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Pin to quick picksAmedeo Afp Regulatory News (AA4)

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Acquisition of Asset

13 Apr 2016 16:15

RNS Number : 1203V
Amedeo Air Four Plus Limited
13 April 2016
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

AMEDEO AIR FOUR PLUS LIMITED

Acquisition of Asset

13 April 2016

 

As anticipated in the Company's Prospectus dated 3 December 2015 (the "Prospectus") Amedeo Air Four Plus Limited (the "Company"), via its wholly-owned subsidiary AA4P Zeta Limited ("AA4PZ"), on 13 April 2016 purchased directly from Airbus one A380 aircraft bearing manufacturer's serial number 208 (the "Aircraft") at a net cost to the Company of US$275 million. In accordance with the Investment Process outlined in the Prospectus, the Aircraft is the Sixth Asset to be acquired by the Company.

 

Following acquisition of the Aircraft, AA4PZ entered into Aircraft Operating Lease arrangements with Emirates airline ("Emirates") pursuant to which the Aircraft has been leased to Emirates for a term of 12 years, with fixed lease rentals for the duration. Following this purchase, the Company therefore now owns six A380s which have all been leased to Emirates.

 

About the Company

 

The Company is a Guernsey-domiciled company, with shares admitted to trading on the Specialist Fund Market ("SFM") of the London Stock Exchange plc. (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 "Assets"). 

 

To pursue its investment objective, the Company will seek to use the net proceeds of placings and/or other equity capital raisings, together with debt facilities (or instruments), to acquire widebody, or other, aircraft which will be leased to one or more major airlines.

 

The Company aims to provide Shareholders with an attractive total return comprising income, from distributions through the period of the Company's ownership of the Assets, and capital, upon the sale of the Assets.

It is anticipated that income distributions will be made to Shareholders quarterly, subject to compliance with applicable laws and regulations. The Company targets a distribution to investors of 2.0625 pence per Share per quarter. 

 

Defined terms used in this announcement shall have the same meaning as ascribed to them in the Company's Prospectus dated 3 December 2015.

 

For further information, please contact:

 

For administrative and company information:

 

JTC (Guernsey) Limited

+44 (0) 1481 702 400

 

For shareholder information:

 

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

+44 (0) 20 7382 4565

 

 

 

END OF ANNOUNCEMENT

 

E&OE - in transmission

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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