Source - RNS
RNS Number : 8029I
Ocean Wilsons Holdings Ld
02 September 2016

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.






Company Contact

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
The company news service from the London Stock Exchange