Tufton Oceanic Assets Ltd. Transaction in Own Shares (6680U)

TIDMSHIP TIDMSHPP

RNS Number : 6680U

Tufton Oceanic Assets Ltd.

27 November 2023

Tufton Oceanic Assets Limited

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

Transaction in Own Shares

The Company announces that on 24 November 2023 it purchased 250,000 ordinary shares at a price of $0.975 per share in accordance with the authority granted to it by Shareholders at its 2023 Annual General Meeting. The purchased shares will be held in treasury. Following this purchase, the Company will have 294,532,541 ordinary shares in issue with voting rights and 14,096,000 ordinary shares held in treasury.

This figure 294,532,541 represents the total voting rights in the Company and may be used by Shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
 Tufton Investment Management Ltd (Investment                                +44 (0) 20 7518 6700 
  Manager) 
  Andrew Hampson 
  Nicolas Tirogalas 
 
 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 $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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