Result of General Meeting
Summary by AI BETAClose X
27 January 2026
Taylor Maritime Limited (the "Company" or "TML")
Result of General Meeting
The Board of TML, the specialist dry bulk shipping company, is pleased to announce that at the General Meeting of the Company held earlier today, the resolution proposed at the meeting was passed on a poll. The proxy votes received by the Company were as follows:
|
Resolution |
For |
Against |
Withheld* |
||
|
Votes |
% |
Votes |
% |
Votes |
|
|
1. THAT the Company adopts the amendments to its Articles as set out in Part 5 of the Circular to Shareholders dated 9 January 2026 (the "Circular")
|
256,216,463 |
99.95 |
136,673 |
0.05 |
78,706 |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution. Resolution 1 was proposed as a Special Resolution.
In accordance with UKLR 6.4.13, details of the resolution passed at the General Meeting that was not in the ordinary course of business is detailed below.
1. THAT the Company adopts the amendments to its Articles as set out in Part 5 of the Circular and in the form as may be inspected at the registered office of the Company during usual hours on any weekday from the date of the Circular up to and including the date of the General Meeting and at the place of the General Meeting for at least 15 minutes before and during the General Meeting.
Having received approval from shareholders to amending the Articles of Incorporation, the Directors will proceed with the Compulsory Redemption as per the details announced by the Company on 22 January 2026.
ENDS
|
For further information, please contact:
|
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 (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 is focused on navigating shipping market cycles on behalf of its shareholders, leveraging a dynamic and experienced management team with deep relationships in the industry and an agile business model underpinned by low leverage and financial flexibility, to deliver long-term attractive returns through both income and capital appreciation.
The Company, through its subsidiaries, currently has an owned fleet of 8 dry bulk vessels (including 1 vessel held for sale) consisting of 6 Handysize vessels and 2 Supra/Ultramax vessels. The Company also has 1 vessel under JV agreement and 4 vessels in its chartered in fleet. The ships are employed utilising a mix of time charter, voyage charter, and Contracts of Affreightment ("CoAs") to optimise fleet earnings and cargo coverage.
The Company's current 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 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 thereof) 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
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