08 February 2024
Tufton Oceanic Assets Limited
("Tufton Oceanic Assets" or the "Company")
Tufton Principals Increase Shareholdings
The Company notes that principals and staff of its Investment Manager, Tufton Investment Management Ltd ("Tufton"), acquired 225,000 ordinary shares in the capital of the Company on 7 February 2024. Tufton Shareholders* now hold directly or beneficially 12,169,702 shares compared with 11,210,831 shares as at 30 June 2023. Tufton Shareholders now hold 4.2% of the issued share capital in the Company compared with 3.7% as at 30 June 2023.
* Principal shareholders, employees, non-executive directors and former shareholders
For further information, please contact:
| Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Nicolas Tirogalas | +44 (0) 20 7518 6700 |
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| Singer Capital Markets James Maxwell, Alex Bond, Angus Campbell (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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