Triyards Holdings seals 100% acquisition of Strategic Marine

Just a day after announcement of proposal.

Triyards Holdings announced the Board announced that the Group has today completed the acquisition of Strategic Marine (S) and Strategic Marine (V), in accordance with the Equity Purchase Agreements.

The Board refers to the Company’s announcements on 17 September 2014, 25 September 2014 and 29 September 2014 in relation to the Placement.The Board updates that, as at the date of this announcement, the Company had utilised approximately 90% of the net proceeds from the Placement for partial payment for the Aggregate Consideration.

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