Suspension of work on shipyard

RNS Number : 1390I

Ocean Wilsons Holdings Ld

09 June 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") (Bovespa: WSON11) hereby announces to the market that  its subsidiary, Wilson, Sons Comércio, Indústria e Agência de Navegação Ltda ("WSCI") received, on 06/06/2011, subpoena from a Judge of the Civil Court of Guarujá, filed by the Prosecutor of the State of Sao Paulo against WSCI, the environmental authority of São Paulo ("CETESB") and others, to suspend work, construction, deforestation, removal or cutting of vegetation at the location described in the installation license No. 18001111, for the Shipyard Guarujá II, giving reason that "there is a possibility that the area may be subject to permanent preservation."

Before the commencement of works for the construction of the shipyard, WSCI completed all environmental licensing procedures determined by CETESB, the competent state agency, and the installation license was granted on 31/03/2010.

We confirm that the Company will not hesitate to defend the project before the competent authorities and take all appropriate legal measures to uphold the installation license.

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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