Tufton Oceanic Assets Ltd. Result of AGM
25 October 2024 - 12:00AM
RNS Regulatory News
RNS Number : 5124J
Tufton Oceanic Assets Ltd.
24 October 2024
24
October 2024
Tufton Oceanic Assets
Limited
(the
"Company")
Result of Annual General
Meeting
The Company announces the results of
its Annual General Meeting ("AGM") held at 11.00 a.m. on 24 October
2024. Resolutions 1-14 inclusive were duly passed by way of a
poll.
In particular, the Board would like
to draw shareholder attention to the passing of Resolutions 12 and
13 whereby shareholders approved the continuation of the Company as
set out in the Prospectus dated 25 September 2018 (Resolution 12)
and in addition, the Company's name change from Tufton Oceanic
Assets Limited to Tufton Assets Limited as of 1 November 2024
(Resolution 13).
The full results of the AGM were as
follows:
|
ORDINARY
RESOLUTIONS
|
FOR
|
AGAINST
|
TOTAL VOTES
|
% OF ISSUED SHARE CAPITAL
VOTED
|
VOTES
WITHHELD*
|
|
Votes
|
%
|
Votes
|
%
|
|
1. To receive the
Company's Annual Report and Audited Financial Statements for the
year ended 30 June 2024.
|
197,770,316
|
100.00
|
0
|
0.00
|
197,770,316
|
73.04%
|
7,182
|
|
2. To re-appoint
PricewaterhouseCoopers CI LLP as auditor to the Company until the
conclusion of the next general meeting at which accounts are laid
before the Company.
|
197,609,872
|
99.92
|
148,908
|
0.08
|
197,758,780
|
73.03%
|
18,718
|
|
3. To authorise the
Directors to determine the remuneration of the auditor.
|
197,625,656
|
100.00
|
0
|
0.00
|
197,625,656
|
72.99%
|
151,842
|
|
4. To approve the
remuneration of the Directors for the year ended 30 June 2024, as
set out in the Directors' Report.
|
197,647,677
|
99.97
|
57,846
|
0.03
|
197,705,523
|
73.02%
|
71,975
|
|
5. To re-elect Mr Robert
King as a Director who retires by rotation in accordance with
Article 21.3 of the Articles.
|
197,734,255
|
100.00
|
6,976
|
0.00
|
197,741,231
|
73.03%
|
36,267
|
|
6. To re-elect Mr
Stephen Le Page as a Director who retires by rotation in accordance
with Article 21.3 of the Articles.
|
197,734,255
|
100.00
|
6,976
|
0.00
|
197,741,231
|
73.03%
|
36,267
|
|
7. To re-elect Mr Paul
Barnes as a Director who retires by rotation in accordance with
Article 21.3 of the Articles.
|
197,621,255
|
99.94
|
119,976
|
0.06
|
197,741,231
|
73.03%
|
36,267
|
|
8. To re-elect Ms
Christine Rødsæther as a Director who retires by rotation in
accordance with Article 21.3 of the Articles.
|
197,744,250
|
100.00
|
6,976
|
0.00
|
197,751,226
|
73.03%
|
26,272
|
|
9. To elect Ms Trina Le
Noury as a Director who retires by rotation in accordance with
Article 21.3 of the Articles.
|
197,631,064
|
99.94
|
119,976
|
0.06
|
197,751,040
|
73.03%
|
26,458
|
|
10. Authority to make
acquisitions of the Company's own shares.
|
197,744,533
|
99.99
|
18,603
|
0.01
|
197,763,136
|
73.04%
|
14,362
|
|
11. To approve the Company's
dividend policy.
|
197,759,296
|
100.00
|
2,325
|
0.00
|
197,761,621
|
73.04%
|
15,877
|
|
12. To approve the Continuation of
the Company.
|
190,871,147
|
96.51
|
6,892,691
|
3.49
|
197,763,838
|
73.05%
|
13,660
|
|
SPECIAL
RESOLUTION
|
|
|
13. To approve the Company name
change.
|
197,528,964
|
99.93
|
146,575
|
0.07
|
197,675,539
|
73.00%
|
101,959
|
|
EXTRAORDINARY
RESOLUTION
|
|
|
14. Authority to allot and
issue shares and to sell shares held in treasury as if the
pre-emption rights in the Articles do not apply.
|
197,493,637
|
99.87
|
247,418
|
0.13
|
197,741,055
|
73.03%
|
36,443
|
*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 270,756,330.
A copy of the full text of
Extraordinary Resolution 14 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
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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