SHIP Tufton Oceanic Assets Limited

TIDMSHIP

RNS Number : 3545J

Tufton Oceanic Assets Ltd.

20 August 2021

20 August 2021

TUFTON OCEANIC ASSETS LIMITED

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

Publication of Circular and Notice of EGM

The Company announces the publication of a circular to Shareholders (the "Circular") relating to a proposal to disapply pre-emption rights in respect of 28,057,140 Ordinary Shares and in respect of 250,000,000 Ordinary Shares and/or C Shares subject to the publication of a Prospectus in connection with a Placing Programme. It is expected that the Prospectus will be published later this year or in early 2022.

Terms used and not defined in this announcement shall have the meanings given to them in the Circular.

Notice of Extraordinary General Meeting

Notice is hereby given that an extraordinary general meeting (the "Extraordinary General Meeting" or the "EGM") of the Company will be held at 3rd Floor, 1 Le Truchot, St Peter Port, Guernsey GY1 1WD on 9 September 2021 at 10 a.m .

The Circular is available for inspection on the Company's website. In addition, a copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Forms of Proxy

All Shareholders are requested to complete and return their Form(s) of Proxy. To be valid, Forms of Proxy for use at the Extraordinary General Meeting must be completed and returned in accordance with the instructions printed thereon to Computershare Investor Services (Guernsey) Limited, c/o The Pavilions, Bridgwater Road, Bristol BS99 6ZY, or delivered by hand during office hours only to Computershare Investor Services (Guernsey) Limited, 1(st) Floor, c/o The Pavilions, Bridgwater Road, Bristol BS99 6ZY, or in the case of Ordinary Shares held through CREST, via the CREST system or if submitting the proxy vote electronically, via the Registrars website, by no later than 10 a.m. on 7 September 2021.

Attendance at the EGM

In light of the ongoing Covid-19 pandemic and notwithstanding the gradual relaxation of some of the restrictions on public gatherings imposed by the Guernsey authorities to combat the spread of the virus, it is likely that the Company will restrict attendance at the EGM to a small number of attendees comprising the required quorum of two Shareholders in person or by proxy and those persons whose attendance is necessary for the conduct of the EGM. Unfortunately, it is likely that all other Shareholders will not be permitted entry to the EGM and all votes will be taken by poll so that all proxy votes are counted.

Shareholders are therefore asked not to attempt to attend the EGM in person and are instead asked to submit proxy appointments in advance of the EGM, either online or by completing a hard copy form of proxy in accordance with the instructions set out in the Circular. Shareholders are strongly recommended to appoint the chairman of the EGM as their proxy given the restrictions on attendance at the EGM.

For further information, please contact:

 
 Tufton Investment Management Ltd 
  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                                                       +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 $277m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019, a placing in September 2019, a tap issue in March 2021 and a tap issue in August 2021.

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August 20, 2021 08:15 ET (12:15 GMT)

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