REG - Tufton Oceanic Asset Tufton Oceanic -SHPP - 2Q24 Net Asset Value and Dividend Declaration

Tufton AssetsAnnouncement

17/07/2024 07:00

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RNS Number : 6307W  Tufton Oceanic Assets Ltd.  17 July 2024

17 July 2024

Tufton Oceanic Assets Limited ("SHIP" or the "Company")

2Q24 Net Asset Value and Dividend Declaration

The Company announces that as at 30 June 2024, the unaudited net asset value
("NAV") was $451.0 million (£356.8 million i ) and the unaudited NAV per
ordinary share was $1.550 (£1.226i). The NAV total return for the quarter was
5.2% and 20.6% for the financial year to 30 June 2024.

The Company is pleased to announce a dividend of $0.025 per ordinary share for
the quarter ending 30 June 2024. The dividend will be paid on 9 August 2024 to
holders of ordinary shares recorded on the register as at the close of
business on 26 July 2024 with an ex-dividend date of 25 July 2024.

The Company's quarterly factsheet as at 30 June 2024 will shortly be available
on the Company's website in the Investor Relations section
at www.tuftonoceanicassets.com/quarterly-reports
(http://www.tuftonoceanicassets.com/quarterly-reports) .

Dividend currency declaration

The Company advises that the default payment for dividends remains in US
Dollar, however, dividends are capable of being paid in GBP Sterling, provided
that the relevant shareholder has registered to receive their dividend in GBP
Sterling under the Company's Dividend Currency Election. A copy of the
Dividend Currency Election form, which should be sent to Computershare
Investor Services plc, The Pavilions, Bridgwater Road, Bristol, BS99 6BD no
later than 29 July 2024, is available on the Company's website
at  http://www.tuftonoceanicassets.com/company-documents/
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.tuftonoceanicassets.com%2Fcompany-documents&data=05%7C01%7Ckashyap.swamy%40tufton.com%7C8f86d2edaa5342029cee08da689d4418%7C25b63662790a469f88cd0aaecf159641%7C0%7C1%7C637937321912529957%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=I35vc%2FHh1tuwm%2Ffkwp%2FpQi5kYk2SdKNlIWnH7hOC%2Bl4%3D&reserved=0)
.

 

The Dividend Currency Election Form should only be completed by shareholders
who hold shares in certificated form. CREST shareholders must elect via
CREST. Non-CREST shareholders wishing to receive Company dividends by
electronic funds transfer directly to their bank accounts can register for
Computershare's Global Payment Service at  www.investorcentre.co.uk
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.investorcentre.co.uk%2F&data=05%7C01%7Ckashyap.swamy%40tufton.com%7C8f86d2edaa5342029cee08da689d4418%7C25b63662790a469f88cd0aaecf159641%7C0%7C1%7C637937321912529957%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=qPUyp2e1I83wrCiDdg9VpBHMdEwL%2F4a286TAH9ZXwL0%3D&reserved=0)

 

For further information, please contact:

 Tufton Investment Management Limited ("Investment Manager" or "Tufton")                               +44 (0) 20 7518 6700

 Andrew Hampson

 Nicolas Tirogalas

 Singer Capital Markets                                                                                +44 (0) 20 7496 3000

 James Maxwell, Alex Bond, Jalini Kalaravy (Corporate Finance)

 Alan Geeves, James Waterlow, Sam Greatrex (Sales)
 Hudnall Capital LLP                                                                                   +44 (0) 20 7520 9085

 Andrew Cade

About the Company

Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand
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
$316.5m (gross) through its Initial Public Offering on the Specialist Fund
Segment of the London Stock Exchange on 20 December 2017 and subsequent
capital raises.

 i  28 June 2024 closing mid-rate of USD/GBP 0.7911. Source: Morningstar

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