ICGC Irish Continental Group Plc

 
TIDMICGC 
 
 
   Completion of Vessel Sale 
 
   27 April 2018 
 
   Irish Continental Group plc ("the Company") is pleased to announce that, 
further to the announcement issued on 30(th) January 2018, the vessel 
"Jonathan Swift" has been delivered to buyers Balearia Eurolineas 
Maritimas S.A. 
 
   The agreed consideration of EUR15.5 million less brokers commission, 
payable in cash, has been received in full and will be utilised for 
general corporate purposes. 
 
   The "Jonathan Swift" was delivered to the group in 1999 at a cost of 
EUR38.8 million. The disposal has generated a book profit for ICG of 
approximately EUR14.0 million. 
 
   The vessel will be replaced by the "Dublin Swift" (formerly Westpac 
Express). She has completed her extensive refurbishment programme and 
entered service today on the company's Dublin - Holyhead route. The 
"Dublin Swift" was built in 2001 and will provide an increase in 
capacity and a significant improvement in the interior fitout with new 
dining options for our customers. 
 
   END 
 
 
 
   Enquiries: 
 
   Irish Continental Group plc 
 
   Eamonn Rothwell, CEO:            +353 1 607 5628 
 
   David Ledwidge, CFO:               +353 1 607 5628 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Irish Continental Group plc via Globenewswire 
 
 
  http://www.icg.ie/ 
 

(END) Dow Jones Newswires

April 27, 2018 04:11 ET (08:11 GMT)

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