Electra Private Equity has reported a share price total return of 25% for the year to the end of September, as the group tries to fend off a fresh attack from activist investor Edward Bramson.
The trust's results were brought forward by a month, ahead of a crucial shareholder meeting on 5 November where activist investor Edward Bramson will once again try to secure a place on the board, as his battle with the company intensifies. According to reports over the weekend, a team from New York-based Sherborne Investors, which Bramson heads, were in London last week trying to win over investors. It also wants to put Ian Brindle, former chairman of PwC, on the Electra board. It is the second time Sherborne has sought to achieve board representation, after it failed to win sharehol...
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