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IN BRIEF: Tufton Oceanic Assets raises USD12.4 million in tap issue

6th Aug 2021 14:09

Tufton Oceanic Assets Ltd - London-based maritime assets investor - Says that it has raised gross proceeds of USD12.4 million via the issue of approximately 10.5 million tap issue shares at a price of USD1.18 per share. The tap issue was materially oversubscribed and a scaling back exercise in respect of the tap issue was therefore carried out. Following admission, Tufton will have around 280.6 million shares in issue.

Current stock price: USD1.21

Year-to-date change: up 30%

By Amrit Sahota; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Tufton Assets.
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