REG - Ocean Wilsons Hldgs - Update on sale of interest in Wilson Sons S.A.

Ocean Wilsons HoldingsAnnouncement

20/05/2025 13:00

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RNS Number : 4460J  Ocean Wilsons Holdings Ltd  20 May 2025

20 May 2025

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

 

FOR IMMEDIATE RELEASE

 

Ocean Wilsons Holdings Limited

 

("Ocean Wilsons" or the "Company")

 

Update on sale of interest in Wilson Sons S.A. - satisfaction of conditions

 

Further to the Company's announcements on 21 October 2024 and 20 March 2025
regarding the agreed sale by its wholly-owned subsidiary, OW Overseas
(Investments) Limited, of its 56% interest in Wilson Sons S.A. ("Wilson Sons")
to SAS Shipping Agencies Services Sàrl, a wholly-owned subsidiary of MSC
Mediterranean Shipping Company S.A. (the "Transaction"), the Company is
pleased to provide an update on the Transaction.

 

As previously announced, completion of the Transaction is conditional on the
receipt of applicable regulatory clearances and the satisfaction of other
conditions precedent, as described in Appendix V to the Company's announcement
on 21 October 2024 (the "Conditions"). Following the approval of the
Transaction by the Brazilian Administrative Council for Economic Defense
(Conselho Administrativo de Defesa Econômica - CADE), which became final and
definitive on 3 April 2025, the approval of the Transaction by the Brazilian
National Waterway Transportation Agency (Agência Nacional de Transportes
Aquaviários - ANTAQ) (the "ANTAQ Condition") was formally published earlier
today. The ANTAQ Condition was the final Condition to be satisfied in relation
to the Transaction. The Company is therefore pleased to confirm that all
Conditions have now been satisfied, ahead of the originally anticipated
timeline.

 

Accordingly, completion of the Transaction is now expected to occur on or
around 4 June 2025.  The Company will make a further announcement in due
course to confirm, inter alia, completion of the Transaction and the quantum
of the net proceeds actually received from it.

 

 

About Ocean Wilsons

 

Ocean Wilsons is a Bermuda investment holding company listed on both the
London Stock Exchange and the Bermuda Stock Exchange. The Group comprises two
primary investments, Ocean Wilsons (Investments) Limited, an entity that
holds an actively managed diversified portfolio of international investments,
and Wilson Sons.

 

LEI: 213800U1K395G8PK4I21

 

About Wilson Sons

 

Wilson Sons is listed on the B3 Brazilian stock exchange (B3 S.A. - Brasil,
Bolsa, Balcão) and is one of the largest providers of maritime services in
Brazil with activities including towage, container terminals, offshore oil and
gas support services, small vessel construction, logistics and ship agency.
Wilson Sons has a presence in most major ports in Brazil.

 

Wilson Sons is led by its CEO, Fernando Salek, and overseen by its board of
directors.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT

 

 

 Ocean Wilsons Holdings Limited                                 +1 (441) 295 1309
 Leslie Rans

 Peel Hunt LLP - Financial Adviser and Broker to Ocean Wilsons  +44 (0) 207 418 8900
 Ed Allsopp
 Charles Batten
 Tom Graham

 

 

IMPORTANT NOTICES

 

No statement in this announcement is intended as a profit forecast and no
statement in this announcement should be interpreted to mean that the future
earnings per share, profits, margins or cash flows of Ocean Wilsons following
the Transaction will necessarily match or be greater than the historical
published earnings per share, profits, margins or cash flows of Ocean Wilsons.

 

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their negative or other
variations or comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking statements may
and often do differ materially from actual results. Any forward-looking
statements reflect Ocean Wilsons' current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to Ocean Wilsons' business, results of
operations, financial position, liquidity, prospects, growth and strategies.
Forward-looking statements speak only as of the date they are made.

 

You are advised to read this announcement in its entirety and the Company's
other disclosures (including, without limitation, its annual report in respect
of the year ended 31 December 2024) for a further discussion of the factors
that could affect the Group's future performance. In light of these risks,
uncertainties and assumptions, the events described in the forward-looking
statements in this announcement may not occur.

 

This announcement does not constitute and should not be construed as, an offer
to purchase or sell or issue securities, or otherwise constitute an
inducement, invitation, commitment, solicitation or recommendation to any
person to purchase, subscribe for, or otherwise acquire securities in Ocean
Wilsons, or constitute an inducement to enter into any investment activity in
any jurisdiction. Nothing contained in this announcement is intended to, nor
shall it, form the basis of, or be relied on in connection with, any contract
or commitment whatsoever and, in particular, must not be used in making any
investment decision.

 

The distribution of this announcement in or from certain jurisdictions may be
restricted or prohibited by the laws of any jurisdiction other than the UK.
Recipients of this announcement are required to inform themselves of, and
comply with, all restrictions or prohibitions in such other jurisdictions. Any
failure to comply with applicable requirements may constitute a violation of
the laws and/or regulations of such other jurisdictions.

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively as financial adviser and broker to
Ocean Wilsons and for no one else in connection with the matters referred to
in this announcement and will not be responsible to any person other than
Ocean Wilsons for providing the protections afforded to clients of Peel Hunt,
nor for providing advice in relation to the matters referred to herein.
Neither Peel Hunt nor any of its affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Peel Hunt in connection with the matters referred to in this
announcement, or otherwise.

 

Save as required by the Market Abuse Regulation, the Disclosure Guidance and
Transparency Rules, the UK Listing Rules or by applicable law, each of Ocean
Wilsons, Peel Hunt and their respective affiliates and representatives
expressly disclaim any intention, obligation or undertaking to update, review
or revise any of the information or the conclusions contained herein,
including forward-looking or other statements contained in this announcement,
or to correct any inaccuracies which may become apparent whether as a result
of new information, future developments or otherwise.

 

 

ENDS

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