Business | Business NewsElectra pays its first dividend but is on alert for Edward Bramson attack Raider: Activist investor Edward BramsonFILEJamie Dunkley21 May 2015Electra Private Equity has unveiled its first ever dividend but admitted it does not know whether rebel shareholder Ed Bramson is planning another boardroom coup.The company enjoyed a strong start to the year with its net asset value rising 12% to 3548p in the six months ending March 31.During the period, new investments included TGI Friday’s, while existing ones like The Original Bowling Company have risen in value.Despite this, the spectre of Bramson looms over the company.The corporate raider failed to overhaul Electra last year when 60% of investors rejected his three proposals, including one to appoint him on its board.He has since continued to build his stake in the company to 29% even though Electra has agreed to cut its fees and hand money back to shareholders.Read MoreActivist investor Edward Bramson ready for new showdown with ElectraElectra promises dividends and fee cut after boardroom clash with activist BramsonElectra chief slams raider Bramson’s ‘exuberant’ claims“I met with him in mid-April,” Electra’s chairman Roger Yates said, “but I don’t know what he’s planning to do. We can’t control his plans.”“We find it difficult to see how Mr Bramson could launch a credible attack on a management team,” analysts at JPMorgan said.Electra is planning to pay a 38p maiden dividend.
