Sherborne Investors (Guernsey)B Ltd TR-1: Notification of Major Interest in Shares (6848N)

TIDMSIGB

RNS Number : 6848N

Sherborne Investors (Guernsey)B Ltd

28 October 2016

 
 TR-1: Notification of Major Interest in Shares 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                    Sherborne Investors (Guernsey) 
  the underlying issuer                                                     B Limited 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                    Yes 
--------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------  -----  ---------------------------------- 
 3. Full name of person(s)                                       Ruffer LLP (for its discretionary 
  subject to the                                                      clients of the Ruffer Group) 
  notification obligation: 
  (iii) 
---------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                                        26 October 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                           27 October 2016 
  notified: 
---------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are                                                    5% to less than 5% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------- 
 Class/type       Situation previous        Resulting situation after the 
  of               to the triggering         triggering transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  ------------------------  --------------------------------------------------------- 
                  Number       Number       Number       Number of                % of voting 
                   of           of           of shares    voting                   rights (x) 
                   Shares       Voting                    rights 
                                Rights 
---------------  -----------  -----------  -----------  -----------------------  ------------------- 
                                            Direct       Direct      Indirect     Direct    Indirect 
                                                          (xi)        (xii) 
---------------  -----------  -----------  -----------  ----------  -----------  --------  --------- 
                                                                     -            Less      - 
                                                                                   than 
                                                                                   5% 
   GG00B883XC99 
                                                                    -----------  --------  --------- 
                  16,567,332   16,567,332   9,600,000    9,600,000 
---------------  -----------  -----------  -----------  ----------  -----------  --------  --------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of          Expiration   Exercise/                 Number of voting         % of voting 
  financial        date         Conversion                rights that              rights 
  instrument       (xiii)       Period (xiv)              may be 
                                                          acquired if 
                                                          the 
                                                          instrument 
                                                          is 
                                                          exercised/ 
                                                          converted. 
---------------  -----------  ------------------------  -----------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration   Exercise/    Number of voting         % of voting 
  financial        price       date         Conversion    rights instrument        rights (xix, 
  instrument                   (xvii)       period        refers to                xx) 
                                            (xviii) 
---------------  -----------  -----------  -----------  -----------------------  ------------------- 
                                                                                  Nominal   Delta 
---------------  -----------  -----------  -----------  -----------------------  --------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------- 
 Number of voting rights                    Percentage of voting rights 
-----------------------------------------  --------------------------------------------------------- 
                                            Less than 5% 
   9,600,000 
-----------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------- 
 
   N/A 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                             N/A 
-------------------------------------------------------  ------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-------------------------------------------------------  ------------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
-------------------------------------------------------  ------------------------------------- 
 
                                                          Ruffer LLP now controls the 
  13. Additional information:                              voting rights over 9,600,000 
                                                           shares (less than 5% of the 
                                                           voting rights) of Sherborne 
                                                           Investors (Guernsey) B Limited, 
                                                           which are held by the discretionary 
                                                           clients of Ruffer LLP and 
                                                           its subsidiaries (the voting 
                                                           of which is all controlled 
                                                           by Ruffer LLP). 
                                                           This change from 5% to less 
                                                           than 5% is due to the sale 
                                                           of 6,967,332 shares on 26 
                                                           October 2016. 
-------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                              Louise Stanway 
-------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                                   020 7963 8146 
-------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 28, 2016 02:00 ET (06:00 GMT)