REG - Taylor Maritime Taylor Maritime -TMI - Director/PDMR Shareholding

Taylor MaritimeAnnouncement

20/02/2025 17:46

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RNS Number : 9358X  Taylor Maritime Limited  20 February 2025

20 February 2025

 

Taylor Maritime Limited (the "Company")

Director/PDMR Shareholding

 

The Company announces the vesting of ordinary shares in the capital of the
Company ("Ordinary Shares") awarded to Alexander Slee (Deputy Chief Executive
Officer) and Camilla Pierrepont (Chief Strategy Officer) as follows:

 

 Director/PDMR       Ordinary Shares Acquired  Price per        Total Holding           % of the Company's

                                               Ordinary Share   following Acquisition   issued share capital now held
 Alexander Slee      430,500                   Nil              487,396                 0.148%
 Camilla Pierrepont  436,000                   Nil              628,929                 0.190%

 

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                                                         Alexander Slee

 2    Reason for the notification

 a)   Position/status                                              Deputy Chief Executive Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Taylor Maritime 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 financial instrument, type of instrument  Ordinary shares

      Identification code (ISIN)                                   GG00BP2NJT37

 b)   Nature of the transaction                                    Receipt of vested award shares transferred from the Company's Employee Benefit

                                                            Trust.

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         $Nil                  430,500

 d)   Aggregated information

      - Aggregated volume                                          430,500
      - Total Price                                                Nil

 e)   Date of the transaction                                      20 February 2025

 f)   Place of the transaction                                     London Stock Exchange (off market)

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Camilla Pierrepont

 2    Reason for the notification

 a)   Position/status                                              Chief Strategy Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Taylor Maritime 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 financial instrument, type of instrument  Ordinary shares

      Identification code (ISIN)                                   GG00BP2NJT37

 b)   Nature of the transaction                                    Receipt of vested award shares transferred from the Company's Employee Benefit

                                                            Trust.

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         Nil                   436,000

 d)   Aggregated information

      - Aggregated volume                                          436,000
      - Total Price                                                Nil

 e)   Date of the transaction                                      18 February 2025

 f)   Place of the transaction                                     London Stock Exchange (off market)

 

ENDS

 

 For further information, please contact:

Taylor Maritime Limited                              IR@taylormaritime.com (mailto:IR@taylormaritime.com)

 Edward Buttery

 Camilla Pierrepont

 Jefferies International Limited                      +44 20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Apex Fund and Corporate Services (Guernsey) Limited  +44 20 3530 3107

 Matt Falla

 

Notes to Editors

 

About the Company

Taylor Maritime Limited (formerly Taylor Maritime Investments 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.  The Company's strategy is focused upon providing investors
with an attractive level of regular, stable, growing income, and the potential
for capital growth. The Group engages in shipping activities, optimising
earnings from safely operating and trading the fleet under an enhanced
strategy, using a mix of time charter, voyage, and CoA cargo cover.

The Company, through its subsidiaries, currently has an owned fleet of 30 dry
bulk vessels consisting of 20 Handysize vessels and 10 Supra/Ultramax vessels
(including one vessel under JV agreement).  The Company also has six vessels
in its chartered in fleet. The ships are employed utilising a variety of
employment/charter strategies.

The Company's target dividend policy is 8 cents p.a. paid on a quarterly
basis.

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

About Geared Vessels

Geared vessels are characterised by their own cargo loading and discharging
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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