Sale of Paladin for US$17.3m

RNS Number : 7522D
Fisher (James) & Sons plc
01 July 2021
 

1 July 2021

 

James Fisher and Sons plc

Sale of Paladin for US$17.3m

 

James Fisher and Sons plc ("James Fisher" or the "Group"), the leading marine services provider, announces the sale of Paladin, one of its two Dive Support Vessels, for US$17.3 million to Seamec Ltd.

 

This announcement is in line with the Group's newly stated capital allocation policy to reduce leverage, in the short term, through the sale of non-core assets.

 

 

Contacts

 

James Fisher and Sons plc

 

Eoghan O'Lionaird, Chief Executive Officer

Duncan Kennedy, Chief Financial Officer

 

01229 615 400

FTI Consulting

 

Richard Mountain / Susanne Yule

 

020 3727 1000

 

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