RNS Number : 6553A
Tufton Oceanic Assets Ltd.
15 August 2024
 

15 August 2024

 

Tufton Oceanic Assets Limited

(The "Company")

Director / PDMR Shareholding

Further to the announcement on 15 August 2024 in relation to the compulsory redemption of the Company's ordinary shares, Robert King, Steve Le Page, Christine Rødsaether, Trina Le Noury and Paul Barnes have each had Shares redeemed. The table below indicates their revised respective holdings:

Shareholder

Previous position

No. of shares redeemed

New position

% ISC

Robert King

60,000

4,189

55,811

0.021%

Steve Le Page

41,268

2,881

38,387

0.014%

Christine Rodsaether

30,000

2,094

27,906

0.010%

Trina Le Noury

5,000

349

4,651

0.002%

Paul Barnes

5,000

349

4,651

0.002%

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

Robert King

2

Reason for the notification

(a)

Position/status

Director of Tufton Oceanic Assets Limited

(b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Tufton Oceanic Assets Limited

(b)

LEI

213800L1N2V3FVNOSY44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of NPV 

 

 

GG00BSFVPB94

(b)

Nature of the transaction

Compulsory partial redemption

(c)

Price(s) and volume(s)

Price (USD)

Quantity

1.550

           4,189


(d)

Aggregated Information, Aggregated volume, Prices

Aggregated volume: 4,189 ordinary shares

Volume weighted average price: US$1.550

(e)

Date of the transaction

14 August 2024

(f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

Steve Le Page

2

Reason for the notification

(a)

Position/status

Director of Tufton Oceanic Assets Limited

(b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Tufton Oceanic Assets Limited

(b)

LEI

213800L1N2V3FVNOSY44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of NPV 

 

 

GG00BSFVPB94

(b)

Nature of the transaction

Compulsory partial redemption

(c)

Price(s) and volume(s)

Price (USD)

Quantity

1.550

           2,881


(d)

Aggregated Information, Aggregated volume, Prices

Aggregated volume: 2,881 ordinary shares

Volume weighted average price: US$1.550

(e)

Date of the transaction

14 August 2024

(f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

Christine Rodsaether

2

Reason for the notification

(a)

Position/status

Director of Tufton Oceanic Assets Limited

(b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Tufton Oceanic Assets Limited

(b)

LEI

213800L1N2V3FVNOSY44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of NPV 

 

 

GG00BSFVPB94

(b)

Nature of the transaction

Compulsory partial redemption

(c)

Price(s) and volume(s)

Price (USD)

Quantity

1.550

           2,094


(d)

Aggregated Information, Aggregated volume, Prices

Aggregated volume: 2,094 ordinary shares

Volume weighted average price: US$1.550

(e)

Date of the transaction

14 August 2024

(f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

Trina Le Noury

2

Reason for the notification

(a)

Position/status

Director of Tufton Oceanic Assets Limited

(b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Tufton Oceanic Assets Limited

(b)

LEI

213800L1N2V3FVNOSY44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of NPV 

 

 

GG00BSFVPB94

(b)

Nature of the transaction

Compulsory partial redemption

(c)

Price(s) and volume(s)

Price (USD)

Quantity

1.550

           349


(d)

Aggregated Information, Aggregated volume, Prices

Aggregated volume: 349 ordinary shares

Volume weighted average price: US$1.550

(e)

Date of the transaction

14 August 2024

(f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

Paul Barnes

2

Reason for the notification

(a)

Position/status

Director of Tufton Oceanic Assets Limited

(b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Tufton Oceanic Assets Limited

(b)

LEI

213800L1N2V3FVNOSY44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of NPV 

 

 

GG00BSFVPB94

(b)

Nature of the transaction

Compulsory partial redemption

(c)

Price(s) and volume(s)

Price (USD)

Quantity

1.550

           349


(d)

Aggregated Information, Aggregated volume, Prices

Aggregated volume: 349 ordinary shares

Volume weighted average price: US$1.550

(e)

Date of the transaction

14 August 2024

(f)

Place of the transaction

London Stock Exchange

 

For further information, please contact:

 

Tufton Investment Management Ltd (Investment Manager)

Andrew Hampson

Nicolas Tirogalas

                +44 (0) 20 7518 6700

 

 

Singer Capital Markets Advisory LLP

James Maxwell, Alex Bond, Jalini Kalaravy (Corporate Finance)

Alan Geeves, James Waterlow, Sam Greatrex (Sales)

               +44 (0) 20 7496 3000

 

 

Hudnall Capital LLP

Andrew Cade

                 +44 (0) 20 7520 9085

 

LEI: 213800L1N2V3FVNOSY44

A copy of this announcement will be available on the Company's website at https://www.tuftonoceanicassets.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.  

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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