Board Changes
Summary by AI BETAClose X
31 July 2026
Taylor Maritime Limited (the "Company")
Board Changes
Further to the notice of retirement in the Company's 2026 Annual Report, announced on 17 July 2026, the Board of Taylor Maritime Limited, the specialist dry bulk shipping company, confirms that Ms Yam Lay Tan has retired as Chief Financial officer and Executive Director of the Company with effect from today.
Due to the Company's managed wind-down strategy, first announced on 20 March 2026, the Board does not intend for a successor to be appointed in the role of Chief Financial Officer and key duties have transitioned to members of the senior management team.
Henry Strutt, Chairman, commented:
"Yam Lay has been a core member of the Company's senior management team and played an instrumental role in managing the Group's finance function since IPO. On behalf of the Board, we are exceedingly grateful for Yam Lay's commitment to the Company and wish her all the very best for her retirement."
ENDS
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For further information, please contact:
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The person responsible for arranging for the release of this announcement on behalf of the Company is Matt Falla, Company Secretary.
Notes to Editors
About the Company
Taylor Maritime 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 is pursuing a managed realisation of the Company's assets, prioritising the maximisation of proceeds from vessel sales and future returns of capital to shareholders, in tandem with an orderly winding down of the Company's operations. The timing of disposals and subsequent returns of capital will be influenced by market conditions and commercial factors.
The Company, through its subsidiaries, currently has an owned fleet of 5 dry bulk vessels consisting of 4 Handysize vessels and 1 Ultramax vessel The ships are all employed on time charter.
For more information, please visit www.taylormaritime.com.
About Geared Vessels
Geared vessels are characterised by their own cargo loading 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.
LEI: 213800FELXGYTYJBBG50
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