Electra share repurchase

Shareholders of the Electra Investment Trust are to receive details of its impending tender offer of up to £150m and revised investment strategy by the end of May. In announcing the timetable for its third tender offer to shareholders, the board of the trust has specified 3pm on 16 June as the last date of receipt for tender forms, with the result announced on 25 June. Settlement will take place on 29 June. Under the tender offer, shares will be acquired at the tender price, the NAV at 31 March, adjusted to the calculation date, 16 June 2001. Shareholders will be entitled to have a p...