Activist investor Bramson ups stake in Electra Private Equity
Edward Bramson has increased his stake in Electra Private Equity through his Sherborne Investors vehicle, three months after finally getting onto the board.
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15:45 15/11/24
FTSE 250
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FTSE 350
4,453.56
15:45 15/11/24
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Bramson, who was elected to the board in November, purchased 2,850 shares for £98,439.
He has been slowly upping the stake his investment vehicle holds, now holding a 28.23% stake in the company.
In October, Bramson had criticised the trust for a lack of board independence, historical underperformance and ignoring his continued suggestions to increase value.
He was voted onto the board by 53% of shareholders after a number of failed attempts in previous months.
The move saw then-chairman Roger Yates resign from the board of Electra.
Top Director Buys
Electra Private Equity (ELTA)
Director name: Bramson,Edward
Amount purchased: 2,850 @ 3,454.00p
Value: £98,439.00
Ixico (IXI)
Director name: Richards,Andrew
Amount purchased: 45,899 @ 32.68p
Value: £14,999.79
Rps Group (RPS)
Director name: Williams,Phil
Amount purchased: 71 @ 179.00p
Value: £127.09
Rps Group (RPS)
Director name: Young,Gary
Amount purchased: 71 @ 179.00p
Value: £127.09
Rps Group (RPS)
Director name: Hearne,Alan
Amount purchased: 70 @ 179.00p
Value: £125.30
There were no director sells at the time of publication