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Pin to quick picksDp Aircraft I Regulatory News (DPA)

Share Price Information for Dp Aircraft I (DPA)

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DP Aircraft I is an Investment Trust

To obtain income returns and a capital return for its shareholders by acquiring, leasing and selling aircraft.

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First Day of Dealings

4 Oct 2013 16:18

RNS Number : 8082P
DP Aircraft I Limited
04 October 2013
 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE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.

 

DP Aircraft I Limited

First Day of Dealings

 

The Board of Directors of DP Aircraft I Limited (the "Company") is pleased to announce that 113,000,000 of the Company's Ordinary Preference Shares, which were issued to investors at a price of US$1.00 per Share pursuant to the Company's recent placing (the "Placing"), were this morning admitted to trading on the Specialist Fund Market of the London Stock Exchange and to the Official List of the Channel Islands Stock Exchange.

 

The ISIN number of the Shares is GG00BBP6HP33 and the SEDOL code is BBP6HP3. The Shares trade under the mnemonic DPA.

 

The Company is a new Guernsey-domiciled vehicle whose investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then, when the Board considers it is appropriate, selling aircraft. The Company is targeting a distribution to investors of 2.25 cents per Share per quarter (amounting to a yearly distribution of 9.0 per cent. based on the initial placing price of US$1.00 per Share) with the first distribution expected to be made in January 2014.

 

Canaccord Genuity Limited acted as Placing Agent to the Company in respect of the Placing. The transaction was arranged by Dr Peters Group, one of the longest-running and largest owner-operated initiators of closed-ended funds in Germany, through its aviation arm DS Aviation.

 

 

Commenting on today's announcement, Jon Bridel, non-executive Chairman of the Company, said:

 

"We are delighted to have been successful in our IPO fundraising target of US$113 million. The assets which the Company is buying and leasing out, namely two state of the art, highly fuel-efficient Boeing B787-8s, will provide shareholders with the potential to secure an attractive long-term, stable return through quarterly dividend payments, along with the possibility of an additional capital return upon the eventual disposal of the assets."

 

 

 

For further information please contact:

 

Gillian Newton 01481 732814

Dexion Capital (Guernsey) Limited

Company Secretary

 

 

DS Aviation GmbH & Co. KG +49 231 557 173 300

Christian Mailly

 

 

Canaccord Genuity Limited 020 7523 8000

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

 

 

4 October 2013

 

 

Canaccord Genuity (which is authorised and regulated in the United Kingdom by the Financial Conduct Authority) has been appointed to act as Placing Agent for the Company in connection with the Placing and is acting solely for the Company and will not regard any other person (whether or not a recipient of this prospectus or other information) as its customer in relation thereto and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity or for affording advice in relation to the Placing or for any other matter referred to in this document. Any prospective purchaser of Shares is recommended to seek its own professional advice.

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