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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dp Aircraft I Limited | LSE:DPA | London | Ordinary Share | GG00BBP6HP33 | ORD PREF NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.065 | 0.06 | 0.07 | 0.065 | 0.0625 | 0.0625 | 31,800 | 08:01:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Air Transport, Nonscheduled | 16.46M | 7.66M | 0.0320 | 1.88 | 14.36M |
From May 2019 to May 2024
TIDMDPA
RNS Number : 6526I
DP Aircraft I Limited
03 April 2020
3 April 2020
DP Aircraft I Limited (the "Company")
Company Update - suspension of dividends
Further to its announcement of 23 March 2020, the Board of DP Aircraft I Limited can confirm that discussions are continuing with both Norwegian Air ("Norwegian") in respect of its ongoing lease obligations to the Company, and Norddeutsche Landesbank Girozentrale on behalf of the lending banks providing debt financing in respect of the two aircraft leased to Norwegian.
While these discussions are progressing in a constructive fashion, the ongoing and open-ended nature of the Covid-19 crisis means that they are unlikely to be concluded in short order. Given the absence of immediate clarity as to the basis upon which the situation will be resolved, and in order to place the Company in the best possible position in its discussions with its lenders, the Board is of the view that it would be prudent at this time to suspend the payment of dividends with immediate effect and until further notice. As previously noted, the Board's priority lies in preserving the long-term financial stability of the Company; and maintaining an appropriate level of liquidity is a key facet in doing so.
The Board will keep the Company's dividend policy under ongoing review and will make a further announcement as and when there are any material developments in connection therewith.
Aztec Financial Services (Guernsey) Limited, Company Secretary
+44 1481 748833
Kellie Blondel / Laura Dunning
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
April 03, 2020 02:00 ET (06:00 GMT)
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