26 October 2023
Tufton Oceanic Assets Limited ("SHIP")
Board Appointment
The Board of Directors of Tufton Oceanic Assets Limited (LSE: SHIP), is pleased to announce the appointment of Trina Le Noury as a non-executive Director of the Company with effect from 1 November 2023.
Trina is an accountant with more than 20 years' experience working in the funds industry. She was previously a director of Hedosophia Services (Guernsey) Limited and served on several of their General Partner company boards. Prior to that, Trina was the office co-head and a director of Apax Partners (Guernsey) Limited and was also a director of the Apax fund General Partner entities. She currently serves on the board of JPEL Private Equity Limited, a London listed investment company, as well as two private companies for a leading global private equity firm. Trina is British and resident in Guernsey.
DIRECTORS' DECLARATIONS PURSUANT TO RULE 9.6.13R OF THE LISTING RULES
As noted above, Trina is currently a Director of London Stock Exchange listed company JPEL Private Equity Limited.
There are no further disclosures required under Rule 9.6.13R of the Listing Rules of the UKLA in respect of Trina Le Noury.
The Board of Directors consider Trina to be independent on appointment per the AIC Code of Corporate Governance.
Robert King, Chairman, commented:
"We are delighted to welcome Trina to the Board of Directors of the Company. She brings a large wealth of relevant experience to the Company and will be a strong addition to our Board."
For further information, please contact:
| Tufton Investment Management Limited (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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