RNS Number : 1287I
Doric Nimrod Air Two Limited
15 October 2024
 

15 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, and the subsequent Asset Sale Update provided on 2 October 2024, the Board is happy to announce that, following the Lease End Date for MSN 107, sale proceeds of £30.71m have been received with title successfully passing to Emirates.

For the Company's two remaining Airbus A380-861 aircraft (MSNs 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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.
 
END
 
 
DISFZMMGVDGGDZM