Amedeo Air Four Plus Limited Company Update - Emirates (7795J)
April 15 2020 - 10:04AM
UK Regulatory
TIDMAA4
RNS Number : 7795J
Amedeo Air Four Plus Limited
15 April 2020
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
Company Update - Emirates
The Board of the Company announces that it was advised by its
Asset Manager, Amedeo Limited, that they had received written
confirmation that Emirates are seeking from the Company some form
of financial accommodation.
The Board has asked its Asset Manager to continue its
negotiation with Emirates and also with the Company's lending banks
which have financed the Group's acquisition of the relevant six
A380-800 aircraft and two Boeing 777-300ERs leased to Emirates;
with a view to reaching a conclusion acceptable to all parties.
While these discussions are in progress, and due to the numerous
parties involved coupled with the restraints caused by the Covid-19
crisis, the Board is of the view that they are unlikely to be
concluded speedily. However, the Board was pleased to note that
Emirates, in their message, had confirmed that "the lease rental
will remain current and up-to-date until an agreed contractual
position is achieved".
The Board will keep the Company's financial position under
review and will make a further announcement as and when there are
any material developments in connection therewith.
Robin Hallam
Chairman
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market (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 latest available information on the Company can be accessed
via the Company's website www.aa4plus.com
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 on market abuse
(MAR).
For further information, please contact:
Administrative Enquiries:
JTC Fund Solutions (Guernsey) Limited
Tel: +44 (0) 1481 702400
Shareholder Enquiries:
Nimrod Capital LLP
Richard Bolchover, Marc Gordon
Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
The person arranging release of this announcement on behalf of
the Company is Ashley Senner of JTC Fund Solutions (Guernsey)
Limited.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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