RNS Number : 4235E
Taylor Maritime Limited
14 May 2026
14 May 2026
Taylor Maritime Limited (the "Company")
Director/PDMR Shareholding
The Company announces the following changes to Director/PDMR shareholdings in the Company as a result of the compulsory partial redemption of ordinary shares in the capital of the Company ("Ordinary Shares") on 11 May 2026:
Director/PDMR
Ordinary Shares Redeemed
Price per OrdinaryShare
Total holding following Redemption
% of the Company's issued share capital
Edward Buttery
404,788
US$ 0.8583
1,660,436
1.1581%
Trudi Clark
12,702
US$ 0.8583
52,102
0.0363%
Camilla Pierrepont
98,528
US$ 0.8583
404,159
0.2819%
Alexander Slee
72,903
US$ 0.8583
299,047
0.2086%
Henry Strutt
7,832
US$ 0.8583
32,132
0.0224%
Charles Maltby
12,172
US$ 0.8583
49,928
0.0348%
Gordon French
10,585
US$ 0.8583
43,419
0.0303%
Yam Lay Tan
82,220
US$ 0.8583
337,266
0.2352%
Rebecca Brosnan
5,293
US$ 0.8583
21,708
0.0151%
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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
404,788
d)
Aggregated information
- Aggregated volume
404,788
- Total Price
US$ 347,429.54
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trudi Clark
2
Reason for the notification
a)
Position/status
Non-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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
12,702
d)
Aggregated information
- Aggregated volume
12,702
- Total Price
US$ 10,902.13
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
98,528
d)
Aggregated information
- Aggregated volume
98,528
- Total Price
US$ 84,566.58
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
72,903
d)
Aggregated information
- Aggregated volume
72,903
- Total Price
US$ 62,572.64
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Henry Strutt
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
7,832
d)
Aggregated information
- Aggregated volume
7,832
- Total Price
US$ 6,722.21
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Charles Maltby
2
Reason for the notification
a)
Position/status
Non-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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
12,172
d)
Aggregated information
- Aggregated volume
12,172
- Total Price
US$ 10,447.23
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gordon French
2
Reason for the notification
a)
Position/status
Non-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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
10,585
d)
Aggregated information
- Aggregated volume
10,585
- Total Price
US$ 9,085.11
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
82,220
d)
Aggregated information
- Aggregated volume
82,220
- Total Price
US$ 70,569.43
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rebecca Brosnan
2
Reason for the notification
a)
Position/status
Non-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)
GG00BTZC2850
b)
Nature of the transaction
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 11 May 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.8583
5,293
d)
Aggregated information
- Aggregated volume
5,293
- Total Price
US$ 4,542.98
e)
Date of the transaction
11 May 2026
f)
Place of the transaction
London Stock Exchange
ENDS
For further information, please contact:
Taylor Maritime Limited Edward Buttery Kael O'Sullivan
IR@taylormaritime.com
Jefferies International Limited Stuart Klein Gaudi Le Roux
+44 20 7029 8000
Panmure Liberum Limited Chris Clarke Nicholas How
+44 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 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.
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.
LEI: 213800FELXGYTYJBBG50
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