Sherborne Investors (Guernsey) A Notice of Distribution (7907N)

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                                    [phone] 
     Jonathon Brill 
      Latika Shah 
 
     Sherborne Investors (Guernsey) A Limited          [phone] 
     Ian Brindle (Chairman) 
      Jeff Nicolle (Administrator) 
 
     Jefferies Hoare Govett (Nominated Adviser)        [phone] 
     Gary Gould 
      Graham Hertrich 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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