Trading Statement (9306W)

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RNS Number : 9306W

Sherborne Investors (Guernsey) A

29 November 2010

Sherborne Investors (Guernsey) A Limited

29 November 2010

Trading Statement

Net Asset Value

At 31 October 2010, the unaudited net asset value attributable to shareholders of Sherborne Investors (Guernsey) A Limited (the "Company") was GBP106,911,028, or 101.82 pence per share based on 105,000,000 shares outstanding. The Company's net asset value was based on the closing price of 67.00p at 29 October 2010 for the shares of F&C Asset Management plc ("F&C"). F&C's shares subsequently closed at 76.00p on 26 November 2010.

Dividend

On 22 October 2010, F&C paid a dividend of 1.0 pence per share to shareholders on the register at 1 October 2010, of which the Company was one. The Company's Board is, in turn, declaring a dividend of 0.7 pence per share to be paid on 30 December 2010 to shareholders of record at 10 December 2010.

Selected Consolidated Financial Information at 31 October 2010

Cash and Cash Equivalents(1) GBP48,736,745

Shareholding in F&C shares 51,092,267

CFDs relating to shares in F&C 35,768,746

Total Investment in F&C shares (shares + CFDs) 86,861,013

Cost Basis of F&C Investment(2) GBP53,965,737

Cost Basis per Share of F&C Investment(2) 62.13p

Cost Basis per Share of F&C Investment (post-dividend) 61.16p

F&C Closing Share Price at 29 October 2010 67.00p

Post-Closing Activities

Subsequent to 31 October 2010, the Company entered into a further 781 555 CFDs relating to shares in F&C at a total cost of GBP591,190, including fees and commissions. The Company's total investment in F&C is now 87,642,568 shares and CFDs with a total cost basis of GBP54,554,865, or 62.25p per share.(2) The cost basis per share after adjusting for F&C's dividend is now 61.29p. F&C's shares closed at 76.00p on 26 November 2010.

Notes

(1) The Company provides counterparties with cash collateral equal to the initial contract value of CFDs, the amount for which has been excluded from Cash and Cash Equivalents.

(2) Represents the cost basis of shares plus the initial contract value of CFDs, exclusive of fees and commissions. Figures are prior to adjusting for the receipt of F&C's dividend, the proceeds from which are included in Cash and Cash Equivalents.

Enquiries:

Financial Dynamics [phone]

Jonathon Brill / Billy Clegg

Sherborne Investors (Guernsey) A Limited [phone]

Ian Brindle (Chairman)

RBS Hoare Govett Limited (Nominated Adviser) [phone]

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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