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Bramson targets fresh showdown with Electra

A year after suffering defeat in its first effort to secure two board seats at the London-listed investment trust, the activist investor is back

Bramson targets fresh showdown with Electra

Edward Bramson’s Sherborne Investors has put in a fresh demand for a general meeting at Electra Private Equity in a bid to secure two seats on the London-listed investment trust's board – nearly a year after failing in a similar attempt.

In the meeting, which will need to be held within the next 49 days, Sherborne will again seek shareholder support for Bramson and former PwC UK chairman Ian Brindle to join the board of the London-listed investment trust - a proposal that was rejected by 61.8% of shareholders votes last October, which saw a 81.1% turnout.

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