TIDMSHIP
RNS Number : 6837P
Tufton Oceanic Assets Ltd.
20 October 2021
20 October 2021
TUFTON OCEANIC ASSETS LIMITED
("Tufton Oceanic Assets" or the "Company")
Result of Annual General Meeting
Tufton Oceanic Assets announces the results of its Annual
General Meeting ("AGM") held at 11.00 a.m. today. Resolutions 1-11
inclusive were duly passed by way of a poll.
Resolution 12, in respect of the renewal of Director's authority
to issue shares, was not passed. With Resolution 11 being duly
passed by way of a poll, this will allow the Directors, at their
discretion, to allot and issue shares in the Company up to a total
representing 10 per cent. of its Ordinary Shares in issue. However,
with Resolution 12 not passed, this will not allow the Company
authority to issue a further 10 per cent. of Ordinary Shares.
Although resolutions 2 and 9 were passed, the Board notes that
15.74% of votes were received against both resolutions. The Company
intends to speak with the largest shareholders who voted against
these resolutions.
The full results of the AGM are as follows:
RESOLUTIONS TOTAL VOTES % OF ISSUED VOTES WITHHELD*
SHARE CAPITAL
FOR AGAINST VOTED
Votes % Votes %
------------ ------- ----------- ------
1. Ordinary 146,031,744 97.66 3,500,000 2.34 149,531,744 53.30 3,055
------------ ------- ----------- ------ ------------ --------------- ----------------
2. Ordinary 125,989,911 84.26 23,541,833 15.74 149,531,744 53.30 3,055
------------ ------- ----------- ------ ------------ --------------- ----------------
3. Ordinary 149,531,744 100.00 Nil 0.00 149,531,744 53.30 3,055
------------ ------- ----------- ------ ------------ --------------- ----------------
4. Ordinary 149,505,242 99.99 16,521 0.01 149,521,763 53.29 13,036
------------ ------- ----------- ------ ------------ --------------- ----------------
5. Ordinary 149,521,883 100.00 1,000 0.00 149,522,883 53.29 11,916
------------ ------- ----------- ------ ------------ --------------- ----------------
6. Ordinary 146,020,818 97.66 3,502,065 2.34 149,522,883 53.29 11,916
------------ ------- ----------- ------ ------------ --------------- ----------------
7. Ordinary 149,520,818 100.00 2,065 0.00 149,522,883 53.29 11,916
------------ ------- ----------- ------ ------------ --------------- ----------------
8. Ordinary 149,530,744 100.00 1,000 0.00 149,531,744 53.30 3,055
------------ ------- ----------- ------ ------------ --------------- ----------------
9. Ordinary 125,986,679 84.26 23,539,259 15.74 149,525,938 53.29 8,861
------------ ------- ----------- ------ ------------ --------------- ----------------
10. Ordinary 149,526,744 100.00 Nil 0.00 149,526,744 53.29 8,055
------------ ------- ----------- ------ ------------ --------------- ----------------
11. Extraordinary 147,180,391 98.43 2,354,408 1.57 149,534,799 53.30 Nil
------------ ------- ----------- ------ ------------ --------------- ----------------
12. Extraordinary 94,748,647 63.36 54,786,152 36.64 149,534,799 53.30 Nil
------------ ------- ----------- ------ ------------ --------------- ----------------
*A 'vote withheld' is not a vote in law and is not counted
towards the proportion of votes 'for' and 'against' a
resolution.
As at the date of the AGM, the number of ordinary shares in
issue, and therefore the total number of voting rights was
280,571,401.
A copy of the full text of Extraordinary Resolutions 11 and 12
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Tufton Investment Management Ltd +44 (0) 20 7518 6700
Andrew Hampson
Paulo Almeida
Singer Capital Markets +44 (0) 20 7496 3000
James Maxwell, Alex Bond (Corporate
Finance)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales)
Hudnall Capital LLP +44 (0) 20 7520 9085
Andrew Cade
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 $277.5m (gross)
through its Initial Public Offering on the Specialist Fund Segment
of the London Stock Exchange, on 20 December 2017, a subsequent
placing and offer in October 2018, a placing in March 2019, a
placing in September 2019 and tap issues in March and August 2021
.
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END
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