Electra Private Equity, a ?1 billion business that floated on the stock market in 1976, told its shareholders yesterday that Roger Yates, its chairman, held a meeting with Mr Bramson last week. At the meeting, Mr Bramson, whose investment vehicle, Sherborne, holds a 19.3 per cent stake in Electra, demanded that he and two other unnamed directors be appointed to the board to carry out a strategic review.