Compulsory Redemption of Shares

Summary by AI ^BETAClose X

Doric Nimrod Air Three Limited will return £142.347 million to shareholders on January 16, 2026, through a compulsory redemption of all 220,000,000 ordinary preference shares at 64.70 pence per share, following the completion of aircraft sales. The redemption record date is January 15, 2026, with payments expected around January 27, 2026. The company will also apply for the cancellation of its ordinary shares' admission to trading on the Specialist Fund Segment, effective January 16, 2026.

Disclaimer*

Doric Nimrod Air Three Limited

08 January 2026

8 January 2026

DORIC NIMROD AIR THREE LIMITED (the "Company")

(Legal Entity Identifier: 213800BMYMCBKT5W8M49)

Return of Capital by a Compulsory Redemption of Shares

The Company announces the following in respect of a return of capital by way of a compulsory redemption of shares.

Compulsory Redemption of Shares

As per the notice released to shareholders on 11 July 2025 which announced the sale of the A380-861 aircraft to Emirates, the Company confirms that all sales have now been completed.

As announced at the time, the Company intended to return capital to Shareholders and the Directors are pleased to confirm that they are able to return an amount of £142.347 million on 16 January 2026 (the "Redemption Date") for shareholders on the register of members as at close of business on 15 January 2026 ("Record Date"), by way of a compulsory redemption (the "Redemption") of all ordinary preference shares ("Shares") in the Company, being 220,000,000 Shares of the Company.

The Redemption will be effected at 64.70 pence per Share.

All redemption proceeds are expected to be paid in pounds sterling using the existing mandate record held on file on or around 27 January 2026. Where no payment details are held on file, payment will be made by cheque posted to the address of the registered holder. All bank payment charges will be for the account of the payee.

All of the Shares redeemed on the Redemption Date will be cancelled. Accordingly, once redeemed, such Shares will be incapable of transfer and any certificates existing in respect of the Shares will cease to be of value.

The Shares will be disabled in CREST on the Record Date and the Company will make an application for the cancellation of the admission of the Ordinary Shares to trading on the Specialist Fund Segment, with the cancellation expected to take effect at 7.00 a.m. on 16 January 2026. Any Shares which have traded on or before the Record Date, but have not settled, will be included in the Redemption.

Expected timetable:

Redemption Record Date	6.00 p.m. on 15 January 2026
Redemption Date	16 January 2026
Redemption Ex-date	16 January 2026
Redemption Payment Date (on or around)	27 January 2026

For further information, please contact:

For administrative and company information:

JTC Fund Solutions (Guernsey) Limited

+44 (0) 1481 702400

DNA.Cosec@jtcgroup.com

For shareholder information:

Nimrod Capital LLP

+44 (0) 20 7382 4565

info@nimrodcapital.com

END OF ANNOUNCEMENT

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