Tufton Oceanic Assets Ltd. Tufton Principals Increase Shareholdings (4750D)

TIDMSHIP TIDMSHPP

RNS Number : 4750D

Tufton Oceanic Assets Ltd.

20 October 2022

Tufton Oceanic Assets Limited

("Tufton Oceanic Assets" or the "Company")

Tufton Principals Increase Shareholdings

The Company notes that principals of its Investment Manager, Tufton Investment Management Ltd ("Tufton"), acquired an additional 613,000 ordinary shares in the capital of the Company in recent months up to and including 19 October 2022. The updated shareholdings are presented below together with the information provided in the Company's Annual Report and Audited Financial Statements as at 30 June 2022.

Ordinary Shares Held Directly or Beneficially:

 
                                         As at 30 June   As at 19 October 2022 
                                                  2022 
 Tufton Group Shareholders (including 
  principals)                                5,375,133               5,988,133 
 Tufton Group Staff                            466,261                 466,261 
 Tufton Group Non-Executive Directors          403,279                 403,279 
 Former Tufton Group Shareholders            3,041,740               3,041,740

For further information, please contact:

 
 Tufton Investment Management Ltd (Investment 
  Manager) 
  Andrew Hampson 
  Paulo Almeida                                                   +44 (0) 20 7518 6700 
 
 Singer Capital Markets 
  James Maxwell, Alex Bond (Corporate Finance) 
  Alan Geeves, James Waterlow, Sam Greatrex 
  (Sales)                                                         +44 (0) 20 7496 3000 
 
 Hudnall Capital LLP 
  Andrew Cade                                                     +44 (0) 20 7520 9085

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.

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