30 September 2024
Tufton Oceanic Assets Limited (the "Company")
Director's Dealing
Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:
The Company was notified on 27 September 2024 of the following director's dealings:
Mr Robert King, Chairman of the Company, purchased 9,190 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of USD1.29789 per Ordinary Share. Following this transaction, Robert King has a beneficial interest in 65,000 Ordinary Shares representing 0.024% of the total Ordinary Shares in issue.
Mrs Christine Rødsæther, Non-Executive Director of the Company, purchased 10,000 Ordinary Shares at a price of USD1.30000 per Ordinary Share. Following this transaction, Christine Rødsæther has a beneficial interest in 37,906 Ordinary Shares representing 0.014% of the total Ordinary Shares in issue.
Mr Paul Barnes, Non-Executive Director of the Company, purchased 14,000 Ordinary Shares at a price of GBP0.96992 per Ordinary Share. Following this transaction, Paul Barnes has a beneficial interest in 18,651 Ordinary Shares representing 0.007% of the total Ordinary Shares in issue.
Mr Steve Le Page, Non-Executive Director of the Company, purchased 5,650 Ordinary Shares at a price of USD1.305 per Ordinary Share. Following this transaction, Steve Le Page has a beneficial interest in 44,037 Ordinary Shares representing 0.016% of the total Ordinary Shares in issue.
Mrs Trina Le Noury, Non-Executive Director of the Company, purchased 5,349 Ordinary Shares at a price of USD1.29791 per Ordinary Share. Following this transaction, Trina Le Noury has a beneficial interest in 10,000 Ordinary Shares representing 0.004% of the total Ordinary Shares in issue.
Details of the transaction can be found in the Notification of Dealing Forms below.
For further information, please contact:
| Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Nicolas Tirogalas
| Tel: +44 (0) 20 7518 6700 |
| Singer Capital Markets James Maxwell, Alex Bond, Jalini Kalaravy (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)
| Tel: +44 (0) 207 496 3030 |
| Hudnall Capital LLP Andrew Cade
| Tel: +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.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mr Robert King | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chairman | |||
| 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 | Ordinary Shares of NPV | |||
| | | ||||
| Identification code | GG00BDFC1649 | ||||
| | | ||||
| b)
| Nature of the transaction
| Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | USD1.29789 | 9,190 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 9,190 | ||||
| | | ||||
| - Price | USD11,927.61 | ||||
| | | ||||
| e)
| Date of the transaction
| 27 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mrs Christine Rødsæther | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| 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 | Ordinary Shares of NPV | |||
| | | ||||
| Identification code | GG00BDFC1649 | ||||
| | | ||||
| b)
| Nature of the transaction
| Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | USD1.30000 | 10,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 10,000 | ||||
| | | ||||
| - Price | USD13,000.00 | ||||
| | | ||||
| e)
| Date of the transaction
| 27 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mr Paul Barnes | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| 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 | Ordinary Shares of NPV | |||
| | | ||||
| Identification code | GG00BDFC1649 | ||||
| | | ||||
| b)
| Nature of the transaction
| Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.96992 | 14,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 14,000 | ||||
| | | ||||
| - Price | £13,578.88 | ||||
| | | ||||
| e)
| Date of the transaction
| 27 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mr Steve Le Page | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| 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 | Ordinary Shares of NPV | |||
| | | ||||
| Identification code | GG00BDFC1649 | ||||
| | | ||||
| b)
| Nature of the transaction
| Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | USD1.305 | 5,650 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 5,650 | ||||
| | | ||||
| - Price | USD7,373.25 | ||||
| | | ||||
| e)
| Date of the transaction
| 27 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mrs Trina Le Noury | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| 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 | Ordinary Shares of NPV | |||
| | | ||||
| Identification code | GG00BDFC1649 | ||||
| | | ||||
| b)
| Nature of the transaction
| Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | USD1.29791 | 5,349 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 5,349 | ||||
| | | ||||
| - Price | USD6,942.52 | ||||
| | | ||||
| e)
| Date of the transaction
| 27 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
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