18th Feb 2021 15:51
Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Enters agreement with Nimrod Capital LLP to terminate Nimrod's appointment as sole corporate and shareholder advisor to Amedeo. The deal is effective from January 31, 2021 and also involves settling "outstanding matters between" the two firms.
Under the termination agreement, Amedeo will pay GBP9.5 million and issue 6.0 million new shares to Nimrod, completely settling all contractual obligations to Nimrod. Nimrod, in turn, has agreed not to dispose of these shares for a 12 month period.
Amedeo says: "The company thanks Nimrod for its contribution to the company since its inception, and Nimrod wishes the company well over the years to come."
Current stock price: 30.00
Year-to-date change: down 11%
By Anna Farley; [email protected]
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