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FISHER(JAMES)& SONS PLC M&A Activity 2021

Jul 1, 2021

5149_tar_2021-07-01_062730c6-7850-405a-8a16-b523817ec943.html

M&A Activity

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National Storage Mechanism | Additional information

RNS Number : 7522D

Fisher (James) & Sons plc

01 July 2021

1 July 2021

James Fisher and Sons plc

Sale of Paladin for US$17.3m

James Fisher and Sons plc ("James Fisher" or the "Group"), the leading marine services provider, announces the sale of Paladin, one of its two Dive Support Vessels, for US$17.3 million to Seamec Ltd.

This announcement is in line with the Group's newly stated capital allocation policy to reduce leverage, in the short term, through the sale of non-core assets.

Contacts

James Fisher and Sons plc Eoghan O'Lionaird, Chief Executive Officer

Duncan Kennedy, Chief Financial Officer
01229 615 400
FTI Consulting Richard Mountain / Susanne Yule 020 3727 1000

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