REG - Taylor Maritime Taylor Maritime -TMI - Director/PDMR Shareholding

Taylor MaritimeAnnouncement

18/12/2024 18:30

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RNS Number : 6605Q  Taylor Maritime Investments Limited  18 December 2024

18 December 2024

 

Taylor Maritime Investments Limited (the "Company")

Director/PDMR Shareholding

 

The Company announces that Trudi Clark, Non-Executive Director, has purchased
50,000 ordinary shares in the capital of the Company ("Ordinary Shares") as
follows:

 

 Director/PDMR  Ordinary Shares Acquired  Price per        Total Holding        % of the Company's

                                          Ordinary Share   following Purchase   issued share capital now held
  Trudi Clark   50,000                    USD0.99          120,000              0.036%

 

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                                                         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 Investments 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                                    Purchase

                                                                   Purchase not linked to a share option programme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     $0.9898           50,000

 d)   Aggregated information

      - Aggregated volume                                          50,000
      - Total Price                                                USD 49,490

 e)   Date of the transaction                                      18 December 2024

 f)   Place of the transaction                                     London Stock Exchange

ENDS

 For further information, please contact:

Taylor Maritime Investments Limited      IR@tminvestments.com (mailto:IR@tminvestments.com)

 Edward Buttery

 Camilla Pierrepont

 Jefferies International Limited          +44 20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Sanne Fund Services (Guernsey) Limited   +44 (0) 203 530 3107

 Matt Falla

 

The person responsible for arranging for the release of this announcement on
behalf of the Company is Matt Falla of Sanne Fund Services (Guernsey) Limited.

 

Notes to Editors

 

About the Company

Taylor Maritime Investments Limited is an internally managed investment
company listed under the closed-ended investment funds category of the FCA's
UK Listing Rules sourcebook (previously the Premium Segment of the Official
List), with its shares trading on the Main Market of the London Stock Exchange
since May 2021. As announced previously, the Company is proposing to transfer
the Company's equity shares listing from the closed-ended investment funds
category to the equity shares (commercial companies) category of the Official
List.  The Company specializes in the acquisition and chartering of vessels
in the Handysize and Supra/Ultramax bulk carrier segments of the global
shipping sector.  The Company invests in a diversified portfolio of vessels
which are primarily second-hand and Japanese built.

The Company acquired a controlling stake in Grindrod Shipping Holdings Limited
("Grindrod") in December 2022 and, following a selective capital reduction
which took effect on 16 August 2024, Grindrod became a wholly owned subsidiary
of the Company and was delisted from each of Nasdaq and the JSE.  As a
result, the Company, through its subsidiaries, currently has an owned fleet of
31 dry bulk vessels consisting of 21 Handysize vessels (including one vessel
held for sale) and ten Supra/Ultramax vessels (including one vessel under a JV
agreement and one long-term chartered in vessel with purchase option).  The
Company also has six vessels in its short-term chartered in fleet. The ships
are employed utilising a variety of employment/charter strategies.

The Company's target dividend policy is 8 cents p.a. paid on a quarterly
basis, with a targeted total NAV return of 10-12% per annum over the medium to
long-term.

For more information, please visit www.taylormaritimeinvestments.com
(http://www.taylormaritimeinvestments.com/) .

About Geared Vessels

Geared vessels are characterised by their own cargo loading and discharging
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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