Exercise of Call Option

RNS Number : 1954A

Ocean Wilsons Holdings Ld

27 January 2011

 



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 (Bovespa: WSON11 or "Company") announces to all its shareholders that Intermarítima Terminais Ltda ("Intermarítima") has exercised a call option granted by the Company to buy 7.5% of the ordinary shares of Tecon Salvador S.A, a subsidiary of the Company, at a price of R$11,201,625.00 (eleven million, two hundred and one thousand, six hundred and twenty five Brazilian Reais) on the 26^th of January 2011. The right of Intermarítima to exercise this option was subject to the Company gaining the right to operate exclusively in the area of Salvador's Port referred to as "Ponta Norte".

Intermarítima is an important inland and port logistics operator with activities in the major ports of Bahia state - Salvador, Aratu and Ilhéus. This alliance will facilitate the continued growth of Tecon Salvador as well as the exploration of new general and bulk cargo opportunities in Bahia, the sixth largest Brazilian economy according to data from the Brazilian Institute of Geography and Statistics.

Company Contact

Keith Middleton                            1 441 295 1309

Seymour Pierce Limited                 020 7107 8000

Guy Peters - Corporate Finance

David Banks - Corporate Broking

 

END

 

 

MSCDKODQDBKDBDB