REG - Tufton Assets Ltd. Tufton Assets - SHPP - Result of Annual General Meeting

Tufton AssetsAnnouncement

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RNS Number : 6226E  Tufton Assets Limited  23 October 2025

23 October 2025

 

Tufton Assets Limited

(the "Company")

 

Result of Annual General Meeting

 

The Company announces the results of its Annual General Meeting ("AGM") held
at 11.00 a.m. on

23 October 2025. Resolutions 1-12 inclusive were duly passed by way of a poll.

 

The full results of the AGM were as follows:

 

 ORDINARY RESOLUTIONS                                                            FOR                  AGAINST        TOTAL VOTES  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD*
                                                                                 Votes        %       Votes    %
 1.   To receive the Company's Annual Report and Audited Financial Statements    144,648,671  100.00  0        0.00  144,648,671  54.09%                           78,977
 for the year ended 30 June 2025.

 2.   To re-appoint PricewaterhouseCoopers CI LLP as auditor to the Company      124,254,603  99.95   57,387   0.05  124,311,990  46.51%                           20,415,658
 until the conclusion of the next general meeting at which accounts are laid
 before the Company.

 3.   To authorise the Directors to determine the remuneration of the            144,627,565  99.99   3,064    0.01  144,630,629  54.09%                           97,019
 auditor.

 4.   To approve the remuneration of the Directors for the year ended 30 June    144,553,071  99.96   53,589   0.04  144,606,660  54.10%                           120,988
 2025, as set out in the Directors' Report.

 5.   To re-elect Mr Robert King as a Director who retires by rotation in        144,611,922  99.99   7,219    0.01  144,619,141  54.08%                           108,507
 accordance with Article 21.3 of the Articles.

 6.   To re-elect Mr Stephen Le Page as a Director who retires by rotation in    144,611,922  99.99   7,219    0.01  144,619,141  54.08%                           108,507
 accordance with Article 21.3 of the Articles.

 7.   To re-elect Mr Paul Barnes as a Director who retires by rotation in        144,611,922  99.99   7,219    0.01  144,619,141  54.08%                           108,507
 accordance with Article 21.3 of the Articles.

 8.    To re-elect Ms Christine Rødsæther as a Director who retires by           144,598,829  99.98   30,307   0.02  144,629,136  54.10%                           98,512
 rotation in accordance with Article 21.3 of the Articles.

 9.   To re-elect Ms Trina Le Noury as a Director who retires by rotation in     144,619,592  99.99   9,544    0.01  144,629,136  54.09%                           98,512
 accordance with Article 21.3 of the Articles.

 10.  Authority to make acquisitions of the Company's own shares.                144,610,012  99.98   24,865   0.02  144,634,877  54.10%                           92,771

 11. To approve the Company's dividend policy.                                   144,639,971  100.00  0        0.00  144,639,971  54.09%                           87,677

 EXTRAORDINARY RESOLUTION
 12.  Authority to allot and issue shares and to sell shares held in treasury    144,411,744  99.89   165,790  0.11  144,577,534  54.13%                           150,114
 as if the pre-emption rights in the Articles do not apply.

 

 

*A 'vote withheld' is not a vote in law and is not counted towards the
proportion of votes 'for' and 'against' a resolution.

 

As at the date of the AGM, the number of ordinary shares in issue, and
therefore the total number of voting rights was 267,406,330.

 

A copy of the full text of Extraordinary Resolution 12 will be submitted to
the National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

 

For further information, please contact:

 

 Tufton Investment Management Ltd (Investment Manager)                  +44 (0) 20 7518 6700

 Andrew Hampson

 Nicolas Tirogalas

 Singer Capital Markets                                                +44 (0) 20 7496 3000

 James Maxwell, Alex Bond, (Corporate Finance)

 Alan Geeves, James Waterlow, Sam Greatrex (Sales)

 Hudnall Capital LLP                                                     +44 (0) 20 7520 9085

 Andrew Cade

 

About the Company

Tufton Assets Limited 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's investment manager is Tufton
Investment Management Ltd. The Company has raised a total of approximately
USD316.5 million (gross) through its Initial Public Offering on the Specialist
Fund Segment of the London Stock Exchange on 20 December 2017 and subsequent
capital raises, and the Company has returned USD185.1 million to investors
over the same period of time.

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