DORIC NIMROD AIR ONE LIMITED
Oct 24, 2018  

DISTRIBUTION POLICY



The Company aims to provide Shareholders with an attractive total return comprising income, from distributions through the period of the Company's ownership of the Asset, and capital, upon the sale of the Asset.

Income distributions


The Company will receive income from the Lease Rental made pursuant to the Lease. The Directors intend to target a gross distribution to Shareholders of 2.25 pence per Share per quarter (after costs and payment of any fees) subject to compliance with applicable laws and regulations. There can be no guarantee that dividends will be paid to Shareholders and, if dividends are paid, as to the timing and amount of any such dividend. It is expected that the first dividend be declared at the end of the Company's first quarter.

Return of capital


If and when the Company is wound-up (pursuant to a Shareholder resolution, including the Liquidation Resolution) the Company intends to return to Shareholders the net capital proceeds upon the eventual sale of the Asset subject to compliance with the Companies Laws (including any applicable requirements of the solvency test contained therein).

While the amount that a sale of the Asset would generate is unknown, the Company, as advised by its asset manager, Doric Asset Finance Limited, believes that the Asset does represent an opportunity for capital growth for Shareholders and the Company is targeting a range of potential asset sale prices depending on the market conditions.

Doric will regularly monitor the valuation of the Asset in the market and consider the most appropriate time for the sale of the Asset. If Doric considers that a more advantageous price may be obtained for the sale of the Asset prior to the term of the Lease expiring, Doric will consult with the Directors. The Directors, in their absolute discretion, may then convene a shareholder meeting in order to propose a Liquidation Resolution to Shareholders in such circumstances.


LATEST NEWS


10.10.18 - Dividend Declaration

10.10.18 - Quarterly Fact Sheet Quarter 3 2018

11.07.18 - Dividend Declaration

11.07.18 - Quarterly Fact Sheet Quarter 2 2018

11.07.18 - Annual Financial Report Announcement

12.04.18 - Quarterly Fact Sheet Quarter 1 2018

12.04.18 - Dividend Declaration

12.04.18 - Dividend Factsheet

11.01.18 - Dividend Declaration

11.01.18 - Quarterly Factsheet

11.01.18 - Quarterly Fact Sheet Quarter 4 2017

15.12.17 - Half Yearly Financial Report to 30 September 2017

11.10.17 - Dividend Declaration

11.10.17 - Quarterly Factsheet

11.10.17 - Quarterly Fact Sheet Quarter 3 2017

15.09.17 - Results of GM

12.07.17 - Quarterly Factsheet

12.07.17 - Dividend Declaration

10.07.17 - Annual Financial Report and Notice of AGM

11.04.17 - Dividend Declaration

11.04.17 - Quarterly Factsheet

11.01.17 - Dividend Declaration

11.01.17 - Quarterly Factsheet

11.01.17 - Quarterly Factsheet Quarter 4 2016

02.12.16 - Half Yearly Financial Report to 30 September 2016

12.10.16 - Dividend Declaration

12.10.16 - Quarterly Fact Sheet

05.10.16 - Annual Financial Report to 31 March 2016

04.10.16 - Results of GM

14.07.16 - Annual Financial Report to 31 March 2016

14.07.16 - Dividend Declaration

13.07.16 - Quarterly Fact Sheet

29.04.16 - Quarterly Fact Sheet

14.04.16 - Dividend Declaration

14.03.16 - Disclosure of Home Member State

06.01.16 - Quarterly Fact Sheet

05.01.16 - Dividend Declaration

25.11.15 - Half Yearly Financial Report

01.10.15 - Quarterly Fact Sheet

01.10.15 - Results of GM

01.10.15 - Dividend Declaration

24.07.15 - Annual Financial Report for the period to 31 March 2015

16.07.15 - Holding in Company

02.07.15 - Dividend Declaration

02.07.15 - Quarterly Fact Sheet

13.05.15 - Director's Other Directorship

28.04.15 - Holding Company

01.04.15 - Dividend Declaration

14.04.15 - Notification of Major Interest in Shares

07.04.15 - Quarterly Fact Sheet

13.02.15 - Half Yearly Financial Report for the period to 30 September 2014

06.01.15 - Quarterly Fact Sheet

06.01.15 - Dividend Declaration

27.11.14 - Final DNA1 Accounts

18.11.14 - Results of General Meeting

14.11.14 - Notification of Major Interest in Shares

14.10.14 - ANN Notice AGM

06.10.14 - REVISED Notice and Form of Proxy

01.10.14 - Quarterly Fact Sheet

01.10.14 - Dividend Declaration – Corrective Announcement

17.09.14 - Change in Directorate

01.09.14 - Proposed Cancellation of Listing on CISEA

04.08.14 - Sale of Shares in the Company

31.07.14 - Annual Financial Report

08.07.14 - Change of name of Administrator and Company Secretary

02.07.14 - Asset Man' report announcement

01.07.14 - Dividend Declaration

01.04.14 - Dividend declaration

04.01.14 - Quarterly Fact Sheet Quarter 1 2014

13.01.14 - Change in Directorate

08.01.14 - Asset Managers report announcement

07.01.14 - Dividend declaration

07.01.14 - Change of Registered Office

07.01.14 - Quarterly Fact Sheet Quarter 4 2013

19.12.13 - DNA1 Half-yearly Financial Report Announcement

18.12.13 - Half Yearly Financial Report for the period to 30 September 2013

25.11.13 - Half-yearly Financial Report Announcement

01.10.13 - Dividend Declaration

01.10.13 - Asset Manager's Report

04.01.13 - Quarterly Fact Sheet Q4 2012

04.01.13 - Dividend Declaration

27.11.12 - Half Yearly Financial Report

11.10.12 - Dividend Declaration

23.8.12 - Notice of General Meeting

21.07.12 - Annual Financial Report Announcement

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