Ocean Wilsons Holdings Ltd Response to media speculation (3278C)

TIDMOCN

RNS Number : 3278C

Ocean Wilsons Holdings Ltd

12 June 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Ocean Wilsons Holdings Limited

(the "Group" or the "Company")

Response to media speculation

The Board notes recent Brazilian media speculation to the effect that the Company is negotiating the sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons").

The Company confirms that it is undertaking a strategic review involving the Company's investment in Wilson Sons. That review, which will consider all potential strategic options, is currently at an early stage and there can be no certainty as to its outcome.

The Company has not received any formal proposals from any third party with regard to a potential transaction involving Wilson Sons.

A subsequent announcement will be made as required.

For further information, please contact:

 
Ocean Wilsons Holdings Limited        Tel: +1 (441) 295 1309 
 Leslie Rans 
Peel Hunt LLP - Financial adviser  Tel: +44 (0) 20 7418 8900 
 and broker 
 Charles Batten 
 Ed Allsopp 
 Ben Harrington

The person responsible for arranging the release of this announcement on behalf of Ocean Wilsons is Leslie Rans.

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END

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June 12, 2023 02:00 ET (06:00 GMT)

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