Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor in managed wind-down - Buys back 55.4 million shares at USD0.81, worth USD45 million, in the company's fourth compulsory partial share redemption. Taylor Maritime has 35.5 million shares remaining in issue. The share redemption returns cash from the sale of three handysize vessels for USD48.6 million in September. Read More
(Alliance News) - Taylor Maritime Ltd on Friday reported a decline in its net asset value during the September quarter, as it provided an update on its managed realisation strategy. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor in managed wind-down - Sells three handysize vessels for USD48.6 million gross in cash, partly to a company controlled by Chief Executive Officer Edward Buttery. The sales are expected to be completed by the end of September, Taylor Maritime says, and the majority of the net proceeds will be returned to shareholders by means of a compulsory partial redemption of shares. Taylor Maritime has been conducting share redemptions since the start of the year as part of its managed wind-down. The sale of one of the three vessels, which are small-sized cargo ships, is to T3 Holding Ltd, a company controlled by CEO Buttery, while the sale of the other two vessels is to T3 and Hermes World Maritime SA, a third party unrelated to Taylor Maritime. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Taylor Maritime Ltd on Friday announced a narrowed loss as it expects tonne-mile growth from grain trade to be meaningfully stronger than volume growth. Read More
Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor - Updates on plans for a USD45 million third capital distribution, first announced on June 23. Funds will be distributed among shareholders through a compulsory partial redemption at 85.83 US cents per ordinary share. Says around 37% of its issued share capital will be redeemed, equivalent to approximately 52.4 million shares, on Friday. It currently has 143.4 million shares in issue, and will cancel the redeemed shares. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More
Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor - Provides details for the capital return it announced with interim results in December. Taylor Maritime will return USD143.4 million to share holders by means of a compulsory partial redemption of shares at USD0.94 per share. The price represents the company's net asset value per share on December 31, minus direct costs of the redemption. A total of 151.9 million shares will be redeemed, 46% of the current total of 330.2 million. The redemption needs to be approved by shareholders at a general meeting set for January 27. It will be based on the share register as of January 30, and payment will be made around February 13. The remaining shares will trade under a new ISIN number from February 2 but its tickers will remain TMI and TMIP. Read More
(Alliance News) - Taylor Maritime Ltd on Friday reported a widened interim loss as it marched on with its strategic vessel divestment programme and announced a proposed return of capital. Read More
(Alliance News) - Taylor Maritime Ltd on Friday said it has sold a further ten vessels for a total of USD176.3 million as it seeks to "defend shareholder value" given its view of "further potential downside in asset values". Read More
(Alliance News) - Taylor Maritime Ltd on Wednesday said it has sold ten new vessels for a combined total of USD176.3 million, at an average 1.1% discount to fair market value. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and Monday and not separately reported by Alliance News: Read More
Taylor Maritime Ltd - Guernsey, England-based shipping investor - Says name change from Taylor Maritime Investments Ltd is effective on Monday after shareholders backed move. The company confirms the transfer of its ordinary shares listing from the closed-ended investment funds category to the equity shares category of the Official List, effective on Monday. It appoints Deputy Chief Executive Officer Alexander Slee, Chief Financial Officer Yam Lay Tan and Chief Strategy Officer Camilla Pierrepont as executive directors with effect from Tuesday. Read More