Director/PDMR Shareholding

Tufton Oceanic Assets Ltd.

30 September 2024

 

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: [phone]
Singer Capital Markets James Maxwell, Alex Bond, Jalini Kalaravy (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	Tel: [phone]
Hudnall Capital LLP Andrew Cade	Tel: [phone]

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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