26 February
2025
Taylor Maritime Limited (the
"Company")
Director/PDMR
Shareholding
The Company announces that Edward
Buttery, Chief Executive Officer, has purchased 1,037,500 ordinary
shares in the capital of the Company ("Ordinary Shares") as
follows:
|
Director/PDMR
|
Ordinary Shares Acquired
|
Price per
Ordinary Share
|
Total Holding
following Acquisition
|
%
of the Company's
issued share capital now held
|
|
Edward Buttery
|
25,000
1,012,500
|
USD0.768
USD0.775
|
2,488,100
|
0.753%
|
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
|
Edward Buttery
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
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 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 of Ordinary Shares.
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
$0.76833
$0.768
$0.775
$0.775
|
12,500
12,500
12,500
1,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
1,037,500
|
|
- Total Price
|
USD803,892
|
|
|
|
|
e)
|
Date of the transaction
|
24 February 2025, 25 February 2025,
26 February 2025.
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
ENDS
|
For further information, please
contact:
|
Taylor Maritime Limited
Edward
Buttery
Camilla Pierrepont
|
IR@taylormaritime.com
|
|
Jefferies International
Limited
Stuart Klein
Gaudi Le Roux
|
+44 20 7029 8000
|
|
Apex Fund and Corporate Services (Guernsey)
Limited
Matt Falla
|
+44 20 3530 3107
|
|
|
|
|
|
Notes to Editors
About the Company
Taylor Maritime Limited (formerly
Taylor Maritime Investments Limited) is a shipping company listed
under the equity shares (commercial companies) category of the
Official List, with its shares trading on the Main Market of the
London Stock Exchange since May 2021. Between May 2021 and February
2025, the Company was listed under the closed-ended investment
funds category of the Official List. The Company's
strategy is focused upon providing investors with
an attractive level of regular, stable, growing income, and the
potential for capital growth. The Group engages in shipping
activities, optimising earnings from safely operating and trading
the fleet under an enhanced strategy, using a mix of time charter,
voyage, and CoA cargo cover.
The Company, through its
subsidiaries, currently has an owned fleet of 30 dry bulk vessels
consisting of 20 Handysize vessels and 10 Supra/Ultramax vessels
(including one vessel under JV agreement). The Company also
has six vessels in its 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.
For more information, please
visit www.taylormaritime.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
