Doric Nimrod Air One Limited Sale of Asset (6964S)
15 Luglio 2022 - 4:06PM
UK Regulatory
TIDMDNA
RNS Number : 6964S
Doric Nimrod Air One Limited
15 July 2022
15 July 2022
DORIC NIMROD AIR ONE LIMITED
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
SALE OF ASSET
Doric Nimrod Air One Limited ("the Company" or "the Lessor") is
a Guernsey investment company with its 42,450,000 ordinary
preference shares admitted to trading on the Specialist Fund
Segment (SFS) of the London Stock Exchange's Main Market. The
Company purchased one aircraft in December 2010, an Airbus A380-861
aircraft, manufacturer's serial number (MSN) 016 ("the Asset"),
which it leased for twelve years to Emirates ("Emirates" or "the
Lessee"), the national carrier owned by The Investment Corporation
of Dubai, based in Dubai, United Arab Emirates.
The Company and Emirates have now reached agreement that at the
lease end date ("Lease End Date"), currently expected to be 16(th)
December 2022, the Company will sell the Asset to Emirates. T he
sale proceeds to be paid by Emirates to the Company are GBP 25.30m
. The Directors intend to distribute the sale proceeds to
Shareholders, net of any liquidation and other costs and assuming
successful completion and no further or unexpected costs or events,
as soon as possible following the Lease End Date. It is currently
anticipated that the process for liquidation of the Company will
commence as soon as practicably possible thereafter, following
payment of monies to Shareholders.
Until the Lease End Date, the Company and the operating lease
will continue as contracted. The Directors therefore anticipate
that between now and the Company's liquidation (currently expected
to be early in the first calendar quarter of 2023), subject to
successful completion and no unexpected costs or events, to
distribute to Shareholders, both in the form of quarterly dividends
(including the dividend to be paid on or around 29(th) July 2022)
and a capital return, a total of approximately 66 pence per
share.
The Board wishes to thank both its advisors, Doric and Nimrod,
for their advice and assistance in achieving this settlement, and
the Company's Shareholders for their patience and constructive role
throughout the Company's life. The Board would also like to thank
the Lessee. Emirates is not only an excellent airline, providing a
professional and greatly valued service with its A380 fleet, but
has also
been an excellent tenant.
Further announcements regarding the return of monies to
Shareholders will be made nearer to the Lease End Date.
For further information, please contact:
For administrative and company information:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702400
For shareholder information:
Nimrod Capital LLP
Richard Bolchover and Marc Gordon
+44 (0) 20 7382 4565 or info@nimrodcapital.com
For media enquiries:
Lansons
Tony Langham +44 (0)7979 692287 or tonyl@lansons.com
David Masters +44 (0)7825 427514 or davidm@lansons.com
END OF ANNOUNCEMENT
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END
DISSFIFLIEESESW
(END) Dow Jones Newswires
July 15, 2022 10:06 ET (14:06 GMT)
Grafico Azioni Doric Nimrod Air One (LSE:DNA)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Doric Nimrod Air One (LSE:DNA)
Storico
Da Dic 2023 a Dic 2024
