Nautilus Marine Services Limited, announces that, further to the announcement on 5 June that it had entered into a sale and marketing contract with M&E Partners LLC and Dixon Marine Consulting, Ltd. in relation to its six offshore service vessels and related equipment (the “Assets”) pursuant to which the Assets were offered for sale at an online auction on 28 June 2019, it has sold these assets for cash proceeds of $1.6 million, resulting in a total loss on disposal of approximately $6 million. As a result of this sale, Nautilus no longer holds any offshore service assets.



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Nautilus Marine Services Limited