24 October 2023
Tufton Oceanic Assets Limited
("Tufton Oceanic Assets" or the "Company")
Result of Annual General Meeting
Tufton Oceanic Assets announces the results of its Annual General Meeting ("AGM") held at 12:30 p.m. on 24 October 2023. Resolutions 1-11 inclusive were duly passed by way of a poll.
The full results of the AGM were as follows:
| ORDINARY RESOLUTIONS | FOR | AGAINST | TOTAL VOTES | % OF ISSUED SHARE CAPITAL VOTED | VOTES WITHHELD* | ||
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| Votes | % | Votes | % | |||
| 1. Ordinary
| 139,137,473 | <99.99 | 1,471 | >0.01 | 139,138,944 | 47.20 | 7,721 |
| 2. Ordinary
| 139,071,579 | 99.95 | 70,391 | 0.05 | 139,141,970 | 47.20 | 4,695 |
| 3. Ordinary
| 139,127,133 | 99.99 | 7,186 | 0.01 | 139,134,319 | 47.20 | 12,346 |
| 4. Ordinary
| 139,084,783 | 99.97 | 46,311 | 0.03 | 139,131,094 | 47.20 | 15,571 |
| 5. Ordinary
| 132,193,896 | 95.02 | 6,927,388 | 4.98 | 139,121,284 | 47.19 | 25,381 |
| 6. Ordinary
| 139,110,420 | 99.99 | 10,864 | 0.01 | 139,121,284 | 47.19 | 25,381 |
| 7. Ordinary
| 139,110,420 | 99.99 | 10,864 | 0.01 | 139,121,284 | 47.19 | 25,381 |
| 8. Ordinary
| 139,110,420 | 99.99 | 12,195 | 0.01 | 139,122,615 | 47.19 | 24,050 |
| 9. Ordinary
| 139,131,259 | 99.99 | 10,711 | 0.01 | 139,141,970 | 47.20 | 4,695 |
| 10. Ordinary
| 139,141,970 | 100.00 | 0 | 0.00 | 139,141,970 | 47.20 | 4,695 |
| 11. Extraordinary
| 137,675,185 | 98.96 | 1,448,058 | 1.04 | 139,123,243 | 47.19 | 23,422 |
*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.
As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 294,782,541.
A copy of the full text of Extraordinary Resolution 11 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
| Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Paulo Almeida | +44 (0) 20 7518 6700 |
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| Singer Capital Markets James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales) | +44 (0) 20 7496 3000 |
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| Hudnall Capital LLP Andrew Cade | +44 (0) 20 7520 9085 |
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company's investment manager is Tufton Investment Management Ltd. The Company has raised a total of approximately $316.5m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange on 20 December 2017 and subsequent capital raises.
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