21st Mar 2019 13:51
Tufton Oceanic Assets Limited (the "Company")
Director's Dealing
Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:
The Company was notified today, 21 March 2019, that Mr Robert King, Chairman of the Company, purchased 10,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of $1.02 per Ordinary Share.
Following this transaction, Robert King has a beneficial interest in 45,000 Ordinary Shares representing 0.02% of the total Ordinary Shares in issue.
Details of the transaction can be found in the Notification of Dealing Form below.
Tufton Oceanic Limited Andrew Hampson Paulo Almeida
| Tel: +44 (0) 20 7518 6700 |
N+1 Singer James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)
| Tel: +44 (0) 207 496 3030 |
Hudnall Capital LLP Andrew Cade
| Tel: +44 (0) 20 7520 9085 |
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 Oceanic Ltd. The Company has raised a total of approximately $220m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, and subsequent issues in October 2018 and March 2019.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr Robert King | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Tufton Oceanic Assets Limited | |||
b)
| LEI
| 213800L1N2V3FVNOSY44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of NPV | |||
Identification code | GG00BDFC1649 | ||||
b)
| Nature of the transaction
| Purchase of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
US$1.02 | 10,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 10,000 | ||||
- Price | US$10,200 | ||||
e)
| Date of the transaction
| 21 March 2019 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Related Shares:
Tufton Assets.