Asset Sale Update
2 October 2024
DORIC NIMROD AIR TWO LIMITED
(Legal Entity Identifier: 213800ENH57LLS7MEM48)
ASSET SALE UPDATE
On 21 August 2024 the Company announced its agreement to sell its remaining five Airbus A380-861 aircraft to Emirates (the "August Announcement").
Further to the August Announcement, the Board is happy to announce that, following the Lease End Dates for MSNs 105 and 106, sale proceeds of £61.41m have been received with title successfully passing to Emirates.
For the Company's three remaining Airbus A380-861 aircraft (MSNs 107, 109 and 110), operating leases will continue as contracted until the respective Lease End Dates.
The Board intends to provide further updates in due course regarding the distribution of total sale proceeds, as anticipated in the August announcement.
For further information, please contact:
For administrative and company information:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702400
For shareholder information:
Nimrod Capital LLP
+44 (0) 20 7382 4565
END OF ANNOUNCEMENT
E&OE - in transmission
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
COMPANIES COVERED:
Latest directors dealings
- 1 day ago Cerillion
- 1 day ago Associated British Foods
- 1 day ago B&M European Value Retail S.A. (DI)
- 1 day ago B&M European Value Retail S.A. (DI)
- 1 day ago Haleon