21st Mar 2019 14:06
LONDON (Alliance News) - Tufton Oceanic Asset Ltd on Thursday said that Chair Robert King acquired shares in the company worth USD10,200.
King bought 10,000 shares at USD1.02 each. Following Thursday's purchase, he has a beneficial interest in 45,000 shares representing 0.02% of the total stake in the company.
Shares in the investment firm were untraded, last closing at USD1.04.
Earlier on Thursday, Tufton reported a fall in its interim net asset value per share.
At the end of December, the investment company, which acquires vessels and other maritime assets, registered a net asset value per share of USD0.9872, down from USD1.016 at the end of June.
During the period, Tufton acquired three product tankers, one containership and one handysize bulker, investing USD75.2 million.
Looking ahead, Tufton will continue to look for further acquisitions, and "new and varied opportunities" to increase the size of the company through 2019 and beyond.
Related Shares:
Tufton Assets.