REG - Tufton Oceanic Asset Tufton Oceanic -SHPP - Result of AGM

Tufton AssetsAnnouncement

24/10/2024 14:00

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RNS Number : 5124J  Tufton Oceanic Assets Ltd.  24 October 2024

24 October 2024

 

Tufton Oceanic 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 24 October 2024. Resolutions 1-14 inclusive were duly passed
by way of a poll.

 

In particular, the Board would like to draw shareholder attention to the
passing of Resolutions 12 and 13 whereby shareholders approved the
continuation of the Company as set out in the Prospectus dated 25 September
2018 (Resolution 12) and in addition, the Company's name change from Tufton
Oceanic Assets Limited to Tufton Assets Limited as of 1 November 2024
(Resolution 13).

 

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    197,770,316  100.00  0          0.00  197,770,316  73.04%                           7,182
 for the year ended 30 June 2024.

 2.   To re-appoint PricewaterhouseCoopers CI LLP as auditor to the Company      197,609,872  99.92   148,908    0.08  197,758,780  73.03%                           18,718
 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            197,625,656  100.00  0          0.00  197,625,656  72.99%                           151,842
 auditor.

 4.   To approve the remuneration of the Directors for the year ended 30 June    197,647,677  99.97   57,846     0.03  197,705,523  73.02%                           71,975
 2024, as set out in the Directors' Report.

 5.   To re-elect Mr Robert King as a Director who retires by rotation in        197,734,255  100.00  6,976      0.00  197,741,231  73.03%                           36,267
 accordance with Article 21.3 of the Articles.

 6.   To re-elect Mr Stephen Le Page as a Director who retires by rotation in    197,734,255  100.00  6,976      0.00  197,741,231  73.03%                           36,267
 accordance with Article 21.3 of the Articles.

 7.   To re-elect Mr Paul Barnes as a Director who retires by rotation in        197,621,255  99.94   119,976    0.06  197,741,231  73.03%                           36,267
 accordance with Article 21.3 of the Articles.

 8.    To re-elect Ms Christine Rødsæther as a Director who retires by           197,744,250  100.00  6,976      0.00  197,751,226  73.03%                           26,272
 rotation in accordance with Article 21.3 of the Articles.

 9.   To elect Ms Trina Le Noury as a Director who retires by rotation in        197,631,064  99.94   119,976    0.06  197,751,040  73.03%                           26,458
 accordance with Article 21.3 of the Articles.

 10.  Authority to make acquisitions of the Company's own shares.                197,744,533  99.99   18,603     0.01  197,763,136  73.04%                           14,362

 11. To approve the Company's dividend policy.                                   197,759,296  100.00  2,325      0.00  197,761,621  73.04%                           15,877

 12. To approve the Continuation of the Company.                                 190,871,147  96.51   6,892,691  3.49  197,763,838  73.05%                           13,660

 SPECIAL RESOLUTION
 13. To approve the Company name change.                                         197,528,964  99.93   146,575    0.07  197,675,539  73.00%                           101,959

 EXTRAORDINARY RESOLUTION
 14.  Authority to allot and issue shares and to sell shares held in treasury    197,493,637  99.87   247,418    0.13  197,741,055  73.03%                           36,443
 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 270,756,330.

 

A copy of the full text of Extraordinary Resolution 14 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, 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.

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