20 February 2025
Taylor Maritime Limited (the "Company")
Director/PDMR Shareholding
The Company announces the vesting of ordinary shares in the capital of the Company ("Ordinary Shares") awarded to Alexander Slee (Deputy Chief Executive Officer) and Camilla Pierrepont (Chief Strategy Officer) as follows:
| Director/PDMR | Ordinary Shares Acquired | Price per Ordinary Share | Total Holding following Acquisition | % of the Company's issued share capital now held |
| Alexander Slee | 430,500 | Nil | 487,396 | 0.148% |
| Camilla Pierrepont | 436,000 | Nil | 628,929 | 0.190% |
The relevant notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
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
| Alexander Slee | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Deputy Chief Executive Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Taylor Maritime Limited | |||
| b)
| LEI
| 213800FELXGYTYJBBG50 | |||
| 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 | |||
| | | ||||
| Identification code (ISIN) | GG00BP2NJT37 | ||||
| | | ||||
| b)
| Nature of the transaction
| Receipt of vested award shares transferred from the Company's Employee Benefit Trust. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | $Nil | 430,500 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 430,500 | ||||
| - Total Price | Nil | ||||
| | | ||||
| e)
| Date of the transaction
| 20 February 2025
| |||
| f)
| Place of the transaction
| London Stock Exchange (off market)
| |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Camilla Pierrepont | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Strategy Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Taylor Maritime Limited | |||
| b)
| LEI
| 213800FELXGYTYJBBG50 | |||
| 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 | |||
| | | ||||
| Identification code (ISIN) | GG00BP2NJT37 | ||||
| | | ||||
| b)
| Nature of the transaction
| Receipt of vested award shares transferred from the Company's Employee Benefit Trust. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil | 436,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 436,000 | ||||
| - Total Price | Nil | ||||
| | | ||||
| e)
| Date of the transaction
| 18 February 2025
| |||
| f)
| Place of the transaction
| London Stock Exchange (off market)
| |||
ENDS
| For further information, please contact:
| | ||||||
| | |
Notes to Editors
About the Company
Taylor Maritime Limited (formerly Taylor Maritime Investments Limited) is a shipping company listed under the equity shares (commercial companies) category of the Official List, with its shares trading on the Main Market of the London Stock Exchange since May 2021. Between May 2021 and February 2025, the Company was listed under the closed-ended investment funds category of the Official List. The Company's strategy is focused upon providing investors with an attractive level of regular, stable, growing income, and the potential for capital growth. The Group engages in shipping activities, optimising earnings from safely operating and trading the fleet under an enhanced strategy, using a mix of time charter, voyage, and CoA cargo cover.
The Company, through its subsidiaries, currently has an owned fleet of 30 dry bulk vessels consisting of 20 Handysize vessels and 10 Supra/Ultramax vessels (including one vessel under JV agreement). The Company also has six vessels in its chartered in fleet. The ships are employed utilising a variety of employment/charter strategies.
The Company's target dividend policy is 8 cents p.a. paid on a quarterly basis.
For more information, please visit www.taylormaritime.com.
About Geared Vessels
Geared vessels are characterised by their own cargo loading and discharging equipment. The Handysize and Supra/Ultramax market segments are particularly attractive, given the flexibility, versatility and port accessibility of these vessels which carry necessity goods - principally food and products related to infrastructure building - ensuring broad diversification of fleet activity and stability of earnings through the cycle.
IMPORTANT NOTICE
The information in this announcement may include forward-looking statements, which are based on the current expectations and projections about future events and in certain cases can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target", "believe" (or the negatives thereon) or other variations thereon or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company, including, among other things, the development of its business, trends in its operating industry, and future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.
References to target dividend yields and returns are targets only and not profit forecasts and there can be no assurance that these will be achieved.
LEI: 213800FELXGYTYJBBG50
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