Doric Nimrod Air Two Limited ASSET SALE UPDATE
December 02 2024 - 10:56AM
RNS Regulatory News
RNS Number : 4774O
Doric Nimrod Air Two Limited
02 December 2024
2 December 2024
DORIC NIMROD
AIR TWO
LIMITED
(Legal Entity Identifier:
213800ENH57LLS7MEM48)
ASSET SALE UPDATE
On 21 August 2024 the Company
announced its agreement to sell its remaining five Airbus A380-861
aircraft to Emirates (the "August
Announcement").
Further to the August Announcement,
and the subsequent Asset Sale Updates provided on 2 October 2024,
15 October 2024 and 11 November 2024, the Board is happy to
announce that, following the Lease End Date for MSN 110, sale
proceeds of £30.71m have been received with title successfully
passing to Emirates.
All sales included in the August
Announcement have now successfully concluded.
The Board wishes to thank both its
advisors, Doric and Nimrod, for their advice and assistance in
connection with this transaction, and the Company's Shareholders
for their patience and constructive role throughout the Company's
life so far. The Board would also like to thank Emirates for the
past twelve years of cooperation.
Further to the announcement made on 5
November 2024, the Board intends to provide the exact timetable for
the anticipated distribution to be made to shareholders, currently
expected to be made at the end of
January 2025, 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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