Tufton Oceanic Assets Limited

AGM Information • Oct 28, 2022

National Storage Mechanism | Additional information

RNS Number : 4122E

Tufton Oceanic Assets Ltd.

28 October 2022

28 October 2022

TUFTON OCEANIC ASSETS LIMITED

("Tufton Oceanic Assets" or the "Company")

Result of Annual General Meeting

Tufton Oceanic Assets announces the results of its Annual General Meeting ("AGM") held at 12:30 p.m. on 27 October 2022. Resolutions 1-11 inclusive were duly passed by way of a poll.

Although resolutions 2 and 5 were passed, the Board notes that 14.90% and 8.30% of votes were received against these resolutions respectively.

The full results of the AGM are as follows:

ORDINARY RESOLUTIONS

FOR

AGAINST

TOTAL VOTES

% OF ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD*

Votes

%

Votes

%

1. Ordinary

157,993,110

100.00

0

0

157,993,110

51.19

7,721

2. Ordinary

134,452,552

85.10

23,543,584

14.90

157,996,136

51.19

4,695

3. Ordinary

157,982,405

<99.99

1,423

>0.01

157,983,828

51.19

17,003

4. Ordinary

157,970,059

99.99

8,387

0.01

157,978,446

51.19

22,385

5. Ordinary

144,875,601

91.70

13,109,852

8.30

157,985,453

51.19

15,378

6. Ordinary

155,222,613

100.00

0

0

155,222,613

50.29

2,778,218

7. Ordinary

157,983,842

100.00

1,611

0

157,985,453

51.19

15,378

8. Ordinary

157,985,453

100.00

0

0

157,985,453

51.19

15,378

9. Ordinary

157,985,159

99.99

9,282

0.01

157,994,441

51.19

6,390

10. Ordinary

157,996,136

100.00

0

0

157,996,136

51.19

4,695

11. Extraordinary

155,026,504

98.13

2,954,527

1.87

157,981,031

51.19

19,800

*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.

As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 308,628,541.

A copy of the full text of Extraordinary Resolutions 11 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Paulo Almeida	+44 (0) 20 7518 6700
Singer Capital Markets James Maxwell, Alex Bond (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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