News Column

ELECTRA PRIVATE EQUITY PLC - Statement re AIFMD

July 11, 2014



NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD") 11 July 2014 The Board of Electra Private Equity PLC (the "Company") is pleased to announce that the Company has entered into the arrangements necessary to ensure compliance with the AIFMD. Following a review of the Company's arrangements, the Board has approved the appointment of Electra Partners LLP ("Electra Partners") as the Company's alternative investment fund manager (the "AIFM") on the terms of a new Management and Investment Guideline Agreement between the Company and Electra Partners. Electra Partners was approved as an AIFM by the UK's Financial Conduct Authority on 11 July 2014. The arrangements in respect of the priority profit share and carried interest payable to Electra Partners have not been changed. The Board, together with Electra Partners, has appointed Ipes (UK) Limited (the "Depositary") to act as the Company's depositary (as required by the AIFMD) on the terms of a depositary agreement between the Company, Electra Partners and the Depositary. Frostrow Capital LLP will continue to act as company secretary to the Company. For further information please contact: Eleanor CranmerFrostrow Capital LLP Company Secretary



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Source: PR Newswire (UK Disclosure)


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