Sherborne Investors (Guernsey)B Ltd Statement re Investment in Electra (4439C)
June 18 2021 - 9:48AM
UK Regulatory
TIDMSIGB
RNS Number : 4439C
Sherborne Investors (Guernsey)B Ltd
18 June 2021
Sherborne Investors (Guernsey) B Limited
LEI 213800LH92LRWKS6OM90
18 June 2021
Sherborne Investors (Guernsey) B Limited
Statement re: Investment in Electra
Sherborne Investors (Guernsey) B Limited (the "Company")
announces that it has received a distribution from SIGB, LP, in
which the Company is a limited partner, of shares in Electra
Private Equity plc ("Electra"), further to Electra's own
announcements regarding the realisation of its remaining
assets.
The Company intends to onward distribute approximately 8,250,575
Electra shares in-specie to its shareholders as soon as practicable
by way of a dividend (the "Dividend"). The Board expects to
announce in the near future the Dividend record and payment
dates.
In accordance with the Company's policy upon the disposition of
a "Turnaround Investment", following the Dividend the Company
intends to commence liquidation proceedings culminating in a final
distribution to shareholders of any residual assets, the delisting
of the Company's shares, and the dissolution of the Company. Any
final distribution to shareholders of residual assets is presently
expected to be de minimis.
The Company will update the market further as appropriate.
-Ends-
Enquiries:
FTI Consulting +44 (0)20 3727 1000
James Styles
Numis Securities Limited (Broker) +44 (0)20 7260 1000
David Benda
Nathan Brown
Sherborne Investors (Guernsey) B Limited +44 (0)14 8173 5827
Talmai Morgan (Chairman)
Nick Robilliard (Administrator)
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