Potential Acquisition

RNS Number : 4876A

DP Aircraft I Limited

22 December 2014

 



DP Aircraft I Limited

22 December 2014

DP Aircraft I Limited (the "Company")

Potential Acquisition

The Board of Directors of DP Aircraft I Limited is pleased to announce that the Company is considering the acquisition of two further Boeing 787-8s, to be leased to a third party national airline on a twelve year lease. If the acquisition proceeds, it will be funded through a combination of equity and debt; and although funding terms are yet to be finalised, on the basis of current market conditions (including,inter alia, the cost of debt) it is expected that equity would be issued by the Company at or close to the current market price.

Approval from shareholders is required before the Company can proceed with any new portfolio acquisition. Accordingly, the Company and its advisers will liaise with shareholders in the New Year in order to confirm that there is the requisite support from investors for the proposal.

A further announcement will be made in due course.

For further information please contact:

Dexion Capital (Guernsey) Limited                                         01481 743940

As Company Secretary to DP Aircraft I Limited

Carol Kilby

Canaccord Genuity Limited                                                         020 7523 8000

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

 

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