Holding(s) in Company

 

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                           | [phone]     | 
|                                              | 7170               | 
+----------------------------------------------+--------------------+ 
| Jonathon Brill/Billy Clegg                   |                    | 
+----------------------------------------------+--------------------+ 
|                                              |                    | 
+----------------------------------------------+--------------------+ 
| Sherborne Investors (Guernsey) A Limited     | [phone]     | 
|                                              | 1672               | 
+----------------------------------------------+--------------------+ 
| Ian Brindle (Chairman)                       |                    | 
+----------------------------------------------+--------------------+ 
|                                              |                    | 
+----------------------------------------------+--------------------+ 
| RBS Hoare Govett Limited (Nominated Adviser) | [phone]     | 
|                                              | 8000               | 
+----------------------------------------------+--------------------+ 
| John MacGowan/Luke Simpson/Gary Gould        |                    | 
+----------------------------------------------+--------------------+ 
 
 
This information is provided by RNS 
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