Investors mark Caverton Offshore support for profit-taking over crashed aircraft

Investors profit-taking mar Caverton Offshore Support Group plc performance on Friday, dropping by 1.64per cent or N0.02 per share over its DHC 6-400 aircraft with registration TJ-TIM that crashed in Cameroon.

The aircraft, owned by Caverton Aviation Cameroon, an associate company of Caverton Offshore Support Group Plc, was reported missing at 16:15pm local time in Cameroon on Wednesday, May 11, 2022.

The Company Secretary, Caverton Offshore Support Group, Amaka Obiora, in a statement on the Nigerian Exchange Limited (NGX), said: “In conjunction with the Cameroonian authorities, emergency response teams were promptly deployed to the last known location of the aircraft which had two pilots and nine passengers on board. Unfortunately, no survivors were found at the scene.

“We continue to work closely with the relevant authorities in Cameroon as they carry out their causative enquiry. The board and management are deeply saddened by this incident and extend its heartfelt condolences to the families who have been affected.”

“We would like to continue to reassure our various stakeholders of the Caverton Group’s unwavering commitment to safety in all of our operations.”