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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 |
From Apr 2019 to Apr 2024
TIDMNAUT
RNS Number : 3363H
Nautilus Marine Services PLC
12 March 2018
Immediate Release 12 March 2018
NAUTILUS MARINE SERVICES PLC
(the "Group" or "Nautilus")
DISPOSAL OF TWO OFFSHORE SERVICE VESSELS AND DIVE EQUIPMENT
Nautilus (AIM: NAUT), the Group that is focused on making strategic investments in service providers, technologies, and assets to offer integrated and innovative solutions for multiple offshore industries, today announces that it has sold two of its offshore service vessels and certain of its dive equipment in three separate transactions. These non-strategic assets were acquired in February 2017 and had a combined cost basis of US$120,000 at the time of the disposals, resulting in a gain of US$541,000. In accordance with its current policy, the Group will continue to assess opportunities to sell selected offshore assets at a premium to their initial cost as and when presented.
John Payne, Managing Director of Nautilus, commented: "Having identified the opportunity to move into the offshore service industry, Nautilus moved to acquire a fleet of vessels in late 2016 at the bottom of the oil price cycle. This disposal validates that approach and the judicious nature of our acquisition. It also demonstrates our ability to move quickly to monetize our assets. The remaining vessels are currently laid-up and we continue to monitor the macro-economic environment with a view of recommissioning the fleet to provide maximum economic benefit for all of our stakeholders."
Enquiries:
Hot Features
Premium
Nautilus Marine Services PLC
nautilusirinfo@nmsplc.com
www.nautilusmarineplc.com
finnCap Ltd
Christopher Raggett/Scott Mathieson/Kate +44 (0) 20 7220
Bannatyne (Corporate Finance) 0500
Emily Morris (Corporate Broking)
Yellow Jersey
+44 (0) 7710
Tim Thompson/ Henry Wilkinson 718 649
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISLLFEFVEILLIT
(END) Dow Jones Newswires
March 12, 2018 03:00 ET (07:00 GMT)
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