We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sherborne Inv A | LSE:SIAG | London | Ordinary Share | GG00BFH56B54 | A' ORD SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 400.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSIAG
RNS Number : 5904S
Sherborne Investors (Guernsey) A
23 November 2011
Sherborne Investors (Guernsey) A Limited
23 November 2011
Trading Statement
Net Asset Value
At 31 October 2011, the unaudited net asset value attributable to shareholders of Sherborne Investors (Guernsey) A Limited (the "Company") was GBP107,788,036, or 102.66 pence per share based on 105,000,000 shares outstanding. The Company's net asset value was based on the closing price of 73.55p at 31 October 2011 for the shares of F&C Asset Management plc ("F&C").
Selected Consolidated Financial Information at 31 October 2011
Cash and Cash Equivalents GBP31,515,413 Shareholding in F&C shares 105,620,760 Cost Basis of F&C Investment(1) GBP68,086,335 Cost Basis per Share of F&C Investment(1) 64.46p Cost Basis per Share of F&C Investment (post-dividends)(2) 60.82p F&C Closing Share Price at 31 October 2011 73.55p
Post-Closing Activities
Subsequent to 31 October 2011, the Company acquired 776,370 additional F&C shares and entered into total return swaps ("swaps") relating to 1,022,000 shares in F&C at a total cost of GBP1,275,450, including fees and commissions.(3) The Company's total investment in F&C through 18 November 2011 is 107,419,130 shares and swaps with a total cost basis of GBP69,353,914, or 64.56p per share.(1) The cost basis per share after adjusting for F&C's dividends is 60.98p.(2) F&C's shares closed at 67.45p on 18 November 2011.
On 28 October 2011, F&C paid a dividend of 1.0 pence per share to shareholders on the register at 7 October 2011. The Company received its portion of the dividend, totaling GBP1,052,834, on 4 November 2011 and therefore the dividend proceeds were not included in cash and cash equivalents at 31 October. The Company's Board declared a dividend of 0.9 pence per share to be paid on 19 December 2011 to shareholders of record at 18 November 2011.
Notes
(1) Represents the cost basis excluding fees and commissions and net of gross gains realised on contracts for difference settled in 2010. Figures are prior to adjusting for F&C's cumulative dividends declared through the reporting date.
(2) Represents the cost basis less cumulative dividends declared through the reporting date.
(3) The Company provides counterparties with cash collateral equal to the initial contract value of swaps, which is considered restricted cash until the swap is closed and settled.
Enquiries:
FTI Consulting +44 (0)20 7269 7157
Billy Clegg
Sherborne Investors (Guernsey) A Limited +44 (0)14 8172 1672
Ian Brindle (Chairman)
RBS Hoare Govett Limited (Nominated Adviser) +44 (0)20 7678 8000
Gary Gould / Graham Hertrich
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBIBDBSGDBGBD
1 Year Sherborne Investors Chart |
1 Month Sherborne Investors Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions