RNS Number : 5086W
Taylor Maritime Limited
22 August 2025
22 August 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 Edward Buttery (Chief Executive Officer), Yam Lay Tan (Chief Financial Officer), and Camilla Pierrepont (Executive Director) as follows:
Director/PDMR
Ordinary Shares Acquired
Price per OrdinaryShare
Total Holding following Acquisition
% of the Company's issued share capital now held
Edward Buttery
487,101
Nil
2,975,201
0.901%
Yam Lay Tan
307,468
Nil
776,769
0.235%
Camilla Pierrepont
157,460[1]
Nil
886,389
0.268%
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
Edward Buttery
2
Reason for the notification
a)
Position/status
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
487,101
d)
Aggregated information
- Aggregated volume
487,101
- Total Price
Nil
e)
Date of the transaction
20 August 2025
f)
Place of the transaction
London Stock Exchange (off market)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Yam Lay Tan
2
Reason for the notification
a)
Position/status
Chief Financial 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
307,468
d)
Aggregated information
- Aggregated volume
307,468
- Total Price
Nil
e)
Date of the transaction
20 August 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
Executive Director
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
157,460
d)
Aggregated information
- Aggregated volume
157,460
- Total Price
Nil
e)
Date of the transaction
21 August 2025
f)
Place of the transaction
London Stock Exchange (off market)
ENDS
For further information, please contact:
Taylor Maritime Limited Edward Buttery Kael O'Sullivan
IR@taylormartitime.com
Jefferies International Limited Stuart Klein Gaudi Le Roux
+44 20 7029 8000
Panmure Liberum Limited Chris Clarke Nicholas How
+44 (0) 20 3100 2190
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 (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 is focused on navigating shipping market cycles on behalf of its shareholders, leveraging a dynamic and experienced management team with deep relationships in the industry and an agile business model underpinned by low leverage and financial flexibility, to deliver long-term attractive returns through both income and capital appreciation.
The Company, through its subsidiaries, currently has an owned fleet of 14 dry bulk vessels (including 6 vessels held for sale) consisting of 8 Handysize vessels and 6 Supra/Ultramax vessels. The Company also has 1 vessel under JV agreement and 6 vessels in its chartered in fleet. The ships are employed utilising a mix of time charter, voyage charter, and Contracts of Affreightment ("CoAs") to optimise fleet earnings and cargo coverage.
The Company's target dividend policy is 8 cents p.a. paid on a quarterly basis.
For more information, please visit 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
[1] The balance of shares transferred net of the estimated tax liability from a total vesting of 401,382 award shares.
This approach is consistent with the vesting of award shares announced on 20 February 2025, where the balance of 436,000 shares was transferred net of the estimated tax liability from a total vesting of 630,980 award shares.
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END
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