REG - Taylor Maritime Ltd Taylor Maritime -TMI - Compulsory Partial Redemption, Total Voting Rights

Taylor MaritimeAnnouncement

12/05/2026 07:00

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RNS Number : 8738D  Taylor Maritime Limited  12 May 2026

12 May 2026

 

Taylor Maritime Limited (the "Company" or "TML")

Second Compulsory Partial Redemption Update & Confirmation of Voting
Rights

The Board of TML, the specialist dry bulk shipping company, is pleased to
announce that, in connection with the Company's second compulsory partial
redemption (the "Compulsory Redemption"), first announced on 20 March 2026,
the Company has compulsorily redeemed as at the close of business on 11
May 2026 on a pro rata basis 34,952,813 ordinary shares at a price
of US$ 0.8583 per share.

Fractions of shares produced by the applicable redemption ratios have not been
redeemed and therefore the number of shares redeemed in respect of each
shareholder has been rounded down to the nearest whole number of shares.

Following the Compulsory Redemption, the Company has 143,376,950 ordinary
shares in issue and the total number of voting rights is 143,376,950. This
figure should be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their interest in,
or a change to their interest in the Company under the FCA's Disclosure
Guidance and Transparency Rules.

The new ISIN, GG00BWZ6KJ56, in respect of the remaining shares which have not
been redeemed will be enabled and is available for transactions from 8.00
a.m. on 12 May 2026. Payments of redemption monies are expected to be
affected either through CREST (in the case of shares held in uncertificated
form) or by cheque (in the case of shares held in certificated form) on or
around 26 May 2026. Any certificates currently in circulation will be
superseded by a new certificate which will be distributed to certificated
shareholders representing the balance of their shareholding in the Company.

 

ENDS

 For further information, please contact:

Taylor Maritime Limited              IR@taylormaritime.com

 Edward Buttery

 Kael O'Sullivan

 Jefferies International Limited      +44 20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Panmure Liberum Limited              +44 20 3100 2190

 Chris Clarke

 Nicholas How

 

The person responsible for arranging for the release of this announcement on
behalf of the Company is Matt Falla, Company Secretary.

 

Notes to Editors

 

About the Company

Taylor Maritime Limited is a shipping company listed under the equity shares
(commercial companies) category of the Official List, with its shares trading
on the Main Market of the London Stock Exchange since May 2021.  Between May
2021 and February 2025, the Company was listed under the closed-ended
investment funds category of the Official List.

As announced on 20 March 2026, the Company is pursuing a managed realisation
of the Company's assets, prioritising the maximisation of proceeds from vessel
sales and future returns of capital to shareholders whilst maintaining
sufficient working capital for the Company's operations.  The timing of
disposals and subsequent returns of capital will be influenced by market
conditions and commercial factors.

The Company, through its subsidiaries, currently has an owned fleet of 6 dry
bulk vessels consisting of 4 Handysize vessels and 2 Supra/Ultramax
vessels.  The Company also has one vessel under JV agreement and one vessel
in its chartered in fleet.  The ships are employed utilising a mix of time
charter and voyage charter to optimise fleet earnings and cargo coverage.

For more information, please visit www.taylormaritime.com
(http://www.taylormaritime.com/) .

About Geared Vessels

Geared vessels are characterised by their own cargo loading equipment. The
Handysize and Supra/Ultramax market segments are particularly attractive,
given the flexibility, versatility and port accessibility of these vessels
which carry necessity goods - principally food and products related to
infrastructure building - ensuring broad diversification of fleet activity and
stability of earnings through the cycle.

IMPORTANT NOTICE

The information in this announcement may include forward-looking statements,
which are based on the current expectations and projections about future
events and in certain cases can be identified by the use of terms such as
"may", "will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking statements
are subject to risks, uncertainties and assumptions about the Company,
including, among other things, the development of its business, trends in its
operating industry, and future capital expenditures and acquisitions. In light
of these risks, uncertainties and assumptions, the events in the
forward-looking statements may not occur.

References to target dividend yields and returns are targets only and not
profit forecasts and there can be no assurance that these will be achieved.

 

LEI: 213800FELXGYTYJBBG50

 

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