| Mon 19 Oct 2009, 15:25 | | TRE / MOB - Trencor / Mobile - Trencor`s Textainer to Acquire Containers from |
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MOB TRE
MOB TRE
TRE / MOB - Trencor / Mobile - Trencor`s Textainer to Acquire Containers from
Amficon
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
TRENCOR`S TEXTAINER TO ACQUIRE CONTAINERS FROM AMFICON
We draw attention to the following news release issued by Textainer Group
Holdings Limited, in which Trencor has a 62,3% interest:
"Hamilton, Bermuda, October 19, 2009 - Textainer Group Holdings Limited (NYSE:
TGH) ("Textainer" or "the Company"), the world`s largest lessor of intermodal
containers based on fleet size, today announced that the Company has purchased
31,000 containers (53,000 TEU) it has been managing for Amphibious Container
Leasing Limited ("Amficon"). Approximately thirty-six percent of these
containers are specialty containers, such as flatracks and open tops, with the
balance consisting of dry freight containers. The effective date of this
transaction is October 1, 2009.
"We are pleased to once again take advantage of current industry fundamentals
and enter into another accretive transaction for shareholders," stated John A.
Maccarone, President and CEO of Textainer. "With the purchase of the 31,000
containers, we have increased the ownership portion of our fleet, positioning
Textainer to further increase its profitability. While managing containers
provides distinct benefits, we will continue to seek to utilize our strong
financial flexibility to capitalize on similar opportunities aimed at continuing
to grow our net income." commented Mr. Maccarone.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is the world`s largest lessor of
intermodal containers based on fleet size. We have a total of more than
1.5 million containers, representing over 2.3 million TEU, in our owned and
managed fleet. We lease containers to more than 400 shipping lines and other
lessees. We principally lease dry freight containers, which are by far the most
common of the three principal types of intermodal containers, although we also
lease specialized and refrigerated containers. We have also been one of the
largest purchasers of new containers among container lessors over the last 10
years. We believe we are also one of the largest sellers of used containers,
having sold more than 170,000 containers during the last two years to more than
1,000 customers. We provide our services worldwide via a network of offices and
independent depots.
Contact:
Textainer Group Holdings Limited
Mr. Tom Gallo, 415-658-8227
Investor Relations Director
ir@textainer.com"
Trencor Services (Pty) Ltd
Secretaries to Trencor and Mobile
19 October 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
www.trencor.net
www.mobile-industries.net
Date: 19/10/2009 15:25:57 Produced by the JSE SENS Department.
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