Announcement of Substantial Transaction

 

TIDMSIAG TIDMFCAM 
 
RNS Number : 1777R 
Sherborne Investors (Guernsey) A 
17 August 2010 
 

17 August 2010 
 
                    Sherborne Investors (Guernsey) A Limited 
 
                    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 26,556,198 ordinary shares in F&C Asset Management plc 
("F&C") (LSE: FCAM) at a total cost of GBP15,587,631, including commissions and 
expenses (the "Acquisition").  The Acquisition was funded by the Group's 
existing cash resources. 
 
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            |           [phone] | 
| Jonathon Brill/Billy Clegg    |                               | 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Sherborne Investors           |           [phone] | 
| (Guernsey) A Limited          |                               | 
| Ian Brindle (Chairman)        |                               | 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| RBS Hoare Govett Limited      |           [phone] | 
| (Nominated Adviser)           |                               | 
| John MacGowan/Luke            |                               | 
| Simpson/Gary Gould            |                               | 
|                               |                               | 
+-------------------------------+-------------------------------+ 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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