Tufton Oceanic Assets Ltd. $19.9m Investment in one Crude Oil Tanker (0029O)
30 Settembre 2019 - 8:00AM
UK Regulatory
TIDMSHIP
RNS Number : 0029O
Tufton Oceanic Assets Ltd.
30 September 2019
30 September 2019
Tufton Oceanic Assets Limited (The "Company")
$19.9m Investment in one Crude Oil Tanker
The Board of Tufton Oceanic Assets Limited (ticker: SHIP.L) is
pleased to announce that the Company has agreed to acquire a Crude
Oil Tanker for $19.9m. This acquisition will take the Company's
fleet to sixteen vessels.
The vessel is time chartered to a major tanker operator for two
years at a fixed floor rate plus a profit-sharing mechanism. The
forecasted yield exceeds the targets expressed in the Company's
prospectus dated 25 September 2018.
Tufton Oceanic Ltd, the Investment Manager, continues to
identify an attractive pipeline of opportunities across a range of
the Company's target sectors.
For further information, please contact:
Tufton Oceanic Ltd Tel: +44 (0) 20 7518 6700
Andrew Hampson
Paulo Almeida
N+1 Singer Tel: +44 (0) 207 496 3000
James Maxwell, Alex Bond (Corporate Finance)
Alan Geeves, James Waterlow, Sam Greatrex (Sales)
Hudnall Capital LLP Tel: +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 $219m (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.
END
ACQUBRORKWAKUAR
(END) Dow Jones Newswires
September 30, 2019 02:00 ET (06:00 GMT)
Grafico Azioni Tufton Oceanic Assets (LSE:SHIP)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Tufton Oceanic Assets (LSE:SHIP)
Storico
Da Apr 2023 a Apr 2024