Tufton Oceanic Assets Ltd. Compulsory Redemption Currency Election
15 Agosto 2024 - 4:04PM
RNS Regulatory News
RNS Number : 6521A
Tufton Oceanic Assets Ltd.
15 August 2024
15 August 2024
Tufton
Oceanic Assets Limited (The "Company")
Compulsory Redemption Currency Election
An announcement was made on 15
August 2024 regarding the compulsory redemption and the option for
shareholders to elect to receive this in GBP rather than
USD.
The Company can now confirm the rate
per share to be used to pay shareholders who elected to receive
their redemption proceeds in GBP will be GBP 1.20457 per share (USD $1.550
per share converted into GBP using an FX
rate of 0.777141).
1 Mid-market rate as at 15 August 2024
at 11:00, rounded to 5dp
ENDS
For
further information, please contact:
|
Tufton Investment Management Ltd (Investment
Manager)
Andrew Hampson
Nicolas Tirogalas
|
+44 (0) 20 7518
6700
|
|
|
|
|
Singer Capital Markets
James Maxwell, Alex Bond, Jalini
Kalaravy (Corporate Finance)
Alan Geeves, James Waterlow, Sam
Greatrex (Sales)
|
+44 (0) 20 7496
3000
|
|
|
|
|
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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END
CASEALPSFEFLEFA
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