REG - Ocean Wilsons Hldgs - Response to Media Speculation

Ocean Wilsons HoldingsAnnouncement

17/10/2024 18:30

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RNS Number : 6767I  Ocean Wilsons Holdings Ltd  17 October 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Ocean Wilsons Holdings Limited

("Ocean Wilsons" or the "Company")

Response to media speculation

17 October 2024

 

The Company notes the recent Brazilian media speculation regarding the
potential sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons").
Further to its announcement on 23 August 2024, the Company confirms that
discussions with I Squared Capital Advisers (US) LLC regarding a potential
transaction involving the Company's investment in Wilson Sons have been
interrupted.  The Company is continuing to progress its strategic review
relating to its investment in Wilson Sons and confirms that it is in active
discussions with a third party regarding a potential transaction in respect of
such investment.

There can be no certainty as to the outcome of the strategic review nor as to
the terms of any potential transaction.

A subsequent announcement will be made as required.

 

For further information, please contact:

 Ocean Wilsons Holdings Limited                  Tel: +1 (441) 295 1309
 Leslie Rans
 Peel Hunt LLP - Financial adviser and broker    Tel: +44 (0) 20 7418 8900
 Charles Batten

Ed Allsopp

Tom Graham

The person responsible for arranging the release of this announcement on
behalf of Ocean Wilsons is Leslie Rans, Chief Operating and Financial Officer.

 

 

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