Amedeo Air Four Plus Limited Acquisition of Asset (6540P)
February 19 2016 - 11:46AM
UK Regulatory
TIDMAA4
RNS Number : 6540P
Amedeo Air Four Plus Limited
19 February 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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, SOUTH AFRICA,
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, SOUTH
AFRICA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR
SOLICITATION IS UNLAWFUL.
AMEDEO AIR FOUR PLUS LIMITED
Acquisition of Asset
19 February 2016
As anticipated in the Company's Prospectus dated 3 December 2015
(the "Prospectus") Amedeo Air Four Plus Limited (the "Company"),
via its wholly-owned subsidiary AA4P Epsilon Limited ("AA4PE"), on
19 February 2016 purchased directly from Airbus one A380 aircraft
bearing manufacturer's serial number 206 (the "Aircraft") at a net
cost to the Company of US$275 million. In accordance with the
Investment Process outlined in the Prospectus, the Aircraft is the
Fifth Asset to be acquired by the Company.
Following acquisition of the Aircraft, AA4PE entered into
Aircraft Operating Lease arrangements with Emirates airline
("Emirates") pursuant to which the Aircraft has been leased to
Emirates for a term of 12 years, with fixed lease rentals for the
duration. Following this purchase, the Company therefore now owns
five A380s which have all been leased to Emirates.
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Market ("SFM") of the
London Stock Exchange plc. (LSE:AA4).
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, the Company will seek to use
the net proceeds of placings and/or other equity capital raisings,
together with debt facilities (or instruments), to acquire
widebody, or other, aircraft which will be leased to one or more
major 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.
It is anticipated that income distributions will be made to
Shareholders quarterly, subject to compliance with applicable laws
and regulations. In line with the Distribution Policy the Directors
of the Company declared interim dividends of 2.0625 pence per Share
in July 2015, October 2015 and January 2016. The Company targets a
distribution to investors of 2.0625 pence per Share per quarter
(amounting to a yearly distribution of 8.25 per cent. as pro rated
from the date of IPO Admission to 31 December 2015, based on the
IPO Issue Price of 100 pence per Share) at least until such time as
any aircraft other than the Initial Assets and the New Assets are
acquired.
Defined terms used in this announcement shall have the same
meaning as ascribed to them in the Company's Prospectus dated 3
December 2015.
For further information, please contact:
For administrative and company information:
JTC (Guernsey) Limited
+44 (0) 1481 702 400
For shareholder information:
Nimrod Capital LLP
Richard Bolchover
Marc Gordon
+44 (0) 20 7382 4565
END OF ANNOUNCEMENT
E&OE - in transmission
This information is provided by RNS
The company news service from the London Stock Exchange
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