REG - Tufton Assets Ltd. Tufton Assets - SHPP - Portfolio Management Update

Tufton AssetsAnnouncement

23/04/2026 07:00

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RNS Number : 5642B  Tufton Assets Limited  23 April 2026

Tufton Assets Limited

 

(the "Company")

 

 

Portfolio management update

 

The Board notes today's announcement by the Company's Investment Manager,
Tufton Investment Management Ltd., ("Tufton") regarding leadership changes
designed to deepen its capabilities and broaden its activities.

 

Of relevance to the Company in Tufton's announcement is the addition of Nikos
Petrakakos to the team managing the portfolio. Mr. Petrakakos is a Managing
Director of Tufton in London and leads its maritime investment team.

 

Andrew Hampson and Nicolas Tirogalas remain on the Company's portfolio
management team, members of Tufton's Investment Committee and significant
shareholders of the business.

 

None of the strategic changes announced by Tufton alter the Company's
investment objectives, investment policy or portfolio strategy.

 

Rob King, Chairman, said:

"We welcome the changes announced by Tufton and the addition of Nikos to the
Company's portfolio management team. He has progressively broadened his
responsibilities across Tufton's maritime investment activities over recent
years. He will complement Andrew and Nicolas, adding to our investment
management strength and helping us achieve the Company's objectives.

 

"Tufton's team adopted a welcome degree of transparency and proactivity in
communicating its succession arrangements to us and we will watch with
interest as it begins an exciting period of expansion for its business."

 

- Ends -

 

 

For further information, please contact:

 

 Tufton Investment Management Ltd (Investment Manager)  c/o H/Advisors

 Andrew Hampson

 Nicolas Tirogalas

 Nikos Petrakakos

 Singer Capital Markets                                 +44 (0) 20 7496 3000

 James Maxwell, Alex Bond (Corporate Finance)

 Alan Geeves, Sam Greatrex (Sales)

 Hudnall Capital LLP                                    +44 (0) 20 7520 9085

 Andrew Cade

 H/Advisors

 Olly Scott                                             +44 (0) 78 1234 5205

 William Clutterbuck                                    +44 (0) 77 8529 2617

 

About the Company

Tufton Assets Limited, (LSE:SHIP) invests in a diversified portfolio of
second-hand commercial sea-going vessels with the objective of delivering
strong cash flow and capital gains to investors. The Company raised a total of
approximately $316.5 million through its 20 December 2017 Initial Public
Offering on the Specialist Fund Segment of the London Stock Exchange and via
subsequent capital raises. Including the 1Q26 dividend due to be paid on 20
May 2026, the Company will have returned $205.1 million to investors since
inception.

 

The Company's investment manager is Tufton Investment Management Ltd, a
leading FCA-authorised alternative investment manager, with a focus on
maritime, world trade, raw materials and energy-related investments. Tufton
has managed more than $1 billion in drawn capital for institutional investors
including major UK pension funds and has launched publicly listed investment
vehicles. Tufton was established in 1985 and operates from offices in London,
Geneva, Cyprus, and the Isle of Man.

 

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