TIDMTMIP TIDMTMI

RNS Number : 3627A

Taylor Maritime Investments Limited

01 February 2022

1 February 2022

Taylor Maritime Investments Limited (the "Company")

Director/PDMR Shareholding

The Company announces that Christopher Buttery has purchased 50,000 ordinary shares in the capital of the Company ("Ordinary Shares") as follows:

 
 Director/PDMR    Ordinary           Price per      Total Holding   % of the Company's 
                   Shares Acquired    Ordinary       following       issued share capital 
                                      Share (USD)    Purchase        now held 
 Christopher 
  Buttery         50,000             1.30           224,000         0.068 
                 -----------------  -------------  --------------  ----------------------

The relevant notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                             Christopher Buttery 
 2     Reason for the notification 
 a)    Position/status                  Director 
 b)    Initial notification             Initial notification 
        /Amendment 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
 a)    Name                             Taylor Maritime Investments Limited 
 b)    LEI                              213800FELXGYTYJBBG50 
 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               Ordinary USD shares 
        financial instrument, 
        type of instrument 
 
       Identification code              GG00BP2NJT37 
        (ISIN) 
 
 b)    Nature of the transaction        Purchase 
      -------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                         Price(s)                   Volume(s) 
    US$1.30 per share                                               50,000 
 
 
 d)    Aggregated information 
 
  - Aggregated volume              50,000 
  - Total Price                    US$65,000 
 
 e)    Date of the transaction          28 January 2022 
 f)    Place of the transaction         London Stock Exchange

For further information, please contact:

 
Taylor Maritime Investments Limited      +852 2252 3882 
 Edward Buttery                           info@tminvestments.com 
 Alexander Slee 
Jefferies International Limited 
 Investment Banking 
 Stuart Klein 
 Gaudi Le Roux 
 
 Sector coverage 
 Doug Mavrinac 
 Hugh Eden                               +44 20 7029 8000 
Buchanan 
Charles Ryland                           +44 20 7466 5107 
 Henry Wilson                             +44 20 7466 5111 
 Hannah Ratcliff                          +44 20 7466 5102 
Sanne Fund Services (Guernsey) Limited 
 Tom Daish 
 Matt Falla                              +44 (0)1481 737600

About the Company

Taylor Maritime Investments Limited is a recently established, internally managed investment company listed on the Premium Segment of the Official List and traded on the Main Market of the London Stock Exchange. The Company invests in a diversified portfolio of vessels which are primarily second-hand and which, historically, have demonstrated average yields in excess of the Company's target dividend yield of 7% p.a. (on the Initial Issue Price).

The Company's initial investments comprise Geared Ships (Handysize and Supramax types) employed utilising a variety of employment/Charter strategies.

The Company intends to pay dividends on a quarterly basis with dividends declared in January, April, July and October. The Company targets a Total NAV Return of 10 to 12% p.a. (net of expenses and fees but excluding any tax payable by Shareholders) over the medium to long-term.

The Company has the benefit of an experienced Executive Team led by Edward Buttery. The Executive Team have to date worked closely together for the Commercial Manager, Taylor Maritime. Established in 2014, Taylor Maritime is a privately owned ship-owning and management business with a seasoned team that includes the founders of dry bulk shipping company Pacific Basin Shipping (listed in Hong Kong 2343.HK) and gas shipping company BW Epic Kosan (formerly Epic Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of experienced industry professionals are based in Hong Kong and London.

For more information, please visit www.taylormaritimeinvestments.com .

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February 01, 2022 10:59 ET (15:59 GMT)

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