Holding(s) in Company

 

TIDMSIAG 
 
RNS Number : 3811I 
Sherborne Investors (Guernsey) A 
10 March 2010 
 
 
 
TR-1:notification of major interests in shares 
 
 
+----------+----------+----------+----------+------------+----------+------------+----------------+--------------+--+ 
| 1. Identity of the issuer or the underlying            |           Sherborne Investors (Guernsey) A            | 
| issuer of existing shares to which voting              |                        Limited                        | 
| rights are attached:                                   |                                                       | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 2. Reason for the notification     (yes/no)                                    |                               | 
+--------------------------------------------------------------------------------+-------------------------------+ 
| An acquisition or disposal of voting rights                                    |              Yes              | 
+--------------------------------------------------------------------------------+-------------------------------+ 
| An acquisition or disposal of financial instruments which may                  |                               | 
| result in the acquisition of shares already issued to which                    |                               | 
| voting rights are attached                                                     |                               | 
+--------------------------------------------------------------------------------+-------------------------------+ 
| An event changing the breakdown of voting rights                               |                               | 
+--------------------------------------------------------------------------------+-------------------------------+ 
| Other (please specify):                                                        |                               | 
+--------------------------------------------------------------------------------+-------------------------------+ 
| 3. Full name of person(s) subject to the               | (i)  Sherborne Investors (Guernsey) GP,               | 
| notification obligation:                               | LLC;                                                  | 
|                                                        | (ii)  Sherborne Investors LP;                         | 
|                                                        | (iii)  Sherborne Investors GP, LLC;                   | 
|                                                        | (iv)  Craig McKibben; and                             | 
|                                                        | (v)  Edward Bramson.                                  | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 4. Full name of shareholder(s) (if different           |                          N/A                          | 
| from 3.):                                              |                                                       | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 5. Date of the transaction (and date on which          |                     4 March 2010                      | 
| the threshold is crossed or reached if                 |                                                       | 
| different):                                            |                                                       | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 6. Date on which issuer notified:                      |                     9 March 2010                      | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 7. Threshold(s) that is/are crossed or                 | (i)  Sherborne Investors (Guernsey) GP,               | 
| reached:                                               | LLC - 19%;                                            | 
|                                                        | (ii)  Sherborne Investors LP - 19%;                   | 
|                                                        | (iii)  Sherborne Investors GP, LLC -                  | 
|                                                        | 19%;                                                  | 
|                                                        | (iv)  Craig McKibben - 19%; and                       | 
|                                                        | (v)  Edward Bramson - 19%.                            | 
+--------------------------------------------------------+-------------------------------------------------------+ 
| 8. Notified details:                                   |                                        |              | 
+--------------------------------------------------------+----------------------------------------+--------------+ 
| A: Voting rights attached to shares                                                                               | 
+-------------------------------------------------------------------------------------------------------------------+ 
| Class/type of       | Situation           | Resulting situation after the triggering                              | 
| shares              | previous to the     | transaction                                                           | 
| If possible use     | triggering          |                                                                       | 
| ISIN CODE           | transaction         |                                                                       | 
+                     +---------------------+-----------------------------------------------------------------------+ 
|                     | Number   | Number   | Number     | Number of voting      | Percentage of voting rights      | 
|                     | of       | of       | of         | rights                |                                  | 
|                     | shares   | voting   | shares     |                       |                                  | 
|                     |          | rights   |            |                       |                                  | 
+                     +          +          +------------+-----------------------+----------------------------------+ 
|                     |          |          |            | Direct   | Indirect   | Direct         | Indirect        | 
+---------------------+----------+----------+------------+----------+------------+----------------+-----------------+ 
| A Ordinary shares   | 0        | 0        | 20,000,000 | N/A      | 20,000,000 | N/A            | 19.05%          | 
| ISIN: GG00B5M8LC56  |          |          |            |          |            |                |                 | 
+---------------------+----------+----------+------------+----------+------------+----------------+-----------------+ 
|          |          |          |          |            |          |            |                |              |  | 
+----------+----------+----------+----------+------------+----------+------------+----------------+--------------+--+ 
 
+-------------+------------+---------------+----------------+------------+ 
| B: Financial Instruments                                               | 
+------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                   | 
+------------------------------------------------------------------------+ 
| Type of     | Expiration | Exercise/     | Number of      | Percentage | 
| financial   | date       | conversion    | voting rights  | of voting  | 
| instrument  |            | period/ date  | that may be    | rights     | 
|             |            |               | acquired (if   |            | 
|             |            |               | the instrument |            | 
|             |            |               | is exercised/  |            | 
|             |            |               | converted)     |            | 
+-------------+------------+---------------+----------------+------------+ 
| N/A         | N/A        | N/A           | N/A            | N/A        | 
+-------------+------------+---------------+----------------+------------+ 
 
 
+--------------------------------+----------------------------------+ 
| Total (A+B)                                                       | 
+-------------------------------------------------------------------+ 
| Number of voting rights        | Percentage of voting rights      | 
+--------------------------------+----------------------------------+ 
|      20,000,000                | 19.05%                           | 
+--------------------------------+----------------------------------+ 
 
+-------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting      | 
| rights and/or the financial instruments are effectively held, if  | 
| applicable:                                                       | 
+-------------------------------------------------------------------+ 
| Edward Bramson is the managing member and Craig McKibben is a     | 
| member of Sherborne Investors GP, LLC. Sherborne Investors GP,    | 
| LLC is the general partner of Sherborne Investors LP, which is    | 
| the sole member of Sherborne Investors (Guernsey) GP, LLC.        | 
| Sherborne Investors (Guernsey) GP, LLC holds 20,000,000 A         | 
| ordinary shares (approximately 19.05%) in the issuer, such figure | 
| being a subject of this notification of major interest in shares. | 
+-------------------------------------------------------------------+ 
 
+----------------------------+--------------+-------------------------+ 
| Proxy Voting:                                                       | 
+---------------------------------------------------------------------+ 
| 10. Name of the proxy holder:             |          N/A            | 
+-------------------------------------------+-------------------------+ 
| 11. Number of voting rights proxy holder  |          N/A            | 
| will cease to hold:                       |                         | 
+-------------------------------------------+-------------------------+ 
| 12. Date on which proxy holder will cease |          N/A            | 
| to hold voting rights:                    |                         | 
+-------------------------------------------+-------------------------+ 
| 13. Additional             | N/A                                    | 
| information:               |                                        | 
+----------------------------+----------------------------------------+ 
| 14. Contact name:          | Craig McKibben                         | 
+----------------------------+----------------------------------------+ 
| 15. Contact telephone      | [phone]                      | 
| number:                    |                                        | 
+----------------------------+----------------------------------------+ 
|                            |              |                         | 
+----------------------------+--------------+-------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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