DP Aircraft I Limited Result of EGM (5033N)
18 May 2015 - 8:30PM
UK Regulatory
TIDMDPA
RNS Number : 5033N
DP Aircraft I Limited
18 May 2015
D P AIRCRAFT I LIMITED ('the Company')
RESULTS OF EXTRAORDINARY GENERAL MEETING ('EGM')
The Board of the Company is pleased to announce that all of the resolutions
put to shareholders at the EGM held on 18 May 2015 were passed.
Accordingly, the Company has the requisite shareholder authority to
proceed to purchase two further Boeing 787-8 aircraft which are currently
leased to Thai Airways. A Prospectus relating to the proposed equity
issue necessary to part finance the acquisition will be published
shortly.
The details of each such resolution are as follows:
1. ORDINARY THAT the Company be authorised to issue new Ordinary
RESOLUTION Shares pursuant to the Placing for the purpose of raising
the equity monies required to fund the proposed purchase
from AerCap Ireland Capital Limited of two Boeing 787-8
aircraft which are currently leased to Thai, as more
particularly described in the Circular.
100% Those in favour of the resolution 88,458,476
Those against the resolution 0.00
---------------------------------- -----------
Those withheld and not counted 0.00
---------------------------------- -----------
IT WAS RESOLVED THAT Resolution 1 be and is hereby passed.
2. SPECIAL THAT, conditional upon resolution 1 as set out in the
RESOLUTION notice of this extraordinary general meeting being passed
and subject to completion of the Acquisition, the Company's
articles of incorporation shall be amended as follows:
(a) the definition of "Assets" in article 1 be deleted
and replaced with the following new definition: "Assets
means the First Asset and/or the Second Asset and/or
Third Asset and/or the Fourth Asset;"
(b) the following new definitions be inserted in article
1 in alphabetical order:
"Fourth Asset means the Boeing 787-8 aircraft with manufacturer
serial number 36110 together with the engines and, where
the context so permits, including all records, the manuals
and the technical records, technical data and other
materials and documents kept in accordance with the
requirements of the lease relating to this Asset;"
"New Assets means the Third Asset and/or Fourth Asset;"
"Third Asset means the Boeing 787-8 aircraft with manufacturer
serial number 35320 together with the engines and, where
the context so permits, including all records, the manuals
and the technical records, technical data and other
materials and documents kept in accordance with the
requirements of the lease relating to this Asset;"
(c) article 34.4 be deleted and replaced with the following
new article:
"34.4 An extraordinary general meeting of the Company
shall be convened by the board no later than 30 June
2026 where an ordinary resolution shall be proposed
that the Company shall proceed to an orderly wind-up
at the end of the term of the leases of the New Assets.
If that resolution is passed then the Company shall
be dissolved in accordance with the Law following such
orderly winding up at the end of such term. If that
resolution is not passed, the directors shall consider
alternatives for the future of the Company and shall
propose such alternatives at a further extraordinary
general meeting of the Company, including re-leasing
the Assets or selling the Assets and reinvesting the
capital so received in other aircraft."
100% Those in favour of the resolution 88,458,476
Those against the resolution 0.00
---------------------------------- -----------
Those withheld and not counted 0.00
---------------------------------- -----------
IT WAS RESOLVED THAT Resolution 2 be and is hereby passed.
For further information please contact:
Dexion Capital (Guernsey) Limited, Company Secretary
+44 1481 743940
Kellie Blondel / Carol Kilby
This information is provided by RNS
The company news service from the London Stock Exchange
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