Tufton Oceanic Asset Tufton Oceanic -SHPP - Result of AGM

Tufton Assets

28/10/2022 07:00

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RNS Number : 4122E  Tufton Oceanic Assets Ltd.  28 October 2022

28 October 2022

 

 

TUFTON OCEANIC ASSETS LIMITED

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

 

Result of Annual General Meeting

 

Tufton Oceanic Assets announces the results of its Annual General Meeting
("AGM") held at 12:30 p.m. on 27 October 2022. Resolutions 1-11 inclusive were
duly passed by way of a poll.

 

Although resolutions 2 and 5 were passed, the Board notes that 14.90% and
8.30% of votes were received against these resolutions respectively.

 

The full results of the AGM are as follows:

 

 ORDINARY RESOLUTIONS  FOR                     AGAINST               TOTAL VOTES  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD*

                       Votes        %          Votes       %

 1. Ordinary           157,993,110  100.00     0           0         157,993,110  51.19                            7,721
 2. Ordinary           134,452,552  85.10      23,543,584  14.90     157,996,136  51.19                            4,695
 3. Ordinary           157,982,405  <99.99     1,423       >0.01     157,983,828  51.19                            17,003
 4. Ordinary           157,970,059  99.99      8,387       0.01      157,978,446  51.19                            22,385
 5. Ordinary           144,875,601  91.70      13,109,852  8.30      157,985,453  51.19                            15,378
 6. Ordinary           155,222,613  100.00     0           0         155,222,613  50.29                            2,778,218
 7. Ordinary           157,983,842  100.00     1,611       0         157,985,453  51.19                            15,378
 8. Ordinary           157,985,453  100.00     0           0         157,985,453  51.19                            15,378
 9. Ordinary           157,985,159  99.99      9,282       0.01      157,994,441  51.19                            6,390
 10. Ordinary          157,996,136  100.00     0           0         157,996,136  51.19                            4,695
 11. Extraordinary     155,026,504  98.13      2,954,527   1.87      157,981,031  51.19                            19,800

VOTES WITHHELD*

 

Votes

%

 

Votes

 

%

1. Ordinary

157,993,110

100.00

0

0

157,993,110

51.19

7,721

2. Ordinary

134,452,552

85.10

23,543,584

14.90

157,996,136

51.19

4,695

3. Ordinary

157,982,405

<99.99

1,423

>0.01

157,983,828

51.19

17,003

4. Ordinary

157,970,059

99.99

8,387

0.01

157,978,446

51.19

22,385

5. Ordinary

144,875,601

91.70

13,109,852

8.30

157,985,453

51.19

15,378

6. Ordinary

155,222,613

100.00

0

0

155,222,613

50.29

2,778,218

7. Ordinary

157,983,842

100.00

1,611

0

157,985,453

51.19

15,378

8. Ordinary

157,985,453

100.00

0

0

157,985,453

51.19

15,378

9. Ordinary

157,985,159

99.99

9,282

0.01

157,994,441

51.19

6,390

10. Ordinary

157,996,136

100.00

0

0

157,996,136

51.19

4,695

11. Extraordinary

155,026,504

98.13

2,954,527

1.87

157,981,031

51.19

19,800

 

*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 308,628,541.

 

A copy of the full text of Extraordinary Resolutions 11 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

 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.

 

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