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Taylor MaritimeAnnouncement

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RNS Number : 2482T  Taylor Maritime Limited  17 February 2026

17 February 2026

 

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

 

One new vessel sale agreed and one previously announced vessel sale completed

 

Taylor Maritime Limited, the specialist dry bulk shipping company, announces
today it has agreed to sell a Handysize vessel.  Further details of the
transaction will be provided upon completion.

 

The previously agreed (and announced on 24 October 2025) sale of a Handysize
vessel has now completed, generating gross proceeds of $15.3 million.

 

As previously announced, the Company recently returned $143.4 million of
capital to shareholders by way of a compulsory partial redemption which
completed on 2 February 2026.

 

Commenting on the vessel sale Edward Buttery, Chief Executive Officer, said:

 

"With today's announcement, we continue to demonstrate our willingness to
crystalise gains and preserve value through disposals, in line with investor
feedback.  Our current position allows us to consider the full range of
options available to us in an orderly manner, including further sales and
capital returns."

 

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.

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 7 dry
bulk vessels (including 1 held for sale) consisting of 5 Handysize vessels and
2 Supra/Ultramax vessels.  The Company also has 1 vessel under JV agreement
and 3 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
(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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