Vessel Financing Approval

RNS Number : 8029I

Ocean Wilsons Holdings Ld

02 September 2016

 

Ocean Wilsons Holdings Limited

Vessel financing approval

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

Wilson Sons Limited announces to its shareholders that the Board of Directors of the "FMM" ("Marine Merchant Fund"), on 25 August 2016, approved the Company's request for priority status for funding in the order of US$ 49.6 million. The funding is for the construction of six tugboats in the Company´s Shipyard in the city of Guarujá (state of São Paulo).

The use of proceeds is subject to both the Company's shipbuilding plan and the analysis, approval and issuance of funds by an eligible financial agent with the FMM.

Enquiries

Company Contact

Keith Middleton                                1 441 295 1309

Media

David Haggie                                    020 7562 4444

Haggie Partners LLP

Cantor Fitzgerald Europe                   020 7894 7000

David Foreman, Will Goode - Corporate Finance

 

END

 

 

MSCLIFLDADIFIIR