Last checked at 
25 Feb 2020 15:44
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
DISPOSITION OF TWO ASSETS
The Board of Directors is pleased to announce that the Company, via its wholly-owned subsidiaries, has completed the sale of two A380-800 aircraft bearing manufacturer's serial numbers 233 and 237 to Etihad Airways PJSC.
The sales included the full repayment of the financing arrangements on both aircraft, including applicable swap breakage and facility prepayment costs. After the payment of all applicable transaction costs, fees and expenses (which amount to approximately GBP 5,100,000), the Company expects to realise aggregate net cash proceeds of approximately GBP 130,860,000.
The Board of Directors, having due regard to prevailing market conditions and to existing and anticipated secondary market activity regarding A380 aircraft, consider this to be a favourable financial result achieved for and on behalf of shareholders.
Following these sales, the Company owns six A380-800 and two B777-300ER (which are leased to Emirates Airline) and four A350-900 aircraft (which are leased to Thai Airways).
The Company may seek to identify potential sale and purchase opportunities at appropriate points for other aircraft, though there can be no assurance that the sale of the two A380-800 aircraft to Etihad announced today necessarily affords guidance as to the ability to realise the remaining aircraft, including the six such A380-800 aircraft, or to the value that might be achieved upon such realisations.
The Board of Directors will now consider the best utilisation of the net proceeds received from the sale of these two aircraft and will make a further announcement in this regard 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.
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