Director/PDMR Shareholding

RNS Number : 3627A

Taylor Maritime Investments Limited

01 February 2022

 

1 February 2022

Taylor Maritime Investments Limited (the "Company")

Director/PDMR Shareholding

The Company announces that Christopher Buttery has purchased 50,000 ordinary shares in the capital of the Company ("Ordinary Shares") as follows:

Director/PDMR	Ordinary Shares Acquired	Price per Ordinary Share (USD)	Total Holding following Purchase	% of the Company's issued share capital now held
Christopher Buttery	50,000	1.30	224,000	0.068

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	Christopher Buttery
2	Reason for the notification
a)	Position/status	Director
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 Investments 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 USD shares
	Identification code (ISIN)	GG00BP2NJT37
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			US$1.30 per share	50,000
d)	Aggregated information
	- Aggregated volume	50,000
	- Total Price	US$65,000
e)	Date of the transaction	28 January 2022
f)	Place of the transaction	London Stock Exchange

For further information, please contact:

Taylor Maritime Investments Limited    Edward Buttery  Alexander Slee	[phone] [e-mail]
Jefferies International Limited Investment Banking Stuart Klein Gaudi Le Roux Sector coverage Doug Mavrinac Hugh Eden	[phone]
Buchanan
Charles Ryland Henry Wilson Hannah Ratcliff	[phone] [phone] [phone]
Sanne Fund Services (Guernsey) Limited Tom Daish Matt Falla	[phone]

About the Company  

Taylor Maritime Investments Limited is a recently established, internally managed investment company listed on the Premium Segment of the Official List and traded on the Main Market of the London Stock Exchange. The Company invests in a diversified portfolio of vessels which are primarily second-hand and which, historically, have demonstrated average yields in excess of the Company's target dividend yield of 7% p.a. (on the Initial Issue Price).

The Company's initial investments comprise Geared Ships (Handysize and Supramax types) employed utilising a variety of employment/Charter strategies.

The Company intends to pay dividends on a quarterly basis with dividends declared in January, April, July and October. The Company targets a Total NAV Return of 10 to 12% p.a. (net of expenses and fees but excluding any tax payable by Shareholders) over the medium to long-term.

The Company has the benefit of an experienced Executive Team led by Edward Buttery. The Executive Team have to date worked closely together for the Commercial Manager, Taylor Maritime. Established in 2014, Taylor Maritime is a privately owned ship-owning and management business with a seasoned team that includes the founders of dry bulk shipping company Pacific Basin Shipping (listed in Hong Kong 2343.HK) and gas shipping company BW Epic Kosan (formerly Epic Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of experienced industry professionals are based in Hong Kong and London.

For more information, please visit www.taylormaritimeinvestments.com .

 

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