Wilson Sons Limited Announces Exercise of a Call Option Granted by the Company
RIO DE JANEIRO, Jan. 26, 2011 /PRNewswire/ — Wilson Sons Limited (Bovespa: WSON11 or “Company”) announces to all its shareholders that Intermaritima Terminais Ltda (“Intermaritima”) has exercised a call option granted by the Company to buy 7.5% of the ordinary shares of Tecon Salvador S.A. at a price of R$11,201,625.00 (eleven million, two hundred and one thousand, six hundred and twenty five Brazilian Reais) on the 26th of January 2011. The right of Intermaritima to exercise this option was subject to the Company gaining the right to operate exclusively in the area of Salvador’s Port referred to as “Ponta Norte”.
Intermaritima is an important inland and port logistics operator with activities in the major ports of Bahia state – Salvador, Aratu and Ilheus. This alliance will facilitate the continued growth of Tecon Salvador as well as the exploration of new general and bulk cargo opportunities in Bahia, the sixth largest Brazilian economy according to data from the Brazilian Institute of Geography and Statistics.
About Wilson Sons
Wilson, Sons Limited, through its subsidiaries, is one of Brazil’s largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 173 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. For more information, please visit our website www.wilsonsons.com.br/ri
Legal Advice: This document contains statements that may constitute “forward-looking statements”, based on current opinions, expectations and projections about future events. Such statements are also based on assumptions and analysis made by Wilson, Sons and are subject to market conditions which are beyond the Company’s control. Important factors which may lead to significant differences between real results and these forward-looking statements are: national and international economic conditions; technology; financial market conditions; uncertainties regarding results in the Company’s future operations, its plans, objectives, expectations, intentions; and other factors described in the section entitled “Risk Factors”, available in the Company’s Prospectus, and filed with the Brazilian Securities and Exchange Commission (CVM).
SOURCE WILSON SONS LIMITED