REG - Sherborne Inv. C Ld - Statement re Investment in Navient Corporation

Sherborne Investors (Guernsey) CAnnouncement

20/12/2021 12:30

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RNS Number : 1073W  Sherborne Investors (Guernsey)C Ltd  20 December 2021

Sherborne Investors (Guernsey) C Limited

LEI 213800L8QL59OCFOCB40

This announcement contains inside information

20 December 2021

 

Sherborne Investors (Guernsey) C Limited

Investment in Navient Corporation

 

 

Sherborne Investors (Guernsey) C Limited (the "Company") has been informed by
Sherborne Investors Management LP ("Sherborne Investors") that a fund it
manages, Newbury Investors LLC, in which the Company is indirectly an
investor, has accumulated an interest of approximately 16% in Navient
Corporation (NASDAQ: NAVI).

 

The interest is currently comprised of 3% in outright shares and the balance
in fully funded cash settled total return swaps.

 

Sherborne Investors intends to provide a further update to investors in the
new year.

 

-Ends-

 

Enquiries:

 

In the United Kingdom:

Dentons Global
Advisors
+44 (0)20 7038 7419

Deborah Scott

Humza Vanderman

Leah Dudley

 

In the United States:

Abernathy
MacGregor
+1 (212) 371-5999

Tom Johnson

Jeremy Jacobs

Deirdre Walsh

 

The person responsible for making this announcement is Nick Robilliard of Apex
Fund and Corporate Services (Guernsey) Limited, Company Secretary.

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