Result of EGM

RNS Number : 5033N

DP Aircraft I Limited

18 May 2015

D P AIRCRAFT I LIMITED ('the Company')

RESULTS OF EXTRAORDINARY GENERAL MEETING ('EGM')

The Board of the Company is pleased to announce that all of the resolutions put to shareholders at the EGM held on 18 May 2015 were passed.

Accordingly, the Company has the requisite shareholder authority to proceed to purchase two further Boeing 787-8 aircraft which are currently leased to Thai Airways. A Prospectus relating to the proposed equity issue necessary to part finance the acquisition will be published shortly.

The details of each such resolution are as follows:

1. ORDINARY

RESOLUTION

THAT the Company be authorised to issue new Ordinary Shares pursuant to the Placing for the purpose of raising the equity monies required to fund the proposed purchase from AerCap Ireland Capital Limited of two Boeing 787-8 aircraft which are currently leased to Thai, as more particularly described in the Circular.

100%	Those in favour of the resolution	88,458,476
	Those against the resolution	0.00
	Those withheld and not counted	0.00

IT WAS RESOLVED THAT Resolution 1 be and is hereby passed.

2. SPECIAL

RESOLUTION

THAT, conditional upon resolution 1 as set out in the notice of this extraordinary general meeting being passed and subject to completion of the Acquisition, the Company's articles of incorporation shall be amended as follows:

(a) the definition of "Assets" in article 1 be deleted and replaced with the following new definition: "Assets means the First Asset and/or the Second Asset and/or Third Asset and/or the Fourth Asset;"

(b) the following new definitions be inserted in article 1 in alphabetical order:

"Fourth Asset means the Boeing 787-8 aircraft with manufacturer serial number 36110 together with the engines and, where the context so permits, including all records, the manuals and the technical records, technical data and other materials and documents kept in accordance with the requirements of the lease relating to this Asset;"

"New Assets means the Third Asset and/or Fourth Asset;"

"Third Asset means the Boeing 787-8 aircraft with manufacturer serial number 35320 together with the engines and, where the context so permits, including all records, the manuals and the technical records, technical data and other materials and documents kept in accordance with the requirements of the lease relating to this Asset;"

"34.4 An extraordinary general meeting of the Company shall be convened by the board no later than 30 June 2026 where an ordinary resolution shall be proposed that the Company shall proceed to an orderly wind-up at the end of the term of the leases of the New Assets. If that resolution is passed then the Company shall be dissolved in accordance with the Law following such orderly winding up at the end of such term. If that resolution is not passed, the directors shall consider alternatives for the future of the Company and shall propose such alternatives at a further extraordinary general meeting of the Company, including re-leasing the Assets or selling the Assets and reinvesting the capital so received in other aircraft."