Carisbrooke Shipping - Re Dutch Investment Fund, etc
January 08 1999 - 12:49PM
UK Regulatory
RNS No 9285t
CARISBROOKE SHIPPING PLC
8th January 1999
Carisbrooke Shipping PLC
("Carisbrooke" or the "Group")
DUTCH INVESTMENT FUND
NEW SHIP ORDER
Carisbrooke Shipping today announces the successful completion of the Dutch
investment fund, Carisbrooke Shipping CV4, the launch of which was
foreshadowed in the Group's announcement of 21 October 1988. The fund
completed as planned in December and was significantly over-subscribed. As a
result, the Group's equity stake in the fund is 8.3% which represents an
investment of NLG 540,000 (approximately #175,000 at an exchange rate of NLG
3.1: #1.00).
As previously released, the fund will be acquiring a 5,000 tonne deadweight
ship which is being built by Damen Shipyards Group in the Netherlands. The
ship will be managed by Carisbrooke.
Copies of this announcement will be made available for at least the next 14
days from the Company's offices at 10 Mill Hill Road, Cowes, Isle of Wight
PO31 7EA.
For further information please contact:
Willem Wester Carisbrooke Shipping PLC 01983 284100
Managing Director
Ron Robson Carisbrooke Shipping PLC 01983 284100
Finance Director
END
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