REG - Rolls-Royce Holdings - Completion of sale of stake in AirTanker Holdings

Rolls-Royce HoldingsAnnouncement

10/02/2022 07:00

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RNS Number : 2212B  Rolls-Royce Holdings plc  10 February 2022

10 February 2022

 

ROLLS-ROYCE COMPLETES SALE OF STAKE IN AIRTANKER HOLDINGS

 

Rolls-Royce (LSE:RR., ADR:RYCEY) announces the completion of the sale of our
23.1% shareholding in AirTanker Holdings Limited to Equitix Investment
Management Limited for cash proceeds of £189m. The completion of the
transaction, which was announced on 13 September 2021, follows clearance from
the relevant regulatory authorities. Proceeds from the transaction will be
used to help rebuild the Rolls-Royce balance sheet in support of our
medium-term ambition to return to an investment grade credit profile.

 

AirTanker Holdings Limited owns 14 A330-200 Voyager aircraft which are powered
by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager
aircraft support air-to-air refuelling, air transport and ancillary services
for the UK Ministry of Defence. This fleet is operated by AirTanker Services
Limited, in which we will continue to be a 23.5% shareholder. We will also
continue to provide servicing and maintenance for the fleet of Rolls-Royce
engines that power the Voyager aircraft to support the Royal Air Force.

 

For further information, please contact:

 
Media

Richard Wray

Director of External Communications & Brand, Rolls-Royce plc

Tel +44 (0) 7810 850055

Richard.Wray@Rolls-Royce.com

 

Investors

Isabel Green

Head of Investor Relations, Rolls-Royce plc

Tel +44 (0) 7880 160976

Isabel.Green@Rolls-Royce.com

 

www.rolls-royce.com (http://www.rolls-royce.com)

 

About Rolls-Royce Holdings plc

 

1.   Rolls-Royce pioneers the power that matters to connect, power and
protect society. We have pledged to achieve net zero greenhouse gas emissions
in our operations by 2030 (excluding product testing) and joined the UN Race
to Zero campaign in 2020, affirming our ambition to play a fundamental role in
enabling the sectors in which we operate achieve net zero carbon by 2050.

2.   Rolls-Royce has customers in more than 150 countries, comprising more
than 400 airlines and leasing customers, 160 armed forces and navies, and more
than 5,000 power and nuclear customers.

3.   Annual underlying revenue was £11.76 billion in 2020 and we invested
£1.25 billion on research and development. We also support a global network
of 28 University Technology Centres, which position Rolls-Royce engineers at
the forefront of scientific research.

4.     Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR:
RYCEY, LEI: 213800EC7997ZBLZJH69)

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