Amedeo Air Four Plus Limited Disposition of Two Assets (4561D)
February 19 2020 - 3:46AM
UK Regulatory
TIDMAA4
RNS Number : 4561D
Amedeo Air Four Plus Limited
19 February 2020
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
19 February, 2020
DISPOSITION OF TWO ASSETS
The Board of Directors is pleased to announce that the Company,
via its wholly-owned subsidiaries, has entered into agreements
dated 18 February, 2020 to sell two A380-800 aircraft bearing
manufacturer's serial numbers 233 and 237 to Etihad Airways PJSC.
Closing of the sales, which are subject to the fulfilment of
certain conditions precedent, is expected to occur on or around 24
February, 2020.
After repayment of the current financing arrangements on the
aircraft, the determination of swap breakage and facility
prepayment costs together with transaction costs, fees and
expenses, the Company currently expects the aggregate net cash
proceeds to the Company to be in the region of GBP 130 million.
An announcement containing further details of the sales will be
made once the transactions close on or around 24 February 2020.
The Board of Directors will consider the best utilisation of the
net proceeds once received and a further announcement in this
regard will be made in due course.
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market (LSE: AA4).
The Company's investment objective is to obtain income returns
and a capital return for its Shareholders by acquiring, leasing and
then selling aircraft.
The latest available information on the Company can be accessed
via the Company's website www.aa4plus.com.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 on market abuse
(MAR).
For further information, please contact:
Administrative Enquiries:
JTC Fund Solutions (Guernsey) Limited
Tel: +44 (0) 1481 702400
Shareholder Enquiries:
Nimrod Capital LLP
Richard Bolchover
Marc Gordon
Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
The person arranging release of this announcement on behalf of
the Company is Ashley Senner of JTC Fund Solutions (Guernsey)
Limited.
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any applicable requirements.
END OF ANNOUNCEMENT
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END
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