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Completion of Transactions & Change of Name

9 Feb 2017 08:07

RNS Number : 4275W
Nautilus Marine Services PLC
09 February 2017
 

 

Immediate Release 9 February 2017

 

NAUTILUS MARINE SERVICES PLC

(FORMERLY GLOBAL ENERGY DEVELOPMENT PLC)

(the "Company" or "Nautilus")

 

COMPLETION OF ACQUISITION TRANSACTIONS AND CHANGE OF NAME

 

Nautilus Marine Services PLC is pleased to announce the completion of the transactions to acquire subsea service vessels. The acquisitions were effected through the purchase of the entire issued share capital of certain vessel-owning companies. All vessels have been received and inspected and are located at the Company's docking facility in Louisiana, U.S. In accordance with completion requirements, the Company has received in $3.0 million in cash proceeds and has issued the pro-rata share of Convertible A, B and C Loan Notes ("Convertible Notes") to McLarty Capital Partners and Caleura Limited. The remaining cash proceeds of $7.0 million and $500,000 are scheduled to be received on 31 March and 15 April 2017, respectively, and the remaining pro-rata share of Convertible Notes will be issued accordingly.

 

In addition, following approval from shareholders at the General Meeting of the Company held on 8 February 2017 and Admission of the Company's Issued Share Capital today, the Company has changed its name to Nautilus Marine Services PLC and has changed its TIDM from 'GED' to 'NAUT'.

 

The Company's ISIN remains unchanged.

 

A recording of the Company's shareholder presentation will be available on the Company's website which has been changed to www.nautilusmarineplc.com.

 

Enquiries:

 

Nautilus Marine Services PLC

Anna Williams, Director of Strategy and Business Development

+1 817 424 2424, ext 110

awilliams@nmsplc.com

www.nautilusmarineplc.com

 

finnCap Ltd

Christopher Raggett/Scott Mathieson/Kate Bannatyne (Corporate Finance)

0207 220 0500

Emily Morris (Corporate Broking)

Abchurch

Tim Thompson/Rebecca Clube

0207 398 7700

nautilus@abchurch-group.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSISAUFWSESE
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14th Jan 20197:00 amRNSTransfer of Convertible Loan Notes
11th Jan 20192:05 pmRNSSecond Price Monitoring Extn
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11th Jan 20197:00 amRNSNotice of Conversion of Convertible Loan Note
23rd Aug 20187:00 amRNSInterim results for six months ended 30 June 2018
3rd Aug 20187:00 amRNSAMENDMENT OF EVEREST HILL NOTE RECEIVABLE
19th Jul 20182:05 pmRNSSecond Price Monitoring Extn
19th Jul 20182:00 pmRNSPrice Monitoring Extension
18th Jul 201811:05 amRNSSecond Price Monitoring Extn
18th Jul 201811:00 amRNSPrice Monitoring Extension
20th Jun 20188:45 amRNSResult of AGM
23rd May 20187:00 amRNSPosting of AGM Notice
10th Apr 20187:00 amRNSAnnual Report and Accounts
14th Mar 20189:58 amRNSFinal Results
12th Mar 20187:00 amRNSDisposal of Two Offshore Vessels & Equipment
14th Sep 20177:00 amRNSInterim Results
7th Sep 20177:00 amRNSAppointment of Managing Director
30th Jun 20177:00 amRNSResult of AGM
2nd Jun 20177:00 amRNSPosting of AGM Notice
6th Apr 20177:00 amRNSAnnual Financial Report
9th Mar 201711:06 amRNSSecond Price Monitoring Extn
9th Mar 201711:00 amRNSPrice Monitoring Extension
9th Mar 20177:00 amRNSFinal Results
8th Mar 20174:40 pmRNSSecond Price Monitoring Extn
8th Mar 20174:35 pmRNSPrice Monitoring Extension
9th Feb 20178:07 amRNSCompletion of Transactions & Change of Name
8th Feb 201710:22 amRNSResult of General Meeting

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