6 May 2014 16:31
Sherborne Investors (Guernsey) B Limited
6 May 2014
Sherborne Investors (Guernsey) B Limited
Interim Management Statement
This interim management statement has been produced in accordance with, and solely to comply with, the UK Listing Authority's Disclosure and Transparency Rule 4.3. It should not be relied upon by any person for any other purpose.
Sherborne Investors (Guernsey) B Limited (the "Company") is today updating the market on its financial position as at 31 March 2014 (the latest practicable date prior to the date of this statement to which management accounts for the Company have been drawn up) and other material events and transactions that have taken place since that date up to the date of this statement.
Selected Consolidated Financial Information at 31 March 2014 (unaudited)
Cash and cash equivalents £24,386,222
Cost basis of investments(1) £172,273,408
Fair value of investments(2) £175,283,967
Unaudited Net Asset Value £198,277,180
Shares outstanding 207,000,000
Unaudited Net Asset Value per share 95.79p
Subsequent Events
As at 30 April 2014, SIGB, LP beneficially held an economic interest in 6,738,435 ordinary shares, or approximately 19.1% of Electra Private Equity plc's ("Electra") outstanding shares, represented by a combination of ordinary shares and non-voting total return swaps.
Notes
(1) Represents the total net cash consideration, excluding commissions and fees.
(2) Represents 3,498,921 ordinary shares and 3,219,514 non-voting total return swaps of Electra at a price of 2609.00p per share.
-Ends-
Enquiries:
FTI Consulting +44 (0)20 7831 3113
Jonathon Brill
Numis Securities Limited (Broker) +44 (0)20 7260 1275
David Benda
Sherborne Investors (Guernsey) B Limited +44 (0)14 8171 3843
Talmai Morgan (Chairman)
John Ellman-Brown (Administrator)