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Doric Nimrod Air One Limited ( DNA or the Company ) is a Guernsey company incorporated on 8 October 2010. Its shares were admitted to trading on the Specialist Fund Segment ( SFS ) of the London Stock Exchange s Main Market on 13 December 2010. The Company s total issued share capital currently consists of 42,450,000 ordinary preference shares (the Shares ) which were admitted to trading at an issue price of 100 pence per share. As at 4 December 2020 , the latest practicable date prior to publication of this report, these Shares were trading at 38.0 pence per share. Investment Objectives and Policy The Company s investment objective is to obtain income returns and a capital return for its shareholders (the Shareholders ) by acquiring, leasing and then selling a single aircraft. The Company purchased one Airbus A380-861 aircraft, manufacturer s serial number 016 (the Asset or the Aircraft
Please note that the Group has determined that the operating leases on the Assets are for 12 years based on an initial term of 10 years followed by an exercised extension term of two years. Doric Nimrod Air Two Limited ( DNA2 or the Company ) is a Guernsey company incorporated on 31 January 2011. Pursuant to the Company s prospectus dated 30 June 2011, the Company, on 14 July 2011, raised approximately £136 million by the issue of 72,500,000 ordinary preference shares (the Placing ). The nominal value of the issued shares was 200 pence per share. The Company s ordinary preference shares were admitted to trading on the Specialist Fund Segment ( SFS ) of the London Stock Exchange s Main Market on 14 July 2011.