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Annual Results

Electra beats indices

09 December 2016 09:58

Electra Private Equity's net asset value per share rose by 35% in the year to the end of September compared with 28% in the Morningstar PE Index.

The company's share price rose by 36% for the year on a total return basis compared with 17% for the FTSE All-Share Index.

Chairman Neil Johnson said: "Over the last six months, we have reviewed and reconstituted the Board, set in train the development of a strong executive team and completed the first phase of our strategic review. These initiatives are designed to optimise shareholder value and give me confidence that we are building a business with a strategy and structure that is attractive to shareholders. "We are eager to embark on the second stage of our review, though the timing of that is currently constrained by the terms of the outsourced management contract and will be after June 2017, unless we are able to negotiate earlier access to the portfolio companies with Epiris, which currently seems unlikely."

At 9:58am: (LON:ELTA) Electra Private Equity Plc share price was +52.5p at 4650.5p

Story provided by StockMarketWire.com

Related Company: ELTA

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