Re Contract

RNS Number : 6769M

Ocean Wilsons Holdings Ld

19 August 2011

 



Ocean Wilsons Holdings Limited

Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.

Wilson Sons Limited ("Wilson, Sons" or the "Company") announces to the market that an agreement has been ratified between our subsidiary Wilson, Sons Comércio, Indústria e Agência de Navegação Ltda ("WSCI") and the Prosecutor of the State of Sao Paulo, revoking the subpoena that determined the suspension of construction of the Guarujá II shipyard (as announced on June 8^th, 2011). In the agreement, the Company will be making social and environmental investments in projects for the city of Guarujá from 2011 through 2014. In this period, up to R$ 5 (five) million Reais will be invested in these projects.  All the projects are located within the shipyard's area of influence, in the city of Guarujá. Civil works for the shipyard will resume immediately.

Wilson, Sons believes that environmental responsibility is as an intrinsic part of doing business. As such, the Company dedicates special attention to environmental issues, focusing on the sustainable development of its activities, products, and services, establishing environmental preservation as one of its top priorities. Wilson, Sons considers the cultivation and promotion of an environmental responsibility among its employees and partners to be an integral part of its management philosophy.

Company Contact Keith Middleton                                  1 441 295 1309 Seymour Pierce Limited                        020 7107 8000 Guy Peters - Corporate Finance David Banks - Corporate Broking

 

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