Interim Management Statement (6071M)
August 18 2011 - 8:00AM
UK Regulatory
TIDMDNA
RNS Number : 6071M
Doric Nimrod Air One Limited
18 August 2011
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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 ONE LIMITED
Interim Management Statement for the period 13 December 2011 to
18 August 2011 (the "Period").
Overview
Doric Nimrod Air One Limited ("DNA" or the "Company") is a
Guernsey domiciled company listed on the Specialist Fund Market of
the London Stock Exchange and the Channel Islands Stock Exchange on
13 December 2010.
Investment Objectives and Policy
The Company's investment objective is to obtain income returns
and a capital return for its Shareholders by acquiring, leasing and
then selling a single aircraft (the "Asset").
The Company has purchased one airbus A380-861 aircraft,
manufacturer's serial number 016 which has, initially, been leased
to Emirates Airlines, the national carrier owned by the Investment
Corporation of Dubai, based in Dubai, United Arab Emirates.
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 Asset, and capital, upon
the sale of the Asset.
Performance Overview
All payments by Emirates, the Lessee, have to date been made in
accordance with the terms of the Lease..
During the Period and in line with the Distribution policy DNA
declared two interim dividends of 2.25 pence per Ordinary
Preference Share.
Future dividend payments are anticipated to be declared and paid
on a quarterly cycle and as per the Prospectus are targeted at 2.25
pence per Ordinary Preference Share per quarter subject to
compliance with applicable laws and regulations.
Quarterly Review by Doric Asset Finance Limited
A quarterly fact sheet provided by Doric Asset Finance Limited,
the Company's Asset Manager' providing the Asset Manager's review
of the Asset and the air transport market is posted on the
Company's website
http://www.dnairone.com/investors/quarterly-factsheet.
Material events
Other than the information set out above, the Board is not aware
of any events during the Period, which would have had a material
impact on the financial position of the Company.
Investor Information
The latest available information on the Company can be accessed
via www.dnairone.co.uk.
This document has been issued by, and is the sole responsibility
of, Doric Nimrod Air One Limited (the "Company") and is for
information purposes only. It is not, and is not intended to be an
invitation, inducement, offer, or solicitation, to deal in the
shares of the Company. The price of shares in the Company and the
income from them may go down as well as up and investors may not
get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.
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 and 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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