Results of Placing

RNS Number : 8168P

DP Aircraft I Limited

10 June 2015

 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, CANADA, JAPAN OR ANY JURISDICTION IN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, NEW ZEALAND, SOUTH AFRICA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

This announcement is an advertisement and not a prospectus. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus published by DP Aircraft I Limited (the "Company") in connection with the placing (the "Placing") and the admission of the new ordinary shares of no par value to trading on The London Stock Exchange plc's Specialist Fund Market (the "Prospectus").  This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction.  Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

DP Aircraft I Limited (the "Company")

Issue of 96,333,333 ordinary preference shares of no par value at an issue price

of 105.89 cents per share

Results of Placing

The Board of the Company is pleased to announce that, in accordance with the terms of the Prospectus published on 5 June 2015 ('the "Prospectus"), it is today issuing 96,333,333 ordinary preference shares of no par value (the "New Ordinary Shares"), subject only to Admission (defined below).  The net proceeds will be used by the Company to finance the acquisition of two Boeing 787-8 aircraft from AerCap Ireland Capital Limited, to be leased to Thai Airways International Public Company Limited.

The issue price per New Ordinary Share is 105.89 cents.

A copy of the Prospectus is available for inspection at the National Storage Mechanism  www.Hemscott.com/nsm.do and can also be obtained from the Company Secretary or from the Company's website at www.dpaircraft.com.

Admission

Application has been made for the New Ordinary Shares to be admitted to trading on the Specialist Fund Market of the London Stock Exchange.  It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 12 June 2015 ("Admission").

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue on Admission will be 209,333,333 (including the 96,333,333 ordinary shares to be issued and admitted on 12 June 2015 pursuant to the Company's placing), each with one voting right.   No ordinary shares are held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

Commenting on today's announcement, Jon Bridel, non-executive Chairman of the Company, said:

"We are delighted to have been successful in our fundraising target of US$102.0 million. The acquisition of these two additional state of the art, highly fuel-efficient Boeing B787-8s will allow the Company to offer an attractive long-term and stable return, together with the potential for capital upside, to a broader shareholder base, while providing the benefit of risk diversification for the portfolio."

Enquiries

For further information please contact:

Kellie Blondel / Carol Kilby                                         01481 743948

Dexion Capital (Guernsey) Limited

Company Secretary

DS Aviation GmbH & Co. KG                                        [phone]

Christian Mailly

Canaccord Genuity Limited                                         020 7523 8000

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

10 June 2015

This document is not for release, publication or distribution (directly or indirectly) in or into the United States, Australia, New Zealand, South Africa, Canada or Japan or to any "US person" as defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or into any other jurisdiction where applicable laws prohibit its release, distribution or publication. It does not constitute an offer of securities for sale anywhere in the world, including in or into the United States, Australia, New Zealand, South Africa, Canada or Japan. No recipient may distribute, or make available, this document (directly or indirectly) to any other person. Recipients of this document in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of this document may in certain jurisdictions be restricted by law.

The New Ordinary Shares have not been and will not be registered under the U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons. The Company will not be registered as an "investment company" under the U.S. Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of that Act. In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of Australia, New Zealand, South Africa, Canada or Japan and, accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the New Ordinary Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in Australia, New Zealand, South Africa, Canada or Japan.

Canaccord Genuity Limited ("Canaccord Genuity") is authorised and regulated by the UK Financial Conduct Authority. Canaccord Genuity is not acting as adviser to any recipient of this document and will not be responsible to any recipient of the document for providing the protections afforded to clients of any of them or for providing advice in connection with this document or any of the matters referred to herein.

This document is an advertisement and not a prospectus and investors must only subscribe for or purchase the securities referred to in this document on the basis of information contained in the Prospectus published in connection with the Placing and not in reliance on this document. This document does not contain sufficient information to support an investment decision and investors should ensure that they obtain all available relevant information before making any investment. This document does not constitute and may not be construed as an offer to sell, or an invitation to purchase, investments of any description, nor as a recommendation regarding the possible offering or the provision of investment advice by any party.

Ends

 

END

 

 

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