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SHIP Tufton Oceanic Assets Limited

1.09
0.00 (0.00%)
Last Updated: 08:00:13
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tufton Oceanic Assets Limited LSE:SHIP London Ordinary Share GG00BDFC1649 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.09 1.08 1.10 1.09 1.085 1.09 25,783 08:00:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -33.95M -2.47M -0.0084 -102.38 253.51M

Tufton Oceanic Assets Ltd. Board Appointment (5249Y)

09/09/2020 4:15pm

UK Regulatory


Tufton Oceanic Assets (LSE:SHIP)
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TIDMSHIP

RNS Number : 5249Y

Tufton Oceanic Assets Ltd.

09 September 2020

09 September 2020

Tufton Oceanic Assets Limited ("SHIP")

Board Appointment

The Board of Directors of Tufton Oceanic Assets Limited (LSE: SHIP), is pleased to announce the appointment of Christine Rødsæther as a non-executive Director of the Company, the effective date of which will be confirmed by the Company in due course and is subject to regulatory approval.

Christine is a partner of law firm Simonsen Vogt Wiig, with more than 30 years' experience working in the international shipping sector and offshore related transactions, design, vessel construction, offshore installations, restructurings, international banking and finance. Previously, she was a partner in Andersen Legal ANS and a lawyer at Wikborg, Rein & Co. Christine has extensive board experience, and currently serves on the boards of OSE listed Odfjell SE and Norwegian Finans Holding ASA as well as Bank Norwegian AS. Christine is Norwegian and is resident in Norway.

Robert King, Chairman, commented:

"We are delighted to welcome Christine to the Board as she brings both extensive and relevant experience to the Company."

DIRECTORS' DECLARATIONS PURSUANT TO RULE 9.6.13R OF THE LISTING RULES

As noted above, Christine is currently a director of the Oslo Stock Exchange listed companies Odfjell SE and and Norwegian Finans Holding ASA as well as Bank Norwegian AS.

Within the last five years, Christine Rødsæther has been a director of Tide ASA. She resigned in 2017 when the Company delisted from the Oslo Stock Exchange. Additionally, Christine was previously a director of Songa Bulk ASA (a Company formerly listed on Oslo Axess) and resigned in 2018 following a merger with Axxis Geo Solutions.

There are no further disclosures required under Rule 9.6.13R of the Listing Rules of the UKLA in respect of Christine Rødsæther.

The Board of Directors consider Christine to be independent on appointment per the AIC Code of Corporate Governance.

For further information, please contact:

 
 Tufton Oceanic Limited (Investment                                        +44 (0) 20 7518 6700 
  Manager) 
  Andrew Hampson 
  Paulo Almeida 
 
 N+1 Singer                                                                +44 (0) 20 7496 3000 
  James Maxwell, Alex Bond (Corporate 
  Finance) 
  Alan Geeves, James Waterlow, Sam Greatrex 
  (Sales) 
 
 Hudnall Capital LLP                                                       +44 (0) 20 7520 9085 
  Andrew Cade 
 

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 $250m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019 and a placing in September 2019 .

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

September 09, 2020 11:15 ET (15:15 GMT)

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