30th Jun 2005 12:53
Electra Investment Trust PLC30 June 2005 ELECTRA INVESTMENT TRUST PLC30th June 2005 FOR IMMEDIATE RELEASE Electra announces the refinancing of Allflex Holdings Inc. Electra Investment Trust PLC ("Electra") is pleased to announce the refinancingof Allflex Holdings Inc ("Allflex") in a transaction led by Royal Bank ofScotland plc. Allflex is the world's leading manufacturer and distributor of visual andelectronic animal identification tags with factories in several countries,including France, USA, Canada, Australia, New Zealand, Brazil and China. Itsmajor markets encompass Europe, North America, South America and Australasia.Its principal products are sold into the cattle and sheep sector. As a consequence of the refinancing, Electra will receive cash proceeds of$68.1m together with interests in the new company valued at $46.2m. At currentexchange rates, the transaction will give rise to an increase in Electra's netasset value since 31 March 2005 of £19.2m representing an uplift in net assetvalue per share of 43.2p. Electra and Allflex were advised by Goldman Sachs International For further information: Sir Brian Williamson, Chairman, Electra Investment Trust PLC 020 7214 4200 Hugh Mumford, Chief Executive, Electra Partners Limited 020 7214 4200 David Symondson, Director, 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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