31st Mar 2014 15:15
LONDON (Alliance News) - Sherborne Investors (Guernsey) B Ltd Monday said it made GBP47.5 million comprehensive annual income, driven by realised and unrealised gains in its investments.
The company, which transferred to the specialist fund market from AIM in May 2013 after its GBP207.0 million November 2012 initial public offering, said GBP37.6 million of its income is attributable to shareholders, with GBP9.9 million a non-controlling interest.
Its unrealised gain on investments held at fair value was GBP19.1 million, while the realised gain on investments and derivative contracts was GBP27.5 million.
During the reporting period, Sherborne took a stake in Electra Private Equity PLC. On March 21, Sherborne had an 18.83% stake in Electra.
It also sold its positions in 3i Group PLC.
The company's investment objective, through its investment in the Investment Partnership, is to realise capital growth from investment in a target company identified by the investment manager with the aim of generating a significant capital return for shareholders.
The company's shares were Monday untraded at 100.5 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
ELTA.L3i GroupSIGB.L