Tufton Oceanic Asset - GBP quote & future dividends in GBP

Tufton Assets

29/06/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220629:nRSc5447Qa&default-theme=true

RNS Number : 5447Q  Tufton Oceanic Assets Ltd.  29 June 2022

29 June 2022

 

Tufton Oceanic Assets Limited (The "Company")

Application re: GBP Quote and capability to receive future dividends in GBP
Sterling

The Board of Tufton Oceanic Assets Limited (ticker: SHIP.L) is pleased to
announce that it has applied to introduce an additional market quote for the
Company's shares on the London Stock Exchange denominated in GBP Sterling (the
"GBP Quote"). The GBP Quote will appear alongside the Company's existing US
Dollar market quote (the "USD Quote") and there will be no changes to the
legal form or nature of the Company's shares nor to the reporting currency of
the Company's financial statements (which will remain in US Dollars).

The Company's existing ticker, ISIN and SEDOL will remain unchanged. However,
in connection with the GBP Quote the Company will introduce a new ticker and
SEDOL with effect from 8.00 a.m. on 1 July 2022, as set out below.

         GBP Quote     US Dollar Quote
 ISIN    GG00BDFC1649  GG00BDFC1649
 SEDOL   BMB3NJ1       BDFC164
 Ticker  SHPP          SHIP

 

In addition, in the future the GBP Sterling equivalent of the US Dollar net
asset value per share will be presented for information purposes only
alongside the US Dollar net asset value per share, at the USD:GBP spot rate on
the close of business on the net asset value calculation date.

Dividend Currency Election

In light of the Company's application for the GBP Quote, the Board also
announces that future dividends (including the Company's Q2 2022 dividend)
will be capable of being paid in GBP Sterling, rather than US Dollars,
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 when completed, will shortly be available on the Company's website at
http://www.tuftonoceanicassets.com/company-documents/
(http://www.tuftonoceanicassets.com/company-documents/) . The Dividend
Currency Election Form should only be completed by shareholders who hold
shares in certificated form.  CREST shareholders must elect via CREST.

Full details of how to elect are set out in the Terms and Conditions which are
now available on the Company's website.

For further information, please contact:

 

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

 Andrew Hampson

 Paulo Almeida

 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 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBRGDLUDDDGDI