REG - Taylor Maritime Ltd Taylor Maritime -TMI - Result of General Meeting

Taylor MaritimeAnnouncement

27/01/2026 10:45

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RNS Number : 5616Q  Taylor Maritime Limited  27 January 2026

27 January 2026

 

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

Result of General Meeting

 

The Board of TML, the specialist dry bulk shipping company, is pleased to
announce that at the General Meeting of the Company held earlier today, the
resolution proposed at the meeting was passed on a poll. The proxy votes
received by the Company were as follows:

 

 Resolution                                                                    For                 Against        Withheld*
                                                                               Votes        %      Votes    %     Votes
 1.     THAT the Company adopts the amendments to its Articles as set out      256,216,463  99.95  136,673  0.05  78,706
 in Part 5 of the Circular to Shareholders dated 9 January 2026 (the
 "Circular")

 

*A vote withheld is not a vote in law and is therefore not counted towards the
proportion of votes "For" or "Against" the resolution. Resolution 1 was
proposed as a Special Resolution.

 

In accordance with UKLR 6.4.13, details of the resolution passed at the
General Meeting that was not in the ordinary course of business is detailed
below.

 

1.     THAT the Company adopts the amendments to its Articles as set out
in Part 5 of the Circular and in the form as may be inspected at the
registered office of the Company during usual hours on any weekday from the
date of the Circular up to and including the date of the General Meeting and
at the place of the General Meeting for at least 15 minutes before and during
the General Meeting.

 

 

Having received approval from shareholders to amending the Articles of
Incorporation, the Directors will proceed with the Compulsory Redemption as
per the details announced by the Company on 22 January 2026.

 

 

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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