Nimrod Sea Assets Limited Investment Update (1187W)
23 April 2016 - 1:00AM
UK Regulatory
TIDMNSA
RNS Number : 1187W
Nimrod Sea Assets Limited
22 April 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
NIMROD SEA ASSETS LIMITED
(the "Company")
Investment Update
22 April 2016
Viking Supply Ships A/S, charterer of the ODIN VIKING, in which
the Company has a 43% interest through Norseman Offshore AS
("Norseman"), is now two months overdue with respect to its
charterhire payments for the vessel. Norseman has been advised that
Viking Supply Ships A/S has appointed Swedbank as its financial
adviser and that Swedbank is preparing a restructuring proposal.
Initial proposals have not been agreed by all necessary parties and
we are unable to say with any certainty when or if a deal will be
agreed. The vessel remains in lay-up in Sweden. Further
announcements will be made in due course.
For further information please contact:
Nimrod Capital LLP + 44 (0) 20 7382 4565
Richard Bolchover
Marc Gordon
END OF ANNOUNCEMENT
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