Electra Investment Trust PLC (“Electra”) is pleased to announce the refinancing of Allflex Holdings Inc (“Allflex”) in a transaction led by Royal Bank of Scotland plc.

Allflex is the world’s leading manufacturer and distributor of visual and electronic animal identification tags with factories in several countries, including France, USA, Canada, Australia, New Zealand, Brazil and China. Its major markets encompass Europe, North America, South America and Australasia. Its principal products are sold into the cattle and sheep sector.

As a consequence of the refinancing, Electra will receive cash proceeds of $68.1m together with interests in the new company valued at $46.2m. At current exchange rates, the transaction will give rise to an increase in Electra’s net asset value since 31 March 2005 of £19.2m representing an uplift in net asset value per share of 43.2p. 

Electra and Allflex were advised by Goldman Sachs International

Press Enquiries

Greenbrook Communications

1 Vere Street,
London, W1G 0DF
www.greenbrookpr.com

View all media contacts

Epiris Contact

Nicholas Board

Investor Relations & Marketing Manager

t: +44 20 7214 4200

Email