Ocean Wilsons Holdings Limited
Vessel financing approval
Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.
Wilson Sons Limited announces to its shareholders that the Board of Directors of the "FMM" ("Marine Merchant Fund"), on 25 August 2016, approved the Company's request for priority status for funding in the order of US$ 49.6 million. The funding is for the construction of six tugboats in the Company´s Shipyard in the city of Guarujá (state of São Paulo).
The use of proceeds is subject to both the Company's shipbuilding plan and the analysis, approval and issuance of funds by an eligible financial agent with the FMM.
Keith Middleton 1 441 295 1309
David Haggie 020 7562 4444
Haggie Partners LLP
Cantor Fitzgerald Europe 020 7894 7000
David Foreman, Will Goode - Corporate Finance
This information is provided by RNS