TIDMELTA

RNS Number : 5067Z

Electra Private Equity PLC

24 May 2021

Electra Private Equity PLC (the "Company")

Issuance of share capital

24 May 2021

In accordance with Listing Rule 9.6.4 and further to the announcement made on 21 May 2021 by the Company (as part of its announcement of its results for the Half Year ended 31 March 2021 (the "Company's Interim Results Announcement")) regarding the vesting of the Share of Value Plan (the "SoVP"), the Company announces that 690,566 new ordinary shares of 25 pence each in the capital of the Company have been issued to allow the vesting of awards under the SoVP. These new shares rank pari passu with the existing ordinary shares in issue.

The full net proceeds of GBP3.7 million of the awards under the SoVP are being reinvested through the subscription for new shares by Neil Johnson, Chairman of the Company (249,057 ordinary shares) and Gavin Manson, Chief Financial and Operating Officer (441,509 ordinary shares). Messrs Johnson and Manson have undertaken to retain their shares for not less than six months following the proposed capital market transactions for each of Fridays and Hotter which were referred to in the Company's Interim Results Announcement.

Application is being made to the FCA and London Stock Exchange for the admission of 690,566 new ordinary shares to the Official List and to trading on the main market of the London Stock Exchange. Admission of the new ordinary shares is expected on 27 May 2021.

As a result of the issue of new shares, the capital with voting rights of the Company now consists of 38,973,329 ordinary shares of 25 pence each. The Company has no shares in treasury. Therefore, the total number of voting rights in Electra Private Equity PLC is 38,973,329.

The above figure may be used by shareholders to determine the percentage of issued share capital they hold in the Company and if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

- ENDS -

Enquiries:

Gavin Manson, Chief Financial and Operating Officer: 020 3874 8300

Electra Private Equity PLC

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