SHIP Tufton Oceanic Assets Limited

TIDMSHIP TIDMSHPP

RNS Number : 0701I

Tufton Oceanic Assets Ltd.

02 August 2023

02 August 2023

Tufton Oceanic Assets Limited (The "Company")

Dividend Currency Election

An announcement was made on 19 July 2023 regarding the dividend to be paid on 11 August 2023 and the option for shareholders to elect to receive this in GBP rather than USD.

The Company can now confirm the dividend rate per share to be used to pay shareholders who elected to receive their dividend in GBP will be GBP 0.01662 per share (USD 0.02125 per share converted into GBP using an FX rate of 0.78195(1) ).

(1) Mid-market rate as at 02 August 2023 at 07:52:02, rounded to 5dp

ENDS

For further information, please contact:

 
 Tufton Investment Management Ltd (Investment 
  Manager) 
  Andrew Hampson                                   +44 (0) 20 7518 
  Paulo Almeida                                               6700 
 
 Singer Capital Markets 
  James Maxwell, Alex Bond (Corporate Finance) 
  Alan Geeves, James Waterlow, Sam Greatrex        +44 (0) 20 7496 
  (Sales)                                                     3000 
 
 Hudnall Capital LLP                               +44 (0) 20 7520 
  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 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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END

DIVGCGDISBGDGXD

(END) Dow Jones Newswires

August 02, 2023 05:16 ET (09:16 GMT)

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