DORIC NIMROD AIR TWO LIMITED
Mar 19, 2024  

WELCOME TO DORIC NIMROD AIR TWO LIMITED



Doric Nimrod Air Two Limited ("DNA2" or the "Company") is a Guernsey domiciled, limited liability company which listed on the Specialist Fund Market of the London Stock Exchange on 14 July 2011 (LSE:DNA2).

DNA2's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft.

DNA2 will purchase three Airbus A380-861 aircraft, which it intends to lease to Emirates Airlines, the national carrier owned by the Investment Corporation of Dubai, based in Dubai, United Arab Emirates. The Company will have the ability to acquire additional aircraft if in the view of the Board the acquisition of such additional aircraft would not have an adverse material effect on the Company's target income distributions.

DNA2 will seek to provide investors with income and capital returns through investment in the assets.

DNA2 will receive income from the leases and its directors intend to target a gross distribution to shareholders of 1.5 pence per share for first dividend (after costs and payment of any fees).

Once the first asset and the second asset have been acquired and leased, the Company will target a distribution to investors of 3.00 pence per Share per quarter.

Once the first asset, second asset and third asset have been acquired and leased, the Company will target a distribution to shareholders of 4.5 pence per share per quarter (amounting to a yearly distribution of 9% based on initial placing price of 200 pence per share).

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Bloomberg.com