REG - Amedeo Air Four Plus - AA4P Alpha (MSN157) Redelivery Condition

Amedeo Air Four PlusAnnouncement

14/01/2025 16:30

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RNS Number : 3110T  Amedeo Air Four Plus Limited  14 January 2025

This announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms
part of domestic law in the United Kingdom pursuant to The European Union
Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

14 January 2025

 

AMEDEO AIR FOUR PLUS LIMITED (the "Company")

(LSE: AA4, LEI: 21380056PDNOTWERG107)

 

ASSET UPDATE: REDELIVERY CONDITION SIDE LETTER

 

Overview

Amedeo Air Four Plus Limited (the "Company") is a Guernsey domiciled company
with shares admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market.

 

AA4P Alpha (MSN157) Redelivery Condition Side Letter

 

The Company, via its wholly owned subsidiary AA4P Alpha Limited (the
"Subsidiary") has received notice from Emirates that it is exercising the
option to enable it to redeliver the Airbus A380-861 aircraft bearing
manufacturer's serial number 157 (registration A6-EEY, the "Aircraft") in the
minimum condition equivalent to "half-life" together with a cash sum, as
opposed to delivery in full-life condition. In the event the Aircraft is
returned to the Subsidiary, Emirates will pay the sum of USD 17,000,000 to the
Subsidiary, in addition to the normal monetary compensation arrangements, on
or prior to the lease expiry date. The lease expiry date for the Aircraft,
bearing manufacturer's serial number 157 (registration A6-EEY), is 4 September
2026.

 

The Board notes that the above does not preclude the Company from considering
lease extension, sale or re-lease options for the Aircraft with Emirates or
other counterparties.

 

This announcement has been released by JTC Fund Solutions (Guernsey) Limited,
Company Secretary on behalf of the Company.

 

For further information, please contact:

JTC Fund Solutions (Guernsey) Limited

+44 (0) 1481 702 400

Panmure Liberum Limited

Chris Clarke / Darren Vickers

+44 (0) 20 3100 2000

Link Asset Services

+44 (0) 3716 640 300

About the Company

The Company is a Guernsey-domiciled company, with shares admitted to trading
on the Specialist Fund Segment of the London Stock Exchange's Main Market
(LSE: AA4).

The Company's investment objective is to obtain income returns and a capital
return for its Shareholders by acquiring, leasing and then selling aircraft.

 

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