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Pin to quick picksDp Aircraft I Regulatory News (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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Potential Acquisition

22 Dec 2014 15:00

RNS Number : 4876A
DP Aircraft I Limited
22 December 2014
 



DP Aircraft I Limited

22 December 2014

 

DP Aircraft I Limited (the "Company")

Potential Acquisition

 

The Board of Directors of DP Aircraft I Limited is pleased to announce that the Company is considering the acquisition of two further Boeing 787-8s, to be leased to a third party national airline on a twelve year lease. If the acquisition proceeds, it will be funded through a combination of equity and debt; and although funding terms are yet to be finalised, on the basis of current market conditions (including,inter alia, the cost of debt) it is expected that equity would be issued by the Company at or close to the current market price.

Approval from shareholders is required before the Company can proceed with any new portfolio acquisition. Accordingly, the Company and its advisers will liaise with shareholders in the New Year in order to confirm that there is the requisite support from investors for the proposal.

A further announcement will be made in due course.

 

For further information please contact:

 

Dexion Capital (Guernsey) Limited 01481 743940

As Company Secretary to DP Aircraft I Limited

Carol Kilby

 

Canaccord Genuity Limited 020 7523 8000

 

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

 

 

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