Ocean Wilsons Holdings Ltd.

Report Publication Announcement • Jun 27, 2017

National Storage Mechanism | Additional information

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RNS Number : 3065J

Ocean Wilsons Holdings Ld

27 June 2017

Ocean Wilsons Holdings Limited

Vessel financing approval

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

Wilson Sons Limited ("Company"), in compliment to the press release disclosed on 1 September 2016, announces that its wholly-owned subsidiary Saveiros Camuyrano Serviços Marítimos S/A has signed a financing agreement with the Brazilian Development Bank ("BNDES"), as the financial agent for the Merchant Marine Fund ("FMM"). The financing of up to US$54 million is for the construction of 6 tugboats with azimuth thrusters. The vessels are designed by Damen Shipyards, a Wilson Sons' partner in Brazil for more than 20 years and will be constructed at Wilson Sons' shipyard in the city of Guarujá (SP).

The construction of new tugboats is part of the Company's strategy to increase and renew its fleet to assist the largest vessels operating in Brazil and facilitating the country's trade flow.

Enquiries

Company Contact Keith Middleton	+1 441 295 1309
Media David Haggie Haggie Partners LLP	+44 20 7562 4444
Cantor Fitzgerald Europe David Foreman, Will Goode (Corporate Finance)	+44 20 7894 7000

This information is provided by RNS

The company news service from the London Stock Exchange

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