REG - Taylor Maritime Ltd Taylor Maritime -TMI - Director/PDMR Shareholding
22/08/2025 18:00
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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 Total Holding % of the Company's
Ordinary Share following Acquisition 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 (#_ftn1) 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 IR@taylormartitime.com
Edward Buttery
Kael O'Sullivan
Jefferies International Limited +44 20 7029 8000
Stuart Klein
Gaudi Le Roux
Panmure Liberum Limited +44 (0) 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 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
(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
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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