DP Aircraft I Limited First Day of Dealings
05 October 2013 - 1:18AM
RNS Non-Regulatory
TIDMDPA
DP Aircraft I Limited
04 October 2013
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION
CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR
SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY
JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS
UNLAWFUL.
DP Aircraft I Limited
First Day of Dealings
The Board of Directors of DP Aircraft I Limited (the "Company")
is pleased to announce that 113,000,000 of the Company's Ordinary
Preference Shares, which were issued to investors at a price of
US$1.00 per Share pursuant to the Company's recent placing (the
"Placing"), were this morning admitted to trading on the Specialist
Fund Market of the London Stock Exchange and to the Official List
of the Channel Islands Stock Exchange.
The ISIN number of the Shares is GG00BBP6HP33 and the SEDOL code
is BBP6HP3. The Shares trade under the mnemonic DPA.
The Company is a new Guernsey-domiciled vehicle whose investment
objective is to obtain income returns and a capital return for its
shareholders by acquiring, leasing and then, when the Board
considers it is appropriate, selling aircraft. The Company is
targeting a distribution to investors of 2.25 cents per Share per
quarter (amounting to a yearly distribution of 9.0 per cent. based
on the initial placing price of US$1.00 per Share) with the first
distribution expected to be made in January 2014.
Canaccord Genuity Limited acted as Placing Agent to the Company
in respect of the Placing. The transaction was arranged by Dr
Peters Group, one of the longest-running and largest owner-operated
initiators of closed-ended funds in Germany, through its aviation
arm DS Aviation.
Commenting on today's announcement, Jon Bridel, non-executive
Chairman of the Company, said:
"We are delighted to have been successful in our IPO fundraising
target of US$113 million. The assets which the Company is buying
and leasing out, namely two state of the art, highly fuel-efficient
Boeing B787-8s, will provide shareholders with the potential to
secure an attractive long-term, stable return through quarterly
dividend payments, along with the possibility of an additional
capital return upon the eventual disposal of the assets."
For further information please contact:
Gillian Newton 01481 732814
Dexion Capital (Guernsey) Limited
Company Secretary
DS Aviation GmbH & Co. KG +49 231 557 173 300
Christian Mailly
Canaccord Genuity Limited 020 7523 8000
Dominic Waters
Neil Brierley
Will Barnett
David Yovichic
4 October 2013
Canaccord Genuity (which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority) has been
appointed to act as Placing Agent for the Company in connection
with the Placing and is acting solely for the Company and will not
regard any other person (whether or not a recipient of this
prospectus or other information) as its customer in relation
thereto and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Canaccord Genuity or for affording advice in relation to the
Placing or for any other matter referred to in this document. Any
prospective purchaser of Shares is recommended to seek its own
professional advice.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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