Doric Nimrod Air Two Limited Update – Anticipated Redemption of Shares
November 05 2024 - 9:17AM
RNS Regulatory News
RNS Number : 0173L
Doric Nimrod Air Two Limited
05 November 2024
5 November 2024
DORIC NIMROD AIR TWO LIMITED (the
"Company")
(Legal Entity Identifier:
213800ENH57LLS7MEM48)
UPDATE - ANTICIPATED REDEMPTION OF
SHARES
Further to the Company's announcement of 21
August 2024 (and subsequent sale update announcements of 2 October
2024 and 15 October 2024), sales of three of the remaining five
Airbus A380-861 aircraft of the Company, manufacturer's serial
numbers (MSNs) 105, 106 and 107, have
completed as reported.
The Directors confirm the intention to
distribute the sale proceeds to Shareholders together with any
remaining cash holdings, net of any liquidation and other costs and
assuming successful completion of the sales of MSNs 109 and 110
(the "Remaining Sales") as
anticipated and no further unexpected costs or events, as soon as
possible following the last Lease End Date and subject to the
relevant solvency tests, laws and regulations.
The distribution is currently expected to be
made at the end of January 2025 by way of a
redemption of the Ordinary Preference Shares in the Company,
to be effected at approximately 145 pence per share. This figure
and the expected timing are based on current estimates and are
subject to successful completion of the Remaining Sales, there
being no additional unanticipated costs, and the Company satisfying
all relevant solvency tests, laws and regulations. Further details
will be announced in due course.
For further
information, please contact:
For administrative and company
information:
JTC
Fund Solutions (Guernsey) Limited
+44 (0) 1481 702400
For shareholder
information:
Nimrod Capital LLP
+44 (0) 20 7382 4565
END OF ANNOUNCEMENT
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