RNS Number : 9624R
Taylor Maritime Limited
06 February 2026
6 February 2026
Taylor Maritime Limited (the "Company")
Director/PDMR Shareholding
The Company announces the following changes to Director/PDMR shareholdings in the Company as a result of the compulsory partial redemption of ordinary shares in the capital of the Company ("Ordinary Shares") on 30 January 2026:
Director/PDMR
Ordinary Shares Redeemed
Price per OrdinaryShare
Total holding following Redemption
% of the Company's issued share capital
Edward Buttery
1,368,474
US$ 0.9441
1,606,727
0.901%
Trudi Clark
55,195
US$ 0.9441
64,805
0.036%
Camilla Pierrepont
432,945
US$ 0.9441
508,322
0.285%
Alexander Slee
316,796
US$ 0.9441
371,950
0.209%
Henry Strutt
34,036
US$ 0.9441
39,964
0.022%
Charles Maltby
52,900
US$ 0.9441
62,100
0.035%
Gordon French
45,996
US$ 0.9441
54,004
0.030%
Yam Lay Tan
357,283
US$ 0.9441
419,486
0.235%
Rebecca Brosnan
22,998
US$ 0.9441
27,002
0.015%
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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
1,368,474
d)
Aggregated information
- Aggregated volume
1,368,474
- Total Price
US$ 1,291,976
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
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 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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
55,195
d)
Aggregated information
- Aggregated volume
55,195
- Total Price
US$ 52,110
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
432,945
d)
Aggregated information
- Aggregated volume
432,945
- Total Price
US$ 408,743
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alexander Slee
2
Reason for the notification
a)
Position/status
Deputy 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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
316,796
d)
Aggregated information
- Aggregated volume
316,796
- Total Price
US$ 299,087
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Henry Strutt
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
34,036
d)
Aggregated information
- Aggregated volume
34,036
- Total Price
US$ 32,133
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Charles Maltby
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 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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
52,900
d)
Aggregated information
- Aggregated volume
52,900
- Total Price
US$ 49,943
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gordon French
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 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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
45,996
d)
Aggregated information
- Aggregated volume
45,996
- Total Price
US$ 43,425
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
357,283
d)
Aggregated information
- Aggregated volume
357,283
- Total Price
US$ 337,311
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rebecca Brosnan
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 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
Redemption of Ordinary Shares pursuant to the Compulsory Partial Redemption on 30 January 2026.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$ 0.9441
22,998
d)
Aggregated information
- Aggregated volume
22,998
- Total Price
US$ 21,712
e)
Date of the transaction
30 January 2026
f)
Place of the transaction
London Stock Exchange
ENDS
For further information, please contact:
Taylor Maritime Limited Edward Buttery Kael O'Sullivan
IR@taylormartitime.com
Jefferies International Limited Stuart Klein Gaudi Le Roux
+44 20 7029 8000
Panmure Liberum Limited Chris Clarke Nicholas How
+44 (0) 20 3100 2190
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 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.
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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