Platform Supply Vessels

RNS Number : 1496K

Ocean Wilsons Holdings Ld

24 December 2015

 

Ocean Wilsons Holdings Limited

Platform Supply Vessels

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

Wilson Sons Limited ("Wilson Sons" or "the Company") announces to its shareholders that it has acquired 7.5% of the ordinary shares of Tecon Salvador S.A from the minority shareholder at a price of Brazilian Real "BRL"18.83 million (approximately US$4.73 million). The consideration includes BRL7.50 million (approximately US$1.89 million) in cash and the settlement of BRL11.33 million (approximately US$2.85 million) in debt. The transaction also considers an additional BRL3.00 million (approximately US$0.75 million) that is conditional upon future contractual events. As a result of the transaction Wilson Sons now holds 100% of the shares of the subsidiary. The U.S. dollar amounts are converted using the exchange rate prevailing at 22 December 2015 of R$3.97.    

Enquiries

Company Contact

Keith Middleton                                1 441 295 1309

Media

David Haggie                                    020 7562 4444

Haggie Partners LLP

Cantor Fitzgerald Europe                  020 7894 7000

Rick Thompson - Corporate Finance

David Banks - Corporate Broking

 

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