REG - Taylor Maritime Taylor Maritime -TMI - Dividend Currency Election

Taylor MaritimeAnnouncement

17/02/2025 13:15

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RNS Number : 3917X  Taylor Maritime Limited  17 February 2025

 

17 February 2025

 

Taylor Maritime Limited

(the "Company")

 

Dividend Currency Election

 

An announcement was made on 24 January 2025 regarding the dividend to be paid
on 28 February 2025 and the option for shareholders to elect to receive this
in sterling rather than US dollars.

 

The dividend rate per share to be used to pay shareholders who elected to
receive their dividend in sterling will be 4.754888 pence per share (6 US
cents per share converted into sterling using a USD/GBP rate of 1.2619).

 

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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