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OCN Ocean Wilsons (holdings) Ld

1,380.00
5.00 (0.36%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ocean Wilsons (holdings) Ld LSE:OCN London Ordinary Share BMG6699D1074 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.36% 1,380.00 1,370.00 1,385.00 1,420.00 1,370.00 1,420.00 8,510 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Towing And Tugboat Services 496.7M 67.05M 1.8960 7.30 489.78M

Ocean Wilsons Holdings Ld Vessel financing approval (5975R)

12/12/2016 2:00pm

UK Regulatory


Ocean Wilsons (holdings)... (LSE:OCN)
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TIDMOCN

RNS Number : 5975R

Ocean Wilsons Holdings Ld

12 December 2016

Ocean Wilsons Holdings Limited

Vessel financing approval

Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.

Wilson Sons Limited ("Wilson Sons" or "the Company"), announces to its shareholders that on 9 December 2016, the Brazilian Official Diary of the Union published a decision of the Board of Directors of the "FMM" ("Marine Merchant Fund") approving the Company's request for priority status to fund the repair and maintenance of 12 tugboats between 2017 and 2018 in the order of US$ 9.4 million. Wilson Sons will continue the process of contracting the debt with one of the FMM's financial agents.

This is the first time that a port towage company has obtained funding for this type of service in Brazil.

The repair and maintenance of the 12 vessels will take place at the Wilson Sons Shipyard, located in Guarujá, (state of São Paulo).

Enquiries

 
 Company Contact 
  Keith Middleton                          +1 441 295 1309 
 Media 
  David Haggie 
  Haggie Partners LLP                     +44 20 7562 4444 
 Cantor Fitzgerald Europe 
  David Foreman, Will Goode (Corporate 
  Finance)                                +44 20 7894 7000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSVFTLFLIR

(END) Dow Jones Newswires

December 12, 2016 09:00 ET (14:00 GMT)

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