Subsidiary update

RNS Number : 8341Q

Ocean Wilsons Holdings Ld

10 August 2010

 



Ocean Wilsons Holdings Limited

Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.

Wilson Sons Limited ("Wilson, Sons" or the "Company") (Bovespa: WSON11) announces that, at a meeting held on August 3, 2010, and according to Resolution No. 1780 published in the Official Journal of the Union on August 6, 2010, the National Agency of Waterway Transportation (ANTAQ) approved the draft of an amendment to the TECON Salvador lease contract, forwarded by the Companhia das Docas do Estado da Bahia (CODEBA), contemplating the extension into the area called "Ponta Norte" of Salvador's Port, adjacent to TECON Salvador. ANTAQ, within the same Resolution, demanded from CODEBA a series of requirements related to the expansion of the aforementioned area. 

The Company informs that it awaits CODEBA's notification as well as further clarification about its terms and conditions in order to define its position regarding the signing of the related contract amendment.

 

END

 

 

MSCBGGDIBSBBGGG