DP Aircraft I Limited Result of EGM (5033N)

TIDMDPA

RNS Number : 5033N

DP Aircraft I Limited

18 May 2015

 
                     D P AIRCRAFT I LIMITED ('the Company') 
                RESULTS OF EXTRAORDINARY GENERAL MEETING ('EGM') 
 The Board of the Company is pleased to announce that all of the resolutions 
  put to shareholders at the EGM held on 18 May 2015 were passed. 
 
  Accordingly, the Company has the requisite shareholder authority to 
  proceed to purchase two further Boeing 787-8 aircraft which are currently 
  leased to Thai Airways. A Prospectus relating to the proposed equity 
  issue necessary to part finance the acquisition will be published 
  shortly. 
 
  The details of each such resolution are as follows: 
 1. ORDINARY   THAT the Company be authorised to issue new Ordinary 
  RESOLUTION    Shares pursuant to the Placing for the purpose of raising 
                the equity monies required to fund the proposed purchase 
                from AerCap Ireland Capital Limited of two Boeing 787-8 
                aircraft which are currently leased to Thai, as more 
                particularly described in the Circular. 
                 100%   Those in favour of the resolution   88,458,476 
                        Those against the resolution        0.00 
                       ----------------------------------  ----------- 
                        Those withheld and not counted      0.00 
                       ----------------------------------  ----------- 
 
 
                IT WAS RESOLVED THAT Resolution 1 be and is hereby passed. 
 2. SPECIAL    THAT, conditional upon resolution 1 as set out in the 
  RESOLUTION    notice of this extraordinary general meeting being passed 
                and subject to completion of the Acquisition, the Company's 
                articles of incorporation shall be amended as follows: 
 
                (a) the definition of "Assets" in article 1 be deleted 
                and replaced with the following new definition: "Assets 
                means the First Asset and/or the Second Asset and/or 
                Third Asset and/or the Fourth Asset;" 
 
                (b) the following new definitions be inserted in article 
                1 in alphabetical order: 
                "Fourth Asset means the Boeing 787-8 aircraft with manufacturer 
                serial number 36110 together with the engines and, where 
                the context so permits, including all records, the manuals 
                and the technical records, technical data and other 
                materials and documents kept in accordance with the 
                requirements of the lease relating to this Asset;" 
                "New Assets means the Third Asset and/or Fourth Asset;" 
                "Third Asset means the Boeing 787-8 aircraft with manufacturer 
                serial number 35320 together with the engines and, where 
                the context so permits, including all records, the manuals 
                and the technical records, technical data and other 
                materials and documents kept in accordance with the 
                requirements of the lease relating to this Asset;" 
 
                (c) article 34.4 be deleted and replaced with the following 
                new article: 
                "34.4 An extraordinary general meeting of the Company 
                shall be convened by the board no later than 30 June 
                2026 where an ordinary resolution shall be proposed 
                that the Company shall proceed to an orderly wind-up 
                at the end of the term of the leases of the New Assets. 
                If that resolution is passed then the Company shall 
                be dissolved in accordance with the Law following such 
                orderly winding up at the end of such term. If that 
                resolution is not passed, the directors shall consider 
                alternatives for the future of the Company and shall 
                propose such alternatives at a further extraordinary 
                general meeting of the Company, including re-leasing 
                the Assets or selling the Assets and reinvesting the 
                capital so received in other aircraft." 
                 100%   Those in favour of the resolution   88,458,476 
                        Those against the resolution        0.00 
                       ----------------------------------  ----------- 
                        Those withheld and not counted      0.00 
                       ----------------------------------  ----------- 
 
 
                IT WAS RESOLVED THAT Resolution 2 be and is hereby passed. 
 

For further information please contact:

Dexion Capital (Guernsey) Limited, Company Secretary

[phone]

Kellie Blondel / Carol Kilby

This information is provided by RNS

The company news service from the London Stock Exchange

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