Holding(s) in Company
August 27 2010 - 1:00PM
UK Regulatory
TIDMSIAG TIDMFCAM
RNS Number : 8075R
Sherborne Investors (Guernsey) A
27 August 2010
Sherborne Investors (Guernsey) A Limited
27 August 2010
Announcement of Substantial Transaction
In accordance with Rule 12 of the AIM Rules, Sherborne Investors (Guernsey) A
Limited (the "Company") announces that SIGA, LP (together with the Company, the
"Group") has purchased a further 16,014,000 ordinary shares in F&C Asset
Management plc ("F&C") (LSE: FCAM) at a total cost of GBP10,179,137, including
commissions and expenses (the "Acquisition"). The Acquisition was funded by the
Group's existing cash resources.
The Group now holds 46,380,038 ordinary shares in F&C. In addition, the Group
has entered into cash-settled total return equity swaps, giving it an economic
exposure to a further 28,000,000 ordinary shares in F&C.
The shareholding in F&C was acquired within the price parameters approved by the
Board of the Company. The Group may continue to acquire shares in F&C, but if
it is unable to acquire a large enough shareholding at an acceptable price, the
Group may elect to dispose of its shareholding in F&C and invest in another
company. Further, pursuant to the Group's Investment Policy the Group intends
that its shareholding in F&C will not reach such a level as to require the Group
to make a bid for the entire company.
Enquiries:
+----------------------------------------------+--------------------+
| Financial Dynamics | +44 (0)20 7269 |
| | 7170 |
+----------------------------------------------+--------------------+
| Jonathon Brill/Billy Clegg | |
+----------------------------------------------+--------------------+
| | |
+----------------------------------------------+--------------------+
| Sherborne Investors (Guernsey) A Limited | +44 (0)14 8172 |
| | 1672 |
+----------------------------------------------+--------------------+
| Ian Brindle (Chairman) | |
+----------------------------------------------+--------------------+
| | |
+----------------------------------------------+--------------------+
| RBS Hoare Govett Limited (Nominated Adviser) | +44 (0)20 7678 |
| | 8000 |
+----------------------------------------------+--------------------+
| John MacGowan/Luke Simpson/Gary Gould | |
+----------------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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