Triyards Holding News

BMT Group subsidiary BMT Nigel Gee (BMT) said it has secured a new project to design an 85-meter steel-hulled catamaran RoPax ferry for Strategic Marine, a subsidiary of Triyards Holding Limited. The ferry is for Scottish ferry operator Pentland Ferries, and BMT will be responsible for concept through to production design, working closely with Strategic Marine. The vessel will replace Pentalina that has been operating on the route from the Scottish mainland to the Orkney Islands since 2008.

The Board of Directors of Triyards Holdings Limited refers to the Company’s announcements dated 17 September 2014 and 25 September 2014  relating to the placement of up to 29,500,000 new ordinary shares in the capital of the Company. Unless otherwise defined, all capitalised terms used herein bear the same meanings as in the Announcements. The Board is pleased to announce that the completion of the Placement has taken place today in accordance with the terms and conditions as set out in the Placement Agreement and 29,500,000 Placement Shares have been allotted and issued. Following the completion of the Placement, the Company’s issued and paid up share capital has increased from 295,008,913 Shares to 324,508,913 Shares.