Tufton Oceanic Assets Ltd. Director's Dealing (6241T)

TIDMSHIP

RNS Number : 6241T

Tufton Oceanic Assets Ltd.

21 March 2019

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                          Tel: [phone] 
  Andrew Hampson                                  6700 
  Paulo Almeida 
 N+1 Singer                                      Tel: [phone] 
  James Maxwell, Alex Bond (Corporate Finance)    3030 
  Alan Geeves, James Waterlow, Sam Greatrex 
  (Sales) 
 Hudnall Capital LLP                             Tel: [phone] 
  Andrew Cade                                     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                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------ 
 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                       Ordinary Shares of NPV 
        financial instrument, 
        type of instrument 
 
       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 
      ---------------------------------------  ------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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March 21, 2019 09:51 ET (13:51 GMT)