Holding(s) in Company (1520D)

TIDMSIAG

RNS Number : 1520D

Sherborne Investors (Guernsey) A

17 March 2011

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                Sherborne Investors (Guernsey) 
  the underlying issuer                                 A 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                       Yes 
 rights 
-----------------------------------------  ------------------------------------ 
 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)                        (i) Sherborne Investors 
  subject to the                                  (Guernsey) GP, LLC (ii) 
  notification obligation:                        Sherborne Strategic Fund C, 
  (iii)                                           LLC (iii) Sherborne Investors 
                                                  LP (iv) Sherborne Investors 
                                                  GP, LLC 
------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s)         N/A 
  (if different from 3.):(iv) 
------------------------------------  ----------------------------------------- 
 5. Date of the transaction            16 March 2011 
  and date on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------  ----------------------------------------- 
 6. Date on which issuer               17 March 2011 
  notified: 
------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are                            (i) Sherborne Investors 
  crossed or                                            (Guernsey) GP, LLC - 0% 
  reached: (vi, vii)                                    (ii) Sherborne 
                                                        Strategic Fund C, LLC - 
                                                        19% 
------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------ 
 Class/type 
  of 
  shares 
  if possible 
  using          Situation previous 
  the ISIN        to the triggering        Resulting situation after the 
  CODE            transaction               triggering transaction 
--------------  ------------------------  ------------------------------------------------------ 
                              Number 
                 Number        of 
                  of           Voting      Number       Number of voting      % of voting 
                  Shares       Rights       of shares    rights                rights (x) 
--------------  -----------  -----------  -----------  --------------------  ------------------- 
                                                        Direct   Indirect 
                                           Direct       (xi)     (xii)        Direct    Indirect 
--------------  -----------  -----------  -----------  -------  -----------  --------  --------- 
 Ordinary 
  shares         20,000,000   20,000,000                         20,000,000             19.05% 
                -----------  -----------  -----------  -------  -----------  --------  --------- 
 ISIN: 
  GG00B5M8LC56 
--------------  -----------  -----------  -----------  -------  -----------  --------  --------- 
 
 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 
------------------------  ---------------------------- 
 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: 
  (xxi) 
--------------------------------------------------------------------------- 
 Sherborne Investors GP, LLC is the general partner of 
  Sherborne Investors LP. Sherborne Investors LP is the 
  sole member of Sherborne Investors (Guernsey) GP, LLC 
  and is the managing member of Sherborne Strategic Fund 
  C, LLC. Shares previously held by Sherborne Investors 
  (Guernsey) GP, LLC have been transferred to Sherborne 
  Strategic Fund C, LLC, which now 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 will cease 
  to hold:                                                N/A 
-------------------------------------------------------  ------------------ 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights:                                          N/A 
-------------------------------------------------------  ------------------ 
 
 13. Additional information:                              N/A 
-------------------------------------------------------  ------------------ 
 14. Contact name:                                        Craig McKibben 
-------------------------------------------------------  ------------------ 
 15. Contact telephone number:                            [phone] 
-------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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