Sherborne Investors (Guernsey) A Notice of Distribution (7907N)
September 11 2013 - 1:28PM
UK Regulatory
TIDMSIAG
RNS Number : 7907N
Sherborne Investors (Guernsey) A
11 September 2013
Sherborne Investors (Guernsey) A Limited
11 September 2013
Notice of Distribution
Sherborne Investors (Guernsey) A Limited (the "Company")
announces that it has received notice from Sherborne Investors
(Guernsey) GP, LLC (the "Managing Partner") that SIGA, LP, in which
the Company is a 99.98% limited partner, has transferred beneficial
ownership to the Company of an additional 6,272,662 shares of
F&C Asset Management plc ("F&C") (the "Distribution").
As noted previously, the Company intends to make a second
partial mandatory redemption by distributing its remaining assets,
less any incentive amounts payable and less a reserve of GBP1
million for expenses of liquidation, during early October 2013.
The Company will be issuing a circular to shareholders in due
course outlining plans for the final redemption and liquidation of
the Company and to seek approval for the cancellation of the
Company's admission to trading on AIM. It is anticipated that,
subject to shareholder approval, the final redemption and
cancellation from trading on AIM will occur once accounts have been
settled and the final audit completed, currently anticipated around
year-end 2013.
An unaudited summary of the Company's consolidated assets, net
of reserves for incentive payments and expenses of liquidation,
following the Distribution is as follows:
Asset Amount
--------------------------- -------------------
Cash GBP3.8 million
--------------------------- -------------------
F&C Shares 13,373,754
--------------------------- -------------------
Shares Outstanding(1) 7,903,236
--------------------------- -------------------
(1) Giving effect to the consolidation of SIGA, LP's holding of
631,129 shares in the Company.
-Ends-
Enquiries:
FTI Consulting +44 (0)20 7269 7170
Jonathon Brill
Latika Shah
Sherborne Investors (Guernsey) A Limited +44 (0)1481 721 672
Ian Brindle (Chairman)
Jeff Nicolle (Administrator)
Jefferies Hoare Govett (Nominated Adviser) +44 (0)20 7029 8000
Gary Gould
Graham Hertrich
This information is provided by RNS
The company news service from the London Stock Exchange
END
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