9th Feb 2006 12:00
Electra Investment Trust PLC09 February 2006 ELECTRA AGM STATEMENT The statement below will be made by the Chairman at the Annual General Meetingof Electra Investment Trust PLC to be held at 12 Noon today. In my statement accompanying the Report and Accounts for the year ended 30September 2005 I reported that Electra had again achieved a strong net assetvalue growth and share price performance and also substantial realisations ofinvestments. Since the year end good progress has continued with the sale of our investmentin Inchcape Shipping Services. This was a very satisfactory sale which resultedin an uplift in NAV of 148p per share. In my statement I also indicated that the Board expected, subject to marketconditions, that further returns of capital will be made from time to time,through on-market purchases. I am pleased to say that since the year end afurther 550,000 shares have been purchased for cancellation. We are continuing to see a strong flow of potential transactions although themarket remains very competitive. The Board is encouraged by the growing interest in private equity investment bya wider investor base and believes that Electra is well positioned to continueto create shareholder value. For further information: Sir Brian Williamson, Chairman, Electra Investment Trust PLC 020 7214 4200 Hugh Mumford, Chief Executive, Electra Partners Limited 020 7214 4200 Nick Miles, M: Communications 020 7153 1535 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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