Crystallising value for shareholders

At a General Meeting held on 30 October 2018, shareholders approved a change of the investment objective and policy to the following:

  • Electra’s investment objective is to follow a realisation strategy which aims to crystallise value for shareholders, through balancing the timing of returning cash to shareholders with maximisation of value. The Company will not make any new investments but will continue to support its existing investments.

  • To the extent required in order to optimise returns. The Company will retain sufficient cash to meet its obligations and to support its portfolio assets, with cash from realisations being invested in AAA rated money market funds pending utilisation or return to shareholders.

  • Should it be appropriate to utilise gearing in order to optimise the balance between timing of returning cash to shareholders and maximisation of value the Company will maintain gearing below 40% of its total assets.

Key investments

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TGI Fridays
UK franchise of an American themed restaurant chain providing a high energy, fun environment with a wide demographic appeal.
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Hotter Shoes
UK’s largest shoe manufacturer with a strong focus on comfort and service.
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Sentinel Performance Solutions
A leading UK manufacturer of products to improve the performance of residential heating and hot water systems.
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Special Product Company
A US based manufacturer of industrial cabinets, serving the telecom and cabling sectors.
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