Electra Private Equity has announced that it intends to exercise the mandatory conversion option in its 5 per cent. Subordinated Convertible Bonds due 2017. The exercise of such option will automatically and mandatorily convert all of the outstanding Bonds into new ordinary shares of Electra. Electra expects to deliver a notice to holders of the Bonds on or around 2 November 2015 to confirm the exercise of such option and the mandatory conversion of the Bonds is expected to occur on 29 December 2015.
ELTA : Electra to mandatorily convert its CULS