Source - LSE Regulatory
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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