SHIP Tufton Assets Limited

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:

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.