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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nautilus Marine Services Plc | LSE:NAUT | London | Ordinary Share | GB0031461949 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.75 | 0.50 | 1.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMNAUT
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 +1 817 424 2424, Strategy and Business Development ext 110 awilliams@nmsplc.com www.nautilusmarineplc.com finnCap LtdChristopher 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
(END) Dow Jones Newswires
February 09, 2017 03:07 ET (08:07 GMT)
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