Fisher (James) & Sons plc Sale of Paladin for US$17.3m (7522D)

TIDMFSJ

RNS Number : 7522D

Fisher (James) & Sons plc

01 July 2021

1 July 2021

James Fisher and Sons plc

Sale of Paladin for US$17.3m

James Fisher and Sons plc ("James Fisher" or the "Group"), the leading marine services provider, announces the sale of Paladin, one of its two Dive Support Vessels, for US$17.3 million to Seamec Ltd.

This announcement is in line with the Group's newly stated capital allocation policy to reduce leverage, in the short term, through the sale of non-core assets.

Contacts

 
                     Eoghan O'Lionaird, Chief Executive 
                      Officer 
 James Fisher and     Duncan Kennedy, Chief Financial      01229 615 
  Sons plc            Officer                               400 
 FTI Consulting      Richard Mountain / Susanne Yule       020 3727 1000

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July 01, 2021 02:00 ET (06:00 GMT)

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