Taylor Maritime Investments Limited Total Voting Rights (1078H)
30 Julio 2021 - 10:30AM
UK Regulatory
TIDMTMIP TIDMTMI
RNS Number : 1078H
Taylor Maritime Investments Limited
30 July 2021
30 July 2021
Taylor Maritime Investments Limited (the "Company")
Total Voting Rights
The Directors of the Company wish to announce that the Company
has a total of 327,895,878 Ordinary Shares in issue, each with
equal voting rights. This total voting rights figure can be used by
shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in the Company under the Disclosure Guidance and Transparency Rules
of the Financial Conduct Authority. For further information, please
contact:
Taylor Maritime Investments Limited
Edward Buttery
Alexander Slee +852 2252 3882
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
LEI: 213800FELXGYTYJBBG50
NOTES:
About the Company
Taylor Maritime Investments Limited is a newly 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 will invest in a diversified portfolio
of vessels which will primarily be second-hand and which,
historically, have demonstrated average yields in excess of the
Company's target dividend yield of 7% p.a. and are capable of being
acquired at valuations that are expected to be below long-term
average prices.
The Company's initial investments forming the Seed Portfolio
comprise Geared Ships (Handysize and Supramax types) to be 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
expects to declare its first dividend of 1.75 cents per Ordinary
Share for the initial period ended 30 September 2021 in October
2021. Once the Company is fully invested, the Company will target 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 [1] .
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 .
[1] The above references to dividends and returns are
expectations and not profit forecasts and there can be no assurance
that these will be met.
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END
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