Tufton Oceanic Assets Ltd. Result of AGM (4122E)

TIDMSHIP TIDMSHPP

RNS Number : 4122E

Tufton Oceanic Assets Ltd.

28 October 2022

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 12:30 p.m. on 27 October 2022. Resolutions 1-11 inclusive were duly passed by way of a poll.

Although resolutions 2 and 5 were passed, the Board notes that 14.90% and 8.30% of votes were received against these resolutions respectively.

The full results of the AGM are as follows:

 
 ORDINARY                     FOR                                    TOTAL         % OF        VOTES 
  RESOLUTIONS                                                        VOTES         ISSUED     WITHHELD* 
                                                                                    SHARE 
                                                                                   CAPITAL 
                                                  AGAINST                           VOTED 
                         Votes        %        Votes        % 
                     ------------  -------  -----------  ------ 
 1. Ordinary          157,993,110   100.00            0       0   157,993,110        51.19        7,721 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 2. Ordinary          134,452,552    85.10   23,543,584   14.90   157,996,136        51.19        4,695 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 3. Ordinary          157,982,405   <99.99        1,423   >0.01   157,983,828        51.19       17,003 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 4. Ordinary          157,970,059    99.99        8,387    0.01   157,978,446        51.19       22,385 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 5. Ordinary          144,875,601    91.70   13,109,852    8.30   157,985,453        51.19       15,378 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 6. Ordinary          155,222,613   100.00            0       0   155,222,613        50.29    2,778,218 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 7. Ordinary          157,983,842   100.00        1,611       0   157,985,453        51.19       15,378 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 8. Ordinary          157,985,453   100.00            0       0   157,985,453        51.19       15,378 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 9. Ordinary          157,985,159    99.99        9,282    0.01   157,994,441        51.19        6,390 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 10. Ordinary         157,996,136   100.00            0       0   157,996,136        51.19        4,695 
                     ------------  -------  -----------  ------  ------------  -----------  ----------- 
 11. Extraordinary    155,026,504    98.13    2,954,527    1.87   157,981,031        51.19       19,800 
                     ------------  -------  -----------  ------  ------------  -----------  -----------

*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 308,628,541.

A copy of the full text of Extraordinary Resolutions 11 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 (Investment 
  Manager) 
  Andrew Hampson                                   +44 (0) 20 7518 
  Paulo Almeida                                               6700 
 Singer Capital Markets 
  James Maxwell, Alex Bond (Corporate Finance) 
  Alan Geeves, James Waterlow, Sam Greatrex        +44 (0) 20 7496 
  (Sales)                                                     3000 
 
 Hudnall Capital LLP                               +44 (0) 20 7520 
  Andrew Cade                                                 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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