REG - Taylor Maritime Ltd Taylor Maritime -TMI - Compulsory Partial Redemption, Total Voting Rights

Taylor MaritimeAnnouncement

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RNS Number : 2771R  Taylor Maritime Limited  02 February 2026

2 February 2026

 

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

Compulsory Partial Redemption Update & Confirmation of Voting Rights

The Board of TML, the specialist dry bulk shipping company, is pleased to
announce that, in connection with the Company's partial compulsory redemption,
first announced on 12 December 2025, the Company has compulsorily redeemed as
at the close of business on 30 January 2026 on a pro rata basis 151,886,115
ordinary shares at a price of US$ 0.9441 per share.

Fractions of shares produced by the applicable redemption ratios have not been
redeemed and therefore the number of shares redeemed in respect of each
shareholder has been rounded down to the nearest whole number of shares.

Following the redemption, the Company has 178,329,763 ordinary shares in issue
and the total number of voting rights is 178,329,763. This figure should be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.

The new ISIN, GG00BTZC2850, in respect of the remaining shares which have not
been redeemed will be enabled and is available for transactions from 8.00
a.m. on 2 February 2026. Payments of redemption monies are expected to be
affected either through CREST (in the case of shares held in uncertificated
form) or by cheque (in the case of shares held in certificated form) on or
around 13 February 2026. Any certificates currently in circulation will be
superseded by a new certificate which will be distributed to certificated
shareholders representing the balance of their shareholding in the Company.

 

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 (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 8 dry
bulk vessels (including 1 vessel held for sale) consisting of 6 Handysize
vessels and 2 Supra/Ultramax vessels.  The Company also has 1 vessel under
JV agreement and 4 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 current 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 thereof) 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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