18 December
2024
Taylor Maritime Investments
Limited (the "Company")
Director/PDMR
Shareholding
The Company announces that Trudi
Clark, Non-Executive Director, has purchased 50,000 ordinary shares
in the capital of the Company ("Ordinary Shares") as
follows:
|
Director/PDMR
|
Ordinary Shares Acquired
|
Price per
Ordinary Share
|
Total Holding
following Purchase
|
%
of the Company's
issued share capital now held
|
|
Trudi Clark
|
50,000
|
USD0.99
|
120,000
|
0.036%
|
The relevant notifications set out
below are provided in accordance with the requirements of the
Market Abuse Regulation.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Trudi Clark
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Taylor Maritime Investments
Limited
|
|
b)
|
LEI
|
213800FELXGYTYJBBG50
|
|
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 financial
instrument, type of instrument
|
Ordinary shares
|
|
|
|
|
Identification code
(ISIN)
|
GG00BP2NJT37
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase
Purchase not linked to a share
option programme
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
$0.9898
|
50,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
50,000
|
|
- Total Price
|
USD 49,490
|
|
|
|
|
e)
|
Date of the transaction
|
18 December 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
ENDS
|
For further information, please
contact:
|
Taylor Maritime Investments
Limited
Edward
Buttery
Camilla Pierrepont
|
IR@tminvestments.com
|
|
Jefferies International
Limited
Stuart Klein
Gaudi Le Roux
|
+44 20 7029 8000
|
|
Sanne Fund Services (Guernsey) Limited
Matt Falla
|
+44 (0) 203 530 3107
|
|
|
|
|
|
The person responsible for arranging
for the release of this announcement on behalf of the Company is
Matt Falla of Sanne Fund Services (Guernsey) Limited.
Notes to Editors
About the Company
Taylor Maritime Investments Limited
is an internally managed investment company listed under the
closed-ended investment funds category of the FCA's UK Listing
Rules sourcebook (previously the Premium Segment of the Official
List), with its shares trading on the Main Market of the London
Stock Exchange since May 2021. As announced previously, the Company
is proposing to transfer the Company's equity shares listing from
the closed-ended investment funds category to the equity shares
(commercial companies) category of the Official List. The
Company specializes in the acquisition and chartering of vessels in
the Handysize and Supra/Ultramax bulk carrier segments of the
global shipping sector. The Company invests in a diversified
portfolio of vessels which are primarily second-hand and Japanese
built.
The Company acquired a controlling
stake in Grindrod Shipping Holdings Limited ("Grindrod") in
December 2022 and, following a selective capital reduction which
took effect on 16 August 2024, Grindrod became a wholly owned
subsidiary of the Company and was delisted from each of Nasdaq and
the JSE. As a result, the Company, through its subsidiaries,
currently has an owned fleet of 31 dry bulk vessels consisting of
21 Handysize vessels (including one vessel held for sale) and ten
Supra/Ultramax vessels (including one vessel under a JV agreement
and one long-term chartered in vessel with purchase option).
The Company also has six vessels in its short-term chartered in
fleet. The ships are employed utilising a variety of
employment/charter strategies.
The Company's target dividend policy
is 8 cents p.a. paid on a quarterly basis, with a targeted total
NAV return of 10-12% per annum over the medium to
long-term.
For more information, please
visit www.taylormaritimeinvestments.com.
About Geared Vessels
Geared vessels are characterised by
their own cargo loading and discharging equipment. The Handysize
and Supra/Ultramax market segments are particularly attractive,
given the flexibility, versatility and port accessibility of these
vessels which carry necessity goods - principally food and products
related to infrastructure building - ensuring broad diversification
of fleet activity and stability of earnings through the
cycle.
IMPORTANT NOTICE
The information in this announcement
may include forward-looking statements, which are based on the
current expectations and projections about future events and in
certain cases can be identified by the use of terms such as "may",
"will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target", "believe" (or the negatives
thereon) or other variations thereon or comparable terminology.
These forward-looking statements are subject to risks,
uncertainties and assumptions about the Company, including, among
other things, the development of its business, trends in its
operating industry, and future capital expenditures and
acquisitions. In light of these risks, uncertainties and
assumptions, the events in the forward-looking statements may not
occur.
References to target dividend yields
and returns are targets only and not profit forecasts and there can
be no assurance that these will be achieved.
LEI: 213800FELXGYTYJBBG50