19 February 2024
Tufton Oceanic Assets Limited
("Tufton Oceanic Assets" or the "Company")
Transaction in Own Shares
The Company announces that on 16 February 2024 it purchased 925,000 ordinary shares at a price of $1.08 per share in accordance with the authority granted to it by Shareholders at its 2023 Annual General Meeting. The purchased shares will be held in treasury. Following this purchase, the Company will have 292,282,541 ordinary shares in issue with voting rights and 16,346,000 ordinary shares held in treasury.
This figure 292,282,541 represents the total voting rights in the Company and may be used by Shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
| Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Nicolas Tirogalas
| +44 (0) 20 7518 6700 |
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| Singer Capital Markets James Maxwell, Alex Bond, Angus Campbell (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales) | +44 (0) 20 7496 3000 |
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| Hudnall Capital LLP Andrew Cade | +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 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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