Ocean Wilsons Holdings Ltd Response to Media Speculation
October 17 2024 - 12:25PM
RNS Regulatory News
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
Leslie
Rans
|
Tel: +1 (441) 295
1309
|
|
Peel Hunt LLP -
Financial adviser and broker
Charles
Batten
Ed Allsopp
Tom Graham
|
Tel: +44 (0) 20 7418
8900
|
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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END
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