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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nimrod Sea Asst | LSE:NSA | London | Ordinary Share | GG00BK0SC854 | RED ORD SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNSA
RNS Number : 0569Q
Nimrod Sea Assets Limited
24 November 2016
24 November 2016
NIMROD SEA ASSETS LIMITED
Appointment of Executive Directors
Further to its announcement on 30 September 2016, Nimrod Sea Assets Limited (the "Company"), a Guernsey-domiciled company with registered number 55718, is pleased to announce that Mr Robin Das and Mr Frank Pedder have been formally appointed as executive directors of the Company. Mr Das and Mr Pedder are principals of Auld Partners Ltd ("Auld") which has been recently appointed to provide consultancy services to the Company.
Under the terms of its appointment, Auld is entitled to materially lower fees than those which had been payable by the Company to its previous consultancy services provider. This reduction reflects the lower net asset value of the Company since its initial public offering in 2014. Nimrod Capital LLP ("Nimrod"), the Company's corporate and shareholder adviser, had also offered a substantial fee reduction to the Board earlier this year, which has now been accepted by the Board. The Company and Nimrod have agreed that the reduction in Nimrod's fees will be backdated to the beginning of the Company's financial year (1 April 2016).
Over the past few months, the Company has received indicative proposals from third parties suggesting various strategic and restructuring options. The Company intends, in consultation with Auld and Nimrod, to continue considering these options for the future of the Company, and any others that may be put forth, including an orderly managed wind-down.
Jeff Vidamour
Director
- end -
For further information, please contact:
For administrative and company information:
JTC (Guernsey) Limited
+44 1481 702400
For shareholder information:
Nimrod Capital LLP
Richard Bolchover
Marc Gordon
+44 (0)20 7382 4565
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 24, 2016 12:00 ET (17:00 GMT)
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