Ocean Wilsons Holdings Ltd Response to Media Speculation

RNS Number : 6767I

Ocean Wilsons Holdings Ltd

17 October 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Ocean Wilsons Holdings Limited

("Ocean Wilsons" or the "Company")

Response to media speculation

17 October 2024

 

The Company notes the recent Brazilian media speculation regarding the potential sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons"). Further to its announcement on 23 August 2024, the Company confirms that discussions with I Squared Capital Advisers (US) LLC regarding a potential transaction involving the Company's investment in Wilson Sons have been interrupted.  The Company is continuing to progress its strategic review relating to its investment in Wilson Sons and confirms that it is in active discussions with a third party regarding a potential transaction in respect of such investment.

There can be no certainty as to the outcome of the strategic review nor as to the terms of any potential transaction.

A subsequent announcement will be made as required.

 

For further information, please contact:

Ocean Wilsons Holdings Limited Leslie Rans	Tel: [phone]
Peel Hunt LLP - Financial adviser and broker  Charles Batten Ed Allsopp Tom Graham	Tel: [phone]

The person responsible for arranging the release of this announcement on behalf of Ocean Wilsons is Leslie Rans, Chief Operating and Financial Officer.

 

 

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