Doric Nimrod Air Two Issues £200 Million of Shares to buy four more A380s

Nimrod Capital and Doric Asset Finance have succeeded in listing of a further £200 million of C shares on the London Stock Exchange today under the Doric Nimrod Air Two Limited (DNA2) vehicle. DNA2 now has a market capitalisation of £360 million. It aims to pay a quarterly dividend equivalent to 9% per annum (based on the issue price of 200 pence per share) following the purchase and leasing of a further four Airbus A380 planes to Emirates, in addition to the three it contracted to buy last year. DNA2 shares are now trading at 221 pence compared to the