All information below is extracted from Electra Private Equity PLC 's latest Annual Report

Substantial Interests

At 30th September 2018, the Company had received the following notifications of interests of 3% or more in the voting rights attached to the Company’s ordinary shares:

 

Entity name Voting Rights Notified *Percentage of Voting Rights
Direct No. Indirect No. Direct % Indirect %
Sherborne Investors Management (Guernsey) LLP and its associates - 11,446,086 - 29.90
Prudential PLC Group of Companies - 3,830,188 - 10.00
Fidelity International - 1,970,041 - 5.15
Witan Investment Trust plc 3,074,598 - 8.03 -

* Percentage shown as a percentage of 38,282,763 ordinary shares, being the number of shares in issue at 30 September 2018 and 10 December 2018.

 

No further notifications had been received by 10th December 2018, the latest practicable date before the publication of the Directors’ Report.

 

Financial calendar

Event Date
Annual General Meeting 27th February 2019
Half-Year Results announced May 2019

 

 

Dividends paid/declared since February 2015

 
Description Dividend Amount (pence per ordinary share) Ex. Dividend Date Record Date Payment Date
Interim Dividend 2015 38.0 04/06/15 05/06/15 24/07/15
Final Dividend 2015 78.0 21/01/16 22/01/16 26/02/16
Interim Dividend 2016 44.0 12/05/16 13/05/16 24/06/16
Second Interim Dividend 2016* 110.0 15/12/16 16/12/16 19/01/17
Special Dividend 2017* 2,612.0 06/04/17 07/04/17 05/05/17
Second Special Dividend 2017* 914.0 08/06/17 09/06/17 14/07/17
Third Special Dividend 2017* 914.0 02/11/17 03/11/17 01/12/17
Special Dividend 2018* 25.0 07/06/18 08/06/18 28/06/18
First Special Dividend FY19* 365.0 15/11/18 16/11/18 14/12/18
Second Special Dividend FY19* 54.0 14/03/19 15/03/19 12/04/19

* Please note that the Dividend Reinvestment Plan (“DRIP”) option did not apply to these dividends.

 

A Dividend Reinvestment Plan (the "Plan") has been arranged with Equiniti, the registrar, whereby existing shareholders have the option of reinvesting any dividend payments to buy more fully paid ordinary shares in the Company.

For further details on the Plan please call the Equiniti helpline on 0371 384 2351 (or +44 121 415 7047 if calling from outside the United Kingdom).
 

The Board intends to pay further dividends following all material disposals and annual dividends of £10m funded from cash flows from portfolio companies.

Prior to this, in February 2015, a distribution policy was announced whereby Electra proposes to return to shareholders a targeted 3% of NAV per annum, by way of cash dividend or share buybacks. Any shares bought back under this policy will be cancelled.

Since 1st October 2016 £2.0 billion has been returned to shareholders.
 

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