the General Meeting taking place on 5 November, we have recently seen an increase in the number of ordinary shareholders receiving unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based 'brokers' who target UK shareholders in operations commonly known as 'boiler room' scams.

Some of the scams we are aware of that have targeted Electra shareholders are as follows:

•    the offer to buy Electra shares at an inflated price to the market value. There is a risk that the recipient might not receive the money after the shares have been transferred

•    the offer to buy Electra shares where a number of upfront payments are required first. Often if a victim makes the payment, the fraudster either invents a series of further fees for the victim, or simply disappears. This is known as “advanced fee fraud”

Please be very wary of any such calls or correspondence. Ask for the name and organisation of the person calling you and check if they can be found on the FCA Register. If they are not listed, please report it directly to the FCA using their consumer helpline (0800 111 6768) or at You may also wish to advise us by telephoning 020 7214 4200 or emailing [email protected].

The Company, or its advisers, will only ever contact you in relation to official documentation already circulated to shareholders and never in respect of investment 'advice'.

Please remember that if you use an unauthorised firm to buy or sell shares, you will not be eligible to receive payment under the Financial Services Compensation Scheme if things go wrong.

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