Brief: Sherborne Sells Barclays stake

Sherborne Investors (Guernsey) C

07/05/2021 07:08

May 7 (Reuters) - Sherborne Investors (Guernsey) C Ltd
 SIGC.L :
    * SHERBORNE INV. C LD  - STATEMENT RE INVESTMENT UPDATE
    * FUNDS MANAGED BY IT HAVE DISPOSED OF THEIR ENTIRE 6.01%
SHAREHOLDING IN BARCLAYS PLC
    * SHERBORNE INVESTORS HAS INFORMED COMPANY THAT IT BELIEVES
THAT
RISK OF AND REWARDS FROM A NEW INVESTMENT OPPORTUNITY THAT IT
HAS IDENTIFIED OFFERS A BETTER RETURN TO COMPANY'S SHAREHOLDERS
THAN A CONTINUING INVESTMENT IN BARCLAYS
    * SHERBORNE INVESTORS HAS INITIATED INVESTMENT INTO
SECURITIES OF
NEW TARGET COMPANY

Source text for Eikon:  ID:nRSG8512Xa 
Further company coverage:  SIGC.L 

 (Reporting By Rachel Armstrong)
 ((Rachel.Armstrong@thomsonreuters.com;))