18 Aug 2011 13:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE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, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.
DORIC NIMROD AIR ONE LIMITED
Interim Management Statement for the period 13 December 2011 to 18 August 2011 (the "Period").
Overview
Doric Nimrod Air One Limited ("DNA" or the "Company") is a Guernsey domiciled company listed on the Specialist Fund Market of the London Stock Exchange and the Channel Islands Stock Exchange on 13 December 2010.
Investment Objectives and Policy
The Company's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling a single aircraft (the "Asset").
The Company has purchased one airbus A380-861 aircraft, manufacturer's serial number 016 which has, initially, been leased to Emirates Airlines, the national carrier owned by the Investment Corporation of Dubai, based in Dubai, United Arab Emirates.
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 Asset, and capital, upon the sale of the Asset.
Performance Overview
All payments by Emirates, the Lessee, have to date been made in accordance with the terms of the Lease..
During the Period and in line with the Distribution policy DNA declared two interim dividends of 2.25 pence per Ordinary Preference Share.
Future dividend payments are anticipated to be declared and paid on a quarterly cycle and as per the Prospectus are targeted at 2.25 pence per Ordinary Preference Share per quarter subject to compliance with applicable laws and regulations.
Quarterly Review by Doric Asset Finance Limited
A quarterly fact sheet provided by Doric Asset Finance Limited, the Company's Asset Manager' providing the Asset Manager's review of the Asset and the air transport market is posted on the Company's website http://www.dnairone.com/investors/quarterly-factsheet.
Material events
Other than the information set out above, the Board is not aware of any events during the Period, which would have had a material impact on the financial position of the Company.
Investor Information
The latest available information on the Company can be accessed via www.dnairone.co.uk.
This document has been issued by, and is the sole responsibility of, Doric Nimrod Air One Limited (the "Company") and is for information purposes only. It is not, and is not intended to be an invitation, inducement, offer, or solicitation, to deal in the shares of the Company. The price of shares in the Company and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of shares in the Company. An investment in the Company should be considered only as part of a balanced portfolio of which it should not form a disproportionate part. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.
For further information, please contact:
For administrative and company information:
Anson Fund Managers Limited
+44 (0) 1481 722260
For shareholder information:
Nimrod Capital LLP
Richard Bolchover and Marc Gordon
+44 (0) 20 3355 6855