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Statement re acquisition of third aircraft

3 Oct 2012 11:30

RNS Number : 8239N
Doric Nimrod Air Two Limited
03 October 2012
 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

DORIC NIMROD AIR TWO LIMITED

Acquisition of the third aircraft

3 October 2012

 

Doric Nimrod Air Two Limited ("DNA2" or the "Company") is pleased to announce that its wholly owned subsidiary, MSN105 Limited (the "Subsidiary"), on 1 October 2012 purchased an Airbus A380-800 aircraft bearing manufacturer's serial number 105 (the "Aircraft") for the sum of US$234,000,000.

 

The Subsidiary also entered into an Aircraft Operating Lease with Emirates pursuant to which the Aircraft would be leased to Emirates.

 

In connection with the acquisition of the Aircraft, the Subsidiary entered into a Loan Agreement with a syndicate of lenders (which includes Bank of China (UK) Limited, ICBC and Commerzbank) relating to the provision of a facility for an amount up to US$147,000,000.

 

About the Company

The Company is a Guernsey domiciled company with shares admitted to trading on the Specialist Fund Market of the London Stock Exchange and on the Channel Islands Stock Exchange (LSE:DNA2/DN2C).

The Company's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft (the "Assets").

To pursue its investment objective, DNA2 will seek to use the net proceeds of placings and other equity capital raisings (including the C Share issue), together with debt facilities (or instruments), to initially acquire Airbus A380 aircraft which will be leased to Emirates Airlines.

The Company aims to provide Shareholders with an attractive total return comprising income, from distributions through the period of the Company's ownership of the Assets, and capital, upon the sale of the Assets.

 

For further information, please contact:

For administrative and company information:

Anson Fund Managers Limited

+44 (0) 1481 722260

 

 For shareholder information:

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

+44 (0) 20 3355 6855

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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